Stories Of Impact
Sparking Powerful Conversations Around Giving
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Stories Of Impact

Stories Of Impact

Sparking Powerful Conversations Around Giving

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Valerie Wu smiling at the camera

This article first appeared on CFS’s Legacy Giving Website. To find out more about Legacy Giving, please click here.

As a partner at Pinsent Masons, I advise families and individuals. Legal innovations, growing wealth, and changing norms have allowed asset and succession planning to evolve in very interesting ways. I think one of the most impactful ways to do so is to leave a legacy gift to your favourite cause.

Start a conversation, because asking the right questions can help shape your clients’ giving intentions. “Conversations are powerful because they drive thinking around why, who and when your client would like to give,” shares Valerie Wu.

Currently a partner at global law firm Pinsent Masons’ Singapore office, Valerie is a specialist in tax, trust and fund work. As an advisor to families in private wealth transfer and succession planning, and a former senior wealth planner at the Rothschild Trust, Valerie is inspired by the clients she’s worked with from around the world. 

“I’ve been privileged to be able to observe how families both at home and in other jurisdictions think about succession planning,” she says, “There’s a general belief that if one makes a certain amount of money, one needs to give part of that income away to benefit others.”

In a nod to her own experience, Valerie says, ” As we grew up in an emergent, developing and hungry Asian landscape, we often watched and listened to our grandparents. My grandmother was a very strong lady who arrived in Singapore before the Second World War. She never forgot her roots, always sending money back to her home town to support her community.” 

As a tax lawyer with a strong interest in succession planning, Valerie is keen to empower legacy giving in Singapore through her knowledge. In the near future, she is looking to work on law reform to simplify the process of giving in Singapore. 

She finds satisfaction in prompting her clients to think more intentionally on their giving. “Advisors can make a big impact if we can strike more conversations around giving and make legacy giving more accessible and easier to understand,” she says. 

She encourages more advisors to kick-start these conversations, “Make conversations around giving a part of your planning exercise to drive the thinking process, because there’s a huge potential for legacy giving to benefit charities and causes in Singapore.”

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Stories Of Impact

Why Support Sports with Philanthropy?

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While philanthropy traditionally focuses on providing direct aid to those in need, its impact extends far beyond mere charity. Singapore owes much of its early development to philanthropists who made social investments in infrastructure, systems and people. In the case of sports, it can also be a driving force for national bonding and societal progress, nurturing a society where every member can thrive.

Singapore Badminton Players Loh Kean Kew and Yeo Jia Min posing with donor Karim Family Foundation at badminton court
L to R: Martin Andrew (SBA), Loh Kean Yew, Grace Chiong (KFF), Cindy Karim (KFF), Yeo Jia Min, Ashley Chan (CFS), Darrel Lim (CFS), Alan Ow (SBA)

While philanthropy traditionally focuses on providing direct aid to those in need, its impact extends far beyond mere charity. Singapore owes much of its early development to philanthropists who made social investments in infrastructure, systems and people. In the case of sports, it can also be a driving force for national bonding and societal progress, nurturing a society where every member can thrive.

Sports can unite the nation. It goes beyond gender, age and other factors, and brings us together. During COVID-19, Loh Kean Yew won the Badminton World Federation World Championships. That gave Singapore a lift in spirits. It gave everyone something to cheer about while we were cooped up at home.

In addition to fostering a sense of national pride, achieving success at international competitions serves to enhance Singapore’s global reputation. A vibrant competitive sports scene not only offers youths an alternative avenue to success but also yields numerous trickle-down benefits for community sports. These include promoting healthy lifestyles, instilling discipline in young individuals, and inspiring communities to embrace active living.

“Traditionally, sports development might be viewed as a national duty and the responsibility of government bodies,” says Ms Cindy Karim, principal of the Karim Family Foundation, a philanthropic foundation which contributes to sports development, arts & culture, mental health, and education. The family believes that philanthropy paired with government efforts can have a multiplier effect.

Support from the Karim Family Foundation 

In late 2021, the Karim family approached CFS to explore ways to support sports in Singapore. Ms Karim says, “We felt a deep concern for the underrepresentation of Southeast Asian athletes on the global stage.” Together with her father Bachtiar Karim, mother Dewi Sukwanto and brother Chayadi Karim, she established the Karim Family Foundation with the support of CFS.

When Loh Kean Yew won the BWF World Championships in December 2021, the Karim family asked CFS to facilitate a $200,000 contribution to the champion to support him and celebrate his achievements. “It takes much courage and sacrifice to dedicate oneself to pursuing excellence in badminton as a career. We hope that with our support, our national shuttlers won’t have to worry too much about the financial aspect. We hope they can be duly rewarded and celebrated for their achievements and focus all their energy on writing their own success story in time to come,” says Ms Karim.

When asked why she and her family chose to support badminton, Ms Karim says, “Growing up between Indonesia and Singapore, we have always felt a strong affinity to badminton as a sport. It has become a personal passion and mission to make badminton more widely known in professional sports.”

Challenges in Competitive Badminton

The Singapore Badminton Association (SBA) is the governing body for badminton in Singapore. It oversees the development of competitive badminton in Singapore and is dedicated to nurturing talent. Mr Ow, the CEO of SBA explains, “To reach world-class competition standards, players need to train and participate in competitions to develop their skills. Because there is only a small pool of players to compete against in local tournaments, overseas tournaments are essential for exposure to a wide range of high-calibre competitors.” However, overseas competitions require resources. Teams need sports and conditioning coaches and physiotherapists to accompany them. Expenses such as airfares, accommodations and tournament entry fees add to the hefty cost. Aspiring players often have to bear some of these expenses personally, which can be a barrier to realising their full potential.

Training and competition expenses are not the only financial constraints that players have. To succeed, competitive players must put in the hours, which frequently means committing to half a day of training, six days a week. The high training demands mean players end up sacrificing their studies or work, which can add to the financial strain.

Nurturing Talent in a Conducive Environment

CFS works closely with charity partners and donors to identify underserved needs that align with donors’ philanthropic goals. Working closely with the Karim family and the Singapore Badminton Association (SBA), CFS helped structure a funding arrangement that drives impact and excellence for future badminton stars. In May 2023, the Karim Family Foundation (KFF) donated $600,000 to fund the KFF-SBA Players’ Development Programme for three years. “We wish to support SBA’s ambitious efforts to elevate the sport in Singapore and internationally, and to build a strong pipeline of players. Our funding of the Players’ Development Programme is aimed at grooming players and enabling them to have as much exposure as possible by competing at the highest levels internationally,” says Ms Karim. Mr Ow estimates that the grant from KFF supports training and expenses for overseas competitions and training camps for about 40 players. The increased funding is expected to enable players to compete in approximately 50% more tournaments a year.

In addition to funding the development programme, the Karim family also contributed to the local competition scene as title sponsors of the KFF Singapore Badminton Open 2023, which brings world-class players to Singapore. “Through the excitement and hype of the event, we hope it will inspire future players,” says Ms Karim of KFF’s philanthropic strategy.

Championing Philanthropy for Sports

We hope that our work starts a perpetuating cycle of giving and support, and that with more philanthropic organisations coming forward, our national sports can earn its place amongst the reputable, celebrated sports of the world. Enabling players to achieve greater heights on the global stage bolsters Singapore’s standing as a vibrant community with talent and opportunities. We hope that in the long run, this effort will bring more exposure to the emerging talents within Southeast Asian professional sports.

She adds, “The process of setting up a Donor Advised Fund with CFS is simple, and donors can leverage the CFS team’s network, knowledge and expertise to be introduced to the right organisation that aligns with their philanthropic priorities. Having this option helps lower the barriers to entry and makes philanthropy more accessible.”

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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Stories Of Impact

Spreading the Holiday Cheer: CFS Contribute Year-End Meal to Melrose Home Residents & Staff

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John Doe
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As the year 2023 drew to a close and office parties were being planned, the staff at CFS decided to redirect their staff celebration budget from traditional year-end parties and gift exchanges. Instead, they chose to sponsor a special New Year’s Eve dinner for the children and youth of Melrose Home, and contributed by purchasing grocery vouchers, hoping to bring joy and warmth to them during the holiday season.

At CFS’s monthly Town Hall, representatives from Children’s Aid Society Ms Serlina Huang, Manager of Community Partnerships and Ms May Su Paing, Communications Executive from Children’s Aid Society, visited along with their colleagues from Melrose Home, Ms Michelle Chen, and Mr Timothy Pang. Together they offered the CFS team valuable insights into the home’s operations and needs, enhancing their understanding of how donor contributions can benefit the beneficiaries. Ms Tricia Lee, Director of Communications & Marketing at CFS then presented grocery vouchers that the CFS staff had contributed, to support the purchase of essential items for the residents of Melrose Home. 

Mr Alvin Goh, Executive Director of Children’s Aid Society shares, ‘We are grateful for this heartwarming gesture from the Community Foundation of Singapore and thank the CFS team for spreading the holiday cheer to our residents. It is heartwarming to see the community coming together to help improve the lives of those in challenging situations.’

Melrose Home, a service under the Children’s Aid Society (CAS), is a residential home for children and youths aged 6 to 21. Their residents have experienced challenging family circumstances or child protection issues that led to them being removed from their family homes. 

The organisation has been a CFS grantee since 2022, and our donors have generously contributed to supporting Melrose Home in its mission. CAS is currently appealing for donations to help transform its premises at Clementi Road into “Melrose Village”, which will enable residents to have more living space, and offer purpose-built facilities, advanced counselling and psychological services. To find out how you can contribute, visit https://www.cf.org.sg/giving/ways-to-give/ 

References:

https://childrensaidsociety.org.sg/melrose-home/

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Events

Beyond One-Time Giving: Creating Lasting Impact

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John Doe
A poster for the Giving Week event, showcasing the spirit of generosity and community involvement.

SG Cares Giving Week (1-7 December) celebrates the spirit of giving. This is the time to share your time, talent, treasure and voice to support causes that you are passionate about, in all ways, big and small.

If you are considering making more lasting contributions that go beyond a single donation, CFS can help you transform your giving. Here are some ways in which you can make giving a sustained way of life:

  1. Get involved in philanthropy by setting up a donor-advised fund
    The philanthropic ecosystem can be a complex terrain to navigate. If you’re considering embarking on a philanthropy journey, setting up a donor-advised fund (DAF) with CFS is an excellent starting point. You could also invite several friends or family members to start a DAF together!Our philanthropy advisors will help you understand the needs of vulnerable groups and how you can make an impact in Singapore. You decide which causes to support and how much funding to provide. We handle the administrative details of grant-making, allowing you to concentrate on making the difference that truly matters to you.

    To learn more about setting up a DAF, visit How to Get Started

  2. Use your time and talent to make a difference
    If you are looking to make an impact with your skills and spare time, volunteering with a non-profit organisation is a great way to do this. At CFS, we are passionate about raising awareness about various causes through a variety of channels. Whether you’re a proficient writer, skilled photographer, or possess other creative abilities, your involvement can help us craft compelling content and engaging multimedia that drives our mission forward.

    You can find out more details here:   Content Writer , Photographer/Videographer

  3. Leave a legacy for future generationsEach of us holds the power to create a lasting legacy by designating a portion of our financial assets in our will or trust. By choosing to leave a legacy gift with CFS, you pave the way for future generations to carry forward your values and aspirations for the community beyond your lifetime. It is a way to ensure that your impact on causes you care about resonates long into the future.

    You can also establish a donor-advised fund in the name of a loved one. A memorial fund is a wonderful way to honour their legacy and continue their work.

    It is never too early to plan your legacy gift. To learn more about legacy giving, visit https://www.legacygiving.sg/

    SG Cares Giving Week is a key initiative of the national SG Cares movement held annually from 1 to 7 December, that celebrates the spirit of giving and seeks to make giving part of our way of life. It is organised by the National Volunteer & Philanthropy Centre (NVPC) in collaboration with SG Cares Office and National Council of Social Service (NCSS). Support the movement at givingweek.sg.
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News

A Call for Collaborative Giving: Scaling Greater Heights with Seniors

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A call for collaborative giving: Join hands to make a difference. Together, let's create positive change through collective generosity. #CollaborativeGiving

The third Colabs publication explores how we as individuals and as a society can help our senior citizens live more happily in our community, against the backdrop of an aging population. The collective insights of 98 participants identified various issues such as the generational gap and lack of purpose. In collaborative discussions on the way forward, one key point was to involve seniors from the very beginning, to improve their ownership and adoption of the solutions. Read more here.

Speaking after the association’s annual general meeting at Kallang Netball Centre on Friday, Liang-Lin, a fund manager for a US$7 billion (S$9.5 billion) firm focused on green real estate investments in Asia, hopes to bring her expertise to the table and increase the amount of financial support for Singapore netball during her four-year term.

The 53-year-old took over from Deputy Speaker of Parliament Jessica Tan, who has been the association’s president since 2012. Tan had reached the end of her tenure, which saw the national team make several breakthroughs, including a gold medal at the 2015 SEA Games in Singapore.

Liang-Lin holds various appointments such as being Singapore’s representative to the G20 for Women appointed by the Ministry of Finance. She is also a board member of the Community Foundation of Singapore, which promotes philanthropy through facilitating the establishment of charitable funds.

She said: “One of the things that is overlooked when we look at philanthropy and fundraising is that sport is not really part of the things that people will automatically think about.

“Less than one per cent of the funds that we raise in the Community Foundation goes to sport. The values that sport brings need to be amplified more, so that corporates… see the need to support sport. I think that link needs to be stronger so that we get not just more corporate sponsors, but also they can come in for longer periods of time.”

While national agency Sport Singapore provides funding to netball, corporates can also do their part, she added.

She said: “If we play our cards correctly, we can get corporates to come in and hopefully support them, to see the wider purpose of sport and bring the nation together.”

She also hopes the association can be proactive in looking for financial support, adding: “We must work more strategically with governing bodies on educating corporates on the importance of really supporting sport.”

The former netball player also made references to the recent Women’s World Cup for football, noting the “ability for a game that focuses on women in the sport to bring global attention”.

She said: “I want that kind of trajectory of the limelight going to women’s sport. I think that is a trend that will continue, and I hope that netball will be part of that trend.”

Meanwhile, Tan was satisfied that she has achieved the three objectives she had set out to do when she came on board – to improve quality of play, build a fan base and create an ecosystem which involves coaches and players.

The 57-year-old added: “As much as I do feel sad about having to step down, but at the same time, leadership renewal is very important.

“I think Trina will help to galvanise the team together, and bring a lot of new perspectives and quality to the association.”

Join us in making an impact on Singapore sports scene! Reach out to us for more information.

Source: The Straits Times © SPH Media Limited. Permission required for reproduction

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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”。

Picture of admin bluecube
admin bluecube

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

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