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National Legacy Giving initiative to inspire philanthropic culture in Singapore
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National Legacy Giving initiative to inspire philanthropic culture in Singapore

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The three-year national Legacy Giving Initiative aims to make planned gifts more common and frequent as another avenue for Singaporeans to make their giving meaningful.

Private philanthropy has an important role to play in providing much needed support for the community. The Community Foundation of Singapore (CFS) kicks off this initiative today with “A Greater Gift” campaign, to boost awareness and drive conversations for legacy giving and its value to the community.

According to a Social Pulse Survey 1, there is a disconnect between awareness and action when it comes to legacy giving. While the majority of respondents (83%) flagged awareness on what legacy giving is, only 33 per cent is considering legacy as a means of giving, but only 3 per cent would take action.

CFS’ “A Greater Gift’’ campaign, which is digitally-led, will run over the next three months, inviting individuals, professional advisors, and charities to consider ways a legacy gift can provide meaningful support and leave a lasting impact. As part of the campaign, CFS has partnered with ambassadors to highlight the causes they support, capturing what inspired their interests in a particular cause and the legacy they wish to leave.

Going forward, CFS will work with professional advisors by providing them with resources to help them ignite conversations with clients. We will support charities, especially the smaller ones, which may not be equipped to engage legacy donors.

Legacy gifts can be broadly defined as planned, future donations to charities. While up to the individual, the gift can be cash, marketable securities, insurance payouts, CPF monies and marketable assets. Individuals looking to support a cause over a period of years can establish a donor-advised fund (DAF) with CFS, to manage grant distributions

CFS was selected to lead the Legacy Giving Initiative with its strong track record and deep experience in advisory and grant making. As a neutral entity not attached to a specific cause, CFS complements the philanthropy landscape by bridging donor intentions to causes and charities.

Mr. Edwin Tong, Minister for Culture, Community and Youth & Second Minister for Law said, “Legacy giving enables Singaporeans to leave a lasting and meaningful gift to society. We hope that more Singaporeans will consider planning their donations for the future, as it can help support our charities, and spread the spirit of SG Cares across generations. Thank you to the Community Foundation of Singapore for leading the Legacy Giving Initiative, and encouraging Singaporeans to contribute to a more caring and inclusive society.”

CFS Brand Ambassadors

  • Dr. Audrey Looi and Dr. Ang Beng Ti – An eye specialist and neurosurgeon respectively, this husband and wife duo have made it their mission to equip children with low-vision with skills and resources. After personally experiencing a gap in supporting their son who has a degenerative eye disorder, they committed to supporting the visually impaired via iC2 PrepHouse.
  • Nadia Ahmad Samdin – A lawyer whose own personal journey of receiving financial assistance in school has led her to championing support for at-risk youth and their families, who will particularly benefit from having steady care.
  • Dipa Swaminathan – A lawyer and TEDx speaker, her passion to improve the welfare of migrant workers here has led her to set up social initiative ItsRainingRaincoats in 2015, which has especially increased society’s kindness and compassion for this community at the height of the pandemic.
  • Hian Goh – An entrepreneur and venture capitalist who wants to contribute to the future of society by identifying the next big game-changers and creating opportunities for innovators to reach their full potential.
  • Kris Tan – A philanthropist dedicated to empowering the arts in Singapore. She set up a charitable fund with CFS, Kris Foundation, in 2009 to support young classical musicians in Singapore and will expand it to the wider arts community.

About Legacy Giving

The legacy giving campaign is part of a three-year Legacy Giving Initiative (LGI). This campaign will highlight that everyone can contribute to the community through a legacy gift, either through CFS or directly to a charity. The LGI will build awareness by helping individuals understand the ways to give and the value of planned gifts to charity. It will also support professional advisors working with clients and charities engaging their donors in philanthropy conversations. CFS is well placed to drive this initiative.

As Singapore’s only community foundation, it is a neutral philanthropy resource with experience in grantmaking advisory. Visit legacygiving.sg

1The Social Pulse Survey was started in 2016 as an on-going survey carried out by The Ministry for Culture, Community and Youth (MCCY) to gather Singaporeans’ opinions and involvement with regard to matters such as sports, arts, culture and community living. Each month, about 500 interviews are conducted face-to-face with randomly selected households, and residents aged 15 and over across Singapore. The survey sample is representative of Singapore’s resident population.

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The competition was organised by City Harvest Community Services Association and received support from FUN! Fund, a Community Impact Fund jointly established by the Community Foundation of Singapore and the Agency for Integrated Care, with the aim of addressing social isolation among the elderly.

Senior Minister of State, Ministry of Communications and Information & Ministry of National Development Mr Tan Kiat How attended the event. He encouraged the elderly to stay physically and mentally well, as well as urging them to participate in community activities and enjoy their golden years together.

Learn more about FUN! Fund at https://www.cf.org.sg/fun-fund/.

 

The programme provides the children with a non-threatening platform to connect with peers and have positive conversations. In addition, it exposes them to different people who can assist to broaden their perspectives.

L.S., a volunteer with the Reading Odyssey programme @ Spooner Road

中心“常胜将军”胡锦盛:比赛限时反应要快

现年92岁的胡锦盛是最年长的参赛者。自2017年退休后,他几乎每天都到活跃乐龄中心报到,从此爱上了玩拉密,每次可玩上三个小时,在中心是“常胜将军”。

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News

The Straits Times: Teacher gives students with disabilities hope

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by Rahimah Rashith, 24 October 2016

“It is not often that someone comes along who is a true friend and a good writer.”

The ending to beloved children’s book Charlotte’s Web by E.B. White gives an apt rendering of the relationship between teacher Jeyaram Kadivan, 34, and his former student, Mr Caleb Tay, now 20.

Over the course of a year in 2009, Mr Jeyaram spent his weekends thumbing over a paperback edition of the novel, scanning each page into his laptop using a machine that converted the scanned images into words. Read more.

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Events

Lunar New Year 2018 – Celebrating a decade of growing giving to impact

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CFS’s 10th anniversary celebrations kicked off to a wonderful start with a Lunar New Year lunch on 1 March.

Themed “A decade of giving and gratitude”, the event was a testament to CFS’s journey from a quiet start-up a decade ago to a thriving organisation today.

Attended by some 120 donors, charities and partners, the room was filled with a spirited sense of bonding. In his opening speech, Chairman Laurence Lien reflected on CFS’s beginnings during the 2009 Global Financial Crisis when few prospects wanted to talk about philanthropy. “Surviving the first five years was an achievement,” he expressed, citing the setting up of the Outing for the Elderly Fund and the S R Nathan Education Upliftment fund as early endorsements of CFS’s capabilities.

Striking a poignant note in his last year as CFS’s Chairman, Laurence also left several memorable parting thoughts – from inviting donors to be part-owners of CFS to encouraging all to embrace collaboration through their own donor communities.

There were endless conversations in a convival atmosphere as old ties were renewed and new connections were made between donors and charities. In the spirit of collaboration, Deputy CEO Joyce Teo provided an update on Colabs – an initiative between CFS and NVPC announced a year ago.. Her speech shone a light on Colabs’ objective of tackling social issues by bringing together diverse players and signalled forthcoming initiatives focused on disadvantaged children and youth, persons with disabilities and seniors.

Rounding off the lunch, CEO Catherine Loh thanked donors for their trust in CFS, which has resulted in many donors embracing new and innovative approaches to philanthropy. She signalled CFS will focus on Collaboration, Legacy and Impact to tackle issues arising from a rapidly ageing population, technological disruptions and income inequality. To this end, CFS will build on its strong foundation to help even more donors experience the benefits of committed and sustained giving.

We look forward to the exciting months ahead as we continue to mark this milestone year and drive community philanthropy forward.

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News

护联中心新设135万元基金 打造更“好玩”乐龄护理

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如何鼓励年长者更积极地投入社交,活出精彩的老年生活?护联中心推出新的135万元基金“FUN! Fund”,鼓励业者把“好玩”融入乐龄护理计划。

配合11月1日的社区护理日,护联中心星期五(11月4日)举办社区护理领导系列,并在活动宣布推出新基金。

“FUN! Fund”由护联中心和新加坡社区基金会联合成立,致力于改善乐龄人士所面对的社交孤立现象,进而提升他们的身心健康。

社区护理业者可呈交计划书,提出创新的活动点子来带动乐龄人士的情绪,鼓励他们积极尝试新事物。例如,太和观庙弯活跃乐龄站推出“虚拟游乐场”,通过高科技系统和怀旧元素的“新旧”结合,带给乐龄人士别具特色的玩乐体验。

每项计划可获得高达五万元的资助款项。

除了成立基金,护联中心和新加坡社区基金会接下来三年也将在社区护理的四大方面展开合作,分别为:活跃乐龄、环境和社区空间、人力和业务连续性。

阅读更多:Fun! Fund

信用:联合早报©新报业媒体有限公司。复制需要许可

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News

Lianhe Zaobao: More companies and individuals seeking professionals to manage their charitable funds

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新加坡社区基金会成立10年来,设立或管理的慈善基金从2008年的两 个增至今年2月的110个,而基金会筹获的善款也已达1亿元,发放的 款项达6000万元,惠及的慈善团体多达400个。

Song Huichun

随着国人对有效行善的意识提高,更多企业和个人善款捐赠者过 去10年来选择与专人合作,协助他们管理和发放善款给希望帮助的机 构或项目。

数据显示,捐赠者透过新加坡社区基金会(Community Foundation of Singapore)设立或管理的慈善基金从2008年的两个 增至2013年3月的47个,到了今年2月已增至110个,10年来增幅超过50 倍。

协助企业或个人捐赠者以可持续、妥善和具透明度的方式管理与 设立行善基金的新加坡社区基金会迈入第10年,多年来,基金会把捐 赠者与他们关注的相关慈善团体妥善配对,制定有效行善策略,让更 多有需要者受惠。

基金会总裁罗佩仪(50岁)接受《联合早报》访问并透露上述数 据时说,基金会成立之初希望做的是通过了解捐赠者关注的课题及行 善动力,协助发展出一套适合捐赠者的有效行善策略。

新加坡社区基金会在本地超过2000个慈善机构中找出适合捐赠 者资助的项目……找出不同群体的需求及捐赠者可提供协助的机会, 让捐赠者可更有效地施予援助,发挥更大影响力。”

罗佩仪说,在为捐赠者与慈善项目或机构进行配对时,捐赠者的 理念、兴趣、愿意承担风险的限度、拨款数额等都会影响基金会所做 的推荐。而基金会发挥的影响力,也随着更多国人了解以有效方式行 善何其重要后,逐年增加。

深入了解慈善机构运作 及善款影响力

基金会提供给本报的数据显示,截至2013年3月,基金会共筹到 5000万元善款,发放的款项约1200万元,惠及130个慈善伙伴。

而到了今年2月,基金会筹获的善款已达1亿元,发放的款项达 6000万元,惠及的慈善团体多达400个。

为了确保善款获得妥善运用,基金会也会深入了解慈善机构的运 作、领导班子、受惠人如何获益、财务状况、个别项目如何进行、有 多少资源、有没有执行能力等。基金会也会为捐赠者跟进汇报善款发 挥的影响力,以及使用后的结果等。

罗佩仪说:“企业一般上会觉得这样的模式很管用,因为他们必 须向股东汇报善款用途。”

她也说,基金会未来会继续透过讲座和活动接触更多群体,让各 方更了解基金会提供的服务。

运输业者发挥“专长” 让派发食物更有效

交通运输企业行善不忘发挥专业,出钱出力出车,协助非盈利组织有效地派发更多食物给有需要的人。

交通运输业者金钟集团(Goldbell Group)自2015年起成立金钟基金会,探讨如何在经营生意的同时尽社会企业责任,选择帮助真正需要帮助的人。

金钟财务服务私人有限公司执行董事蔡满榜(38岁)积极带领金钟集团履行企业社会责任,他受访时说,在和新加坡社区基金会合作行善之前,金钟集团一般都以零星方式回馈社会,有机会就帮忙,没有一个制式的行善结构。

在金钟基金会成立隔年,因刚好有一名新加坡社区基金会成员认识蔡满榜的父亲,从此,金钟集团就透过新加坡社区基金会从旁牵线和指引,确认行善计划和目的,帮助本身关注的群体。

金钟基金会和新加坡社区基金会展开合作初期,计划每年拨出30万元行善,而慈善团体“爱心食品”(Food From The Heart)是金钟基金会资助的团体之一。

蔡满榜说:“与该团体数次接触后,发现我个人的行善理念与他们的管理营运理念不谋而合,尤其是他们去找合作伙伴捐赠食品给他们要帮助的人,而不是花钱购买食品。”

在透过新加坡社区基金会促成更有效的合作之前,金钟集团已免费租借两辆有冷冻设备的卡车给“爱心食品”,方便他们载送易腐食品。

现在,金钟集团允诺资助“爱心食品”三年,支持该组织卡车队的营运和载送食品给有需要者所需的营运费用等。

如此一来,“爱心食品”就能更好地进行预算和营运规划,确保在金钟集团资助期间,有需者可持续获得食品援助。

除了“爱心食品”,金钟集团也资助过不少个别项目,包括绿色生活、援助有需要青年等。

Link to stories: Here and here.

Translation:

More companies and individuals seeking professionals to manage their charitable funds

In the 10 years since the Community Foundation of Singapore was established, the number of charitable funds set up or managed has increased from two in 2008 to 110 in February this year. The donations raised by the foundation have also reached $100 million, with $60 million distributed, benefiting up to 400 charities.
Song Huichun

As awareness of effective charitable giving increases, more corporate and individual donors have spent the past 10 years choosing to collaborate with dedicated professionals to help them manage and distribute charitable funds to the institutions or projects they wish to help.

According to statistics, charitable funds created or managed by donors through the Community Foundation of Singapore increased from two in 2008 to 47 in March 2013 and further increased to 110 in February this year. In 10 years, it has gone up more than 50 folds.

The Community Foundation of Singapore, which assists corporate or individual donors to manage and establish charitable funds in a sustainable, appropriate and transparent manner, is reaching its 10th year. Over the years, the Foundation has properly matched donors with the charities they care about, formulating effective strategies for good practices to benefit more people in need.

When CFS CEO Catherine Loh, 50, accepted the Zaobao interview, she disclosed the data above and added that the Foundation’s initial hope was to help develop a set of donor-friendly products by understanding donors’ concerns and the motivation to do good.

The Community Foundation of Singapore has identified programmes that are suitable for support from more than 2,000 charitable organisations in the country by identifying the needs of different groups to provide opportunities for assistance so that donors can more effectively provide assistance and make greater impact.

Ms Loh said that when pairing donors with charitable projects or institutions, the donor’s ideas, interests, willingness to take risks, the amount of funding, etc. all influence the Foundation’s recommendations. The influence of the Foundation is also gradually increasing as more people understand how important it is to be effective.

Learning more about charity operations and the impact of charitable funds

According to the data provided by the Foundation, as of March 2013, it had raised a total of $50 million in donations, with $12 million grants given out, benefiting 130 charitable partners.

In February this year, the donations raised by the Foundation reached $100 million, with grants amounting to $60 million, benefiting up to 400 charities.

In order to ensure the proper use of donations, the Foundation has an in-depth understanding of charity operations, leadership, impact on beneficiaries, financial status, how individual projects are run, how much resources they have, and whether they have executive capabilities. The Foundation also follow up with donors to report on the impact of charitable donations, as well as the outcomes.

Ms Loh said: “Companies generally feel that this model is very useful, because they must report to shareholders on the use of funds.”

She also said that in the future, the Foundation will continue to reach out to more groups through lectures and events so that all parties can better understand the services provided by the Foundation.

Transport operators use their expertise to make food delivery more effective

Transportation companies have not forgotten their professional role –  using their expertise and money to help non-profit organisations to effectively distribute food to those in need.

Transportation company Goldbell Group established the Goldbell Foundation in 2015 to explore how to conduct social responsibility while running their business and helping those in need.

Alex Chua, 38, Executive Director of Goldbell Financial Services Pte Ltd, actively led the Goldbell Group in fulfilling its corporate social responsibilities. During the interview, he said that prior to collaborating with the Community Foundation of Singapore, the Goldbell Group generally gave back to society in sporadic ways. If there’s an opportunity, they help, there was no structure for doing good.

In the year after the Goldbell Foundation was established, a member of the Community Foundation of Singapore who knew his father William Chua reached out to them. Since then, through guidance provided by the Community Foundation of Singapore, they have a philanthropic plan and goals, helping causes of their choice.

In the early stages of the collaboration between Goldbell Foundation and the Community Foundation of Singapore, it plans to set aside $300,000 a year to support charities, and charity Food from the Heart is one of the groups funded by the Goldbell Foundation.

Mr Chua said: “After several interactions with the organisation, I discovered that my concept of personal goodwill is in line with their management concept. In particular, they approach partners to donate food to the people they want to help, rather than spend money to buy food.”

Prior to promoting more effective collaboration through the Community Foundation of Singapore, the Goldbell Group has already rented two trucks with freezer equipment to Food from the Heart to facilitate the delivery of perishable foods.

Now Goldbell Group has promised to fund Food from the Heart for three years to support the operation of the truck fleet as well as the operating expenses required to transport food to beneficiaries.

As a result, Food from the Heart is able to better budget and plan its operations to ensure that those in need can continue to receive food assistance during the period the Goldbell Group is funding.

In addition to supporting Food from the Heart, Goldbell Group has also funded a number of individual projects, including environment projects, and providing help to young people.

Photo: Lianhe Zaobao

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