Stories Of Impact
Structure Your Giving To Create A Greater Impact
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Stories Of Impact

Stories Of Impact

Structure Your Giving To Create A Greater Impact

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John Doe
Angie Han 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 part of the wealth structuring process, I often engage my clients in conversations around the meaning and purpose of one’s wealth. In the wake of COVID-19 pandemic, there has been an uptick in interest in giving, and in particular, legacy giving, a structured approach towards creating a positive change.

Angie Han believes this unprecedented year is sowing the seeds for greater giving in Singapore. “Many of us are witnessing the impact on vulnerable communities,” remarks Angie, ” As a result, in addition to wanting to give back to the community, many also wish to move beyond one-off, ad-hoc responses to a more sustainable and impactful giving.” 

It was this desire to help clients take a more pro-active approach to planning for their future that prompted Angie to make the shift from litigation to wealth planning. “I began my career handling dispute resolution,” shares Angie, a former commercial litigation lawyer at Drew and Napier, “Having seen the fallouts that take place without proper advanced planning, I thought I could use my experience to help families at the outset to put in place the necessary mechanism to protect and transfer their wealth through their key life events and avoid potential pitfalls that come with inadequate planning.”

Today, as a Senior Wealth Planner at Pictet Wealth Management based in Singapore, Angie advises clients on legal, tax and structuring solutions for estate planning and business succession planning. She enjoys engaging her clients in conversations around their core values and mission, how they can engage the next generation, as well as how they can build and pass on a legacy that reflects the values close to their hearts. 

When it comes to legacy giving, Angie champions a structured and forward-thinking approach. “When you take a structured approach, you are more likely to be able to create a sustainable impact,” says Angie. “This includes carefully identifying which causes you would like to support and putting in place processes that match your intended purpose.”

She believes more advisors are needed in this area of practice to strengthen Singapore’s philanthropy ecosystem. She says, “Beyond helping our clients to achieve their personal aspirations, I find fulfilment knowing that I am helping these individuals and families to use their wealth for social and environmental good, and to make this world a better place for those who will live in it after our time.”

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Stories Of Impact

Why Support Sports with Philanthropy?

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”。

Beyond One-Time Giving: Creating Lasting Impact

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 generations
    Each 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.
Stories Of Impact

How Collaborative Philanthropy is Powering Support for Mental Health

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John Doe
a group of people posing for a photo

No friends, no job, and no confidence. That’s what one person grappled with when he first attended a Growth Circle run by Growth Collective SG. By the end of the year, he had built some friendships and was weighing new career opportunities. His self-worth soared. 

Growth Circles are a powerful means to open up mental wellness support to anyone in need. With the backing of philanthropic dollars and like-minded partners from the public, private and nonprofit sectors, Growth Collective SG is sparking a movement for accessible well-being that is gaining momentum.

Growth Collective SG grew out of the Community Mental Health Champions initiative. A collaborative project by CFS and Empact that was generously funded by the Johnson & Johnson Foundation, it began in 2021 with the aim of building a pool of people equipped to help others access mental health support. Mental wellbeing is one of five focal areas that CFS has identified as a priority for grant making in the coming years.

Growth Collective SG is made up of the following organisations:

  • Growthbeans, a social enterprise that provides coaching-infused programs, products and services to equip individuals and leaders with self-awareness, compassion andkey people skills to grow resiliently, connect authentically, and give meaningfully for their well-being.
  • SG Assist , which supports caregivers and their loved ones through an app and volunteers;
  • Singapore University of Social Sciences (SUSS), whose mission is to transform society through applied social science and to inspire lifelong education;
  • Psychosocial Initiative, a social enterprise that promotes psychological first aid skills and emotional/mental health literacy awareness;
  • Empatho, a consultancy that provides social, emotional and mental wellness training to organisations and schools and wants to shift the mental health paradigm from a remedial model to a preventive one;
  • Singapore Anglican Community Services, the community service arm of the Diocese of Singapore;
  • Community of Peer Support Specialists, (CPSS) is a ground-up collective made up of professionally trained and certified Peer support specialists interested in growing Singapore’s mental health peer support movement. They leverage on their lived experiences to provide support to persons with mental health challenges while engaging them in clinical, community and workplace settings.

The idea of Growth Circles for mental health came from Growthbeans, which has been running sharing circles and coaching circles since 2015. These are psychological safe spaces for sharing, reflecting and building meaningful relationships. Each Growth Circle is led by a trained facilitator, who empower individuals through active listening and asking effective questions. “Mental health is a state of wellbeing. To empower individuals to better support their personal wellbeing, we want to provide them with more than a safe space to belong. We want to provide a platform for people to gain self-awareness and perspectives, and have a guided way to practise and grow their person-centric skills with the support of others. And, we have seen the impact that Growth Circles have made,” says Shane Yan, a co-founder of Growthbeans and an ICF certified coach. Shane is the Chair of the steering committee of Growth Collective SG and sits on the steering committee of the SG Mental Well-Being Network.

Drawing upon the varied resources, experiences and competencies of its members who cover the spectrum of the mental health continuum, Growth Collective SG came up with a framework to support four aspects of personal growth – social, psychological, emotional, and spiritual growth. It then set about training Growth Facilitators to lead the Growth Circles. They set boundaries, offer psychological first aid and help participants develop soft skills such as questioning skills, empathy, compassion and emotional intelligence.

Growth Circles typically comprise four to five individuals and take place in person or online. The very first one, held at SUSS, garnered a good response from curious students. “Many people feel burnt out or overwhelmed. They appreciate the friendships made, opportunity to share and process their emotions, the new perspectives gained to lift their emotional and mental burden, and the awareness that they are not alone” says Shane. There is now a waitlist for many of these sessions. And, it is attracting a growing diversity of people of different ages, walks of life, and life experiences.

Even more encouragingly, the practice of and learnings from these Growth Circles are being incorporated into the curriculum at SUSS, for undergraduates studying psychology while postgraduate students will undergo the Growth Facilitators training. Longer-term, Shane says the goal is to build a sustainable, scalable offering that bolsters not just mental wellbeing, but employability, as well as community resilience.

“We are grateful to Johnson & Johnson Foundation. Without their funding, the dream would have taken much longer to materialise,” says Shane. And ultimately, its success has hinged on different stakeholders across the charitable, government and private philanthropic sectors working together to engender change.

“A collective allows a diverse group of stakeholders to work together to reinforce each other’s efforts and achieve more impact. Through Johnson & Johnson Foundation’s funding, CFS took on a backbone role in the collective to align activities, establish shared measurement practices, while mobilising and managing resources,” says CFS.

Growth Collective SG has a promising pipeline of projects. This includes running Growth Circles for residents of Nee Soon South Community Centre and Yuhua Community Club, a partnership with the National Gallery to combine Growth Circles with their How to Art with Friends program for its upcoming Wellness Festival, and an MOU with the Institute for Human Resource Professionals to hone skills for workplace wellbeing.

Enabling community well-being takes an entire ecosystem working together in partnership. Growth Collective SG has officially launched its Together, We Grow movement on 1 April 2023. Join the movement, collaborate with us, and bring Growth Circles to every part of Singapore. Find out more here.

To find out more about how CFS empowers collaborative philanthropy, click here .

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Stories Of Impact

Sparking Powerful Conversations Around Giving

Picture of John Doe
John Doe
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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