This is the first initiative in Singapore that uses the collective impact model, which enables funders and non-profits to own and address complex social issues in a coordinated manner.The Collective aims to increase the ability of disadvantaged youths to progress to working life through training and skills development.
At CFS’s 10th anniversary event, it was the perfect moment to reflect on the sea of change in the philanthropy landscape over the past decade. But what lies ahead? Our three distinguished speakers – Grace Fu, Minister for Culture, Community and Youth, Catherine Loh, CEO of CFS, and Laurence Lien, Chairman of CFS – all struck home the point on philanthropy’s potential for growth in Singapore – through driving impact via new giving channels, collaboration and innovative approaches.Here are three inspiring thoughts from the evening’s speeches:
Annual report 2018In financial year 2018, CFS received a total of $9.7 million in donations. We disbursed $12.4 million worth of grants to 186 charitable organisations supporting various causes. This year’s annual report also showcases CFS’s latest donor advised funds, grantmaking highlights, collaborative giving initiatives and recent events.
After months of anticipation, CFS’s year-long 10th anniversary celebrations came to a high point on 5 September 2018 at a gala event held at The Arts House. Guest of honour, Minister for Culture, Community and Youth Grace Fu, and 120 guests including donors, charities and other partners, came together to commemorate this major milestone in CFS’s history.In her keynote speech, Minister Fu reflected on philanthropy’s important role in Singapore’s history and its continued relevance in building a culture of care. She thanked CFS for “its excellent work in raising funds and giving out grants, as well as in inspiring and enabling giving in Singapore” and that “as Singapore’s only community foundation, CFS plays an important role as a bridge builder between local communities and the larger charitable ecosystem.”
Minister Grace Fu, distinguished guests, ladies and gentlemen,The power of informed giving
Thank you all for joining us in this celebration.CFS was first incorporated on 8 September 2008; hence our 10th birthday celebrations now. Lehman Brother collapsed on 15 September 2008, so we are also commemorating 10 years of the Global Financial Crisis.
Mr Laurence Lien, Chairman, Community Foundation of SingaporeMs Catherine Loh, CEO, Community Foundation of Singapore
September 5, 2018 – The Community Foundation of Singapore (“CFS” or the “Foundation”) turns10 this year and marked the milestone with a celebratory event at the Arts House today. Minister for Culture, Community and Youth Grace Fu was the guest of honour at the event, which was also attended by more than 120 guests comprising donors, charities and other partnersMore than 110 charitable funds have been established with CFS since its inception in 2008. Over the past decade, it has raised more than S$100 million in donations and given out grants amounting to around S$60 million to over 400 charity partners that support a wide range of causes. These include animal welfare, arts and heritage, children, education, the environment, families, health, persons with disabilities, seniors, sports and youth. This puts CFS in good stead to help donors identify gaps and opportunities in the ecosystem, undertake due diligence on charities, and manage grants with a high degree of accountability to deliver lasting benefit.
In tandem with its 10th anniversary, CFS launched its first ever brand campaign ‘Portraits of Generosity’– a series of heart-warming donor stories uncovering each donor’s motivation for giving.Looking back at their lives, donors share their motivations for why they chose to give back to those in need. Be it an act of kindness, a family member’s compassion or a long tradition of philanthropy, the campaign unearthed the diverse experiences which left a mark on each donor’s life and spurred them to give back. Donors also open up about their philanthropic journey, why they chose to support specific causes and how seamless the giving experience can be through starting a fund with CFS.
The first Colabs publication discusses the challenges that disadvantaged young persons face at home, such as an unconducive family environment. It examines how these challenges impacted the young persons’ educational attainment and social mobility, and offers suggestions as to how givers could collaborate to close the gap for these individuals. The publication, based on the collective insights of over 100 participants who contributed during the series, can be downloaded here.
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