The Straits Times: The new philanthropists in town
by Theresa Tan, 26 June 2016There is also a growing number of donors who have started charitable funds parked under groups like the Community Foundation of Singapore and the SymAsia Foundation. Both charities manage their donors’ funds and disburse them to each donor’s chosen causes, thus saving the donors the cost and effort of starting their own foundation. A sum of at least $200,000 is required to set up a charitable fund with the Community Foundation, and 82 funds have been formed since it was set up in 2008.
