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a group of people wearing face masks at OCBC sustainability day

CFS participates in OCBC Sustainability Day

CFS is honoured to be part of the inaugural OCBC Sustainability Day! Our thanks to the Bank of Singapore for the invitation to co-host a booth at the employee-driven event themed ‘Sustainability – it’s all in our hands!‘. This initiative was created by a group of passionate and dedicated OCBC Bank Group employees known as SING (Sustainability Interest Networking Group), which aims to encourage every individual to make more sustainable choices.The event was a tremendous success with hundreds of employees and partners who attended a mixture of virtual sessions, and a Bazaar showcasing OCBC Group’s sustainability achievements as well as companies showcasing green products and innovations.

Our Annual Report 2022 is now available for download

We are proud to announce that the Community Foundation of Singapore (CFS) Annual Report 2022 has been published.Download your copy here to learn more about the year’s highlights and our impact on the community.

Accessing Quality Education: Beyond the Classroom Walls

The education of a generation is an extensive and complex undertaking.Consider the span of time it takes to bring a single individual from nursery and preschool, through the primary and secondary school levels to the various branches of tertiary education. This journey could range from at least 12 years to almost three decades for the dedicated academic.

How philanthropy can help tackle gender-based online harms

Technology and the Internet have made our lives better in many ways. But they are also facilitating an alarming increase in online abuse, particularly of young women. There is upskirting, where the perpetrator takes intrusive photos or videos up someone’s skirt without their permission. There is revenge porn, where explicit photos or videos of a person are posted on the Internet, typically by a former sexual partner.With the ubiquity of social media, there is flaming (insulting someone with offensive language), doxxing (revealing private information), and cyberstalking. And on encrypted direct messaging platforms, victims are being threatened with violence. As actress Ashley Judd noted in a powerful TEDTalk in 2016, the online abuse of women has spiralled out of control (Judd, 2016).

How much does a Singapore household need for a basic standard of living?

In a study of household budgets by Dr Ng Kok Hoe (Lee Kuan Yew School of Public Policy), A/P Teo Youyenn (Nanyang Technological University), Dr Neo Yu Wei (National University of Singapore), Dr Ad Maulod (Duke-NUS), Dr Stephanie Chok and Wong Yee Lok (LKYSPP), a basic standard of living means “…more than just, housing, food, and clothing. It is about having opportunities to education, employment, and work-life balance, as well as access to healthcare. It enables a sense of belonging, respect, security, and independence. It also includes choices to participate in social activities, and the freedom to engage in one’s cultural and religious practices.”To date, a total of two household budget studies were conducted using the Minimum Income Standards (MIS) as a research method for establishing the incomes needed for a basic standard of living in Singapore. In 2019 the study[1] targeted seniors and in 2021 the study[2] extended this work to the needs of households. The results helped to establish a living wage level, a wage that allows people to afford a decent standard of living and embodies the values and principles that the public identifies with across a range of domains.

Homeless during the pandemic: how our Sayang Sayang Fund responded with agility

When Singapore locked down during the pandemic, homelessness became a visible, urgent issue. Cross-border commuters and people that had lost their housing due to irregular income or family conflict joined the rough sleepers who scrape by on the margins of our society.But with any crisis, there is an opportunity to make things better. In this instance, the authorities and social service organisations moved quickly, joining forces to provide temporary shelters. “The rapid expansion of overnight shelter capacity – from around 60 places at the start of 2020 to a peak of 920 during the circuit breaker – was a considerable feat and evidence of what can be achieved with bureaucratic will and an active civil society,” notes a new study called Seeking shelter: Homeless during the COVID-19 pandemic in Singapore.

Fewer homeless people sleeping on S’pore streets last year; city area has highest number

The number of homeless people in Singapore fell slightly last year, at a time when homelessness was on the rise in many countries amid the Covid-19 pandemic.But the issue of homelessness also became less visible, as more people who would have slept on the streets went to stay at temporary shelters.

a bridge over water with buildings in the background

How Family Offices Could Shape Philanthropy

Singapore has a long history of family philanthropy. The first family foundations were established after World War II and they donated generously to alleviate poverty, care for the vulnerable and build schools and hospitals. Today, there are over 400 foundations and trusts registered with the Commissioner of Charities but families that institutionalized big-ticket giving early on – such as the Lee Foundation and the Lien Foundation – continue to dominate philanthropic giving in Singapore.Family offices are entities which typically manage assets for or on behalf of a family. And Singapore – well-regulated, transparent and politically stable – is rapidly becoming the region’s preferred choice for family offices. In 2020 alone, approximately 200 single family offices were set up here, doubling the total count. As wealth grows, charitable giving is likely to keep climbing.

a person standing on a boardwalk in front of a glass dome building

Why billionaires are setting up family offices in Singapore

Asia’s billionaires are getting ready to hand over to the next generation, and Singapore is benefiting from the rush to set up new or satellite family offices with an increased focus on philanthropy and impact investing.In recent months, Horizon Ventures, a private investment firm associated with Hong Kong billionaire Li Ka-shing opened an outpost in Singapore.* Oppenheimer Generations, the family office of former De Beers chairman Nicky Oppenheimer, is also in Singapore while Bridgewater Associates founder Ray Dalio and Google co-founder Sergey Brin both set up shop in late 2020.

More philanthropy funds focusing on climate change needed: Reports

To support green causes and efforts to further climate action, Mr David Heng, chief executive of a private equity fund, set up the Mind the Gap 200 – Sustainable Earth fund in 2019.It is part of a project Mr Heng, who is in his 50s, undertook with nine friends and the Community Foundation of Singapore.

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