The Business Times Archives

‘You don’t need millions’: How donor-advised funds helped this former mountaineer build his legacy

LEGACY had always mattered to David Lim but in the years leading up to his 60th birthday, he began reflecting on how to make a more lasting impact.The leadership coach and former mountaineer had long linked his climbing pursuits to charitable causes. Lim led Singapore’s first expedition to Mount Everest in 1998, but was left partially disabled after returning from the climb due to a rare nerve disorder.

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Bank of Singapore partners Community Foundation of Singapore to provide clients with philanthropy services

Bank of Singapore, the private banking subsidiary of OCBC Bank, has partnered with non-profit organisation Community Foundation of Singapore (CFS) to provide its clients with philanthropic services.With this partnership, CFS will work with the bank’s clients to translate their interests, values and goals into philanthropic strategies that meet giving goals of the clients and match the needs of the local community. To develop these strategic giving plans, CFS will use insights from its Charities and Grants team and consult its philanthropy advisors.

picture of loh kean yew holding his medal

Indonesia’s Karim Family Foundation raises S$200,000 to support badminton world champion Loh Kean Yew

An Indonesian tycoon’s family foundation, the Karim Family Foundation, has raised S$200,000 to support badminton player Loh Kean Yew, the first Singaporean to win the Badminton World Federation World Championships.The Karim Family Foundation – set up by the family of Indonesian tycoon Bachtiar Karim and his wife Dewi Sukwanto – wanted to congratulate Loh for his win at the championships in December 2021, according to Zaobao.

Donor-advised funds can make a meaningful impact in Asia

Such funds give donors more say in the philanthropic process, and can lead to donors being tipped off about underfunded causes. These funds also make it possible for non-millionaires to do their bit.What do Jack Dorsey, Larry Page, Elon Musk, Jack Ma and Mark Zuckerberg have in common in terms of their charitable giving?

All about legacy giving

LEGACY giving is not the prerogative of the ultra-wealthy alone. That is the mindset the Community Foundation of Singapore (CFS) wants to inculcate with its latest movement – the Legacy Giving Initiative (LGI) – which was launched by a campaign called A Greater Gift last November.According to a Social Pulse survey, while the majority of respondents (83 per cent) flagged awareness on what legacy giving is, only 33 per cent considered legacy as a means of giving, and just 3 per cent indicated they would take action.

A snapshot of the innovative charities index, showcasing the dafs, a new concept in the philanthropic world.

The Business Times: DAFs still quite new concept: charities index

SINGAPORE was among the top 10 most generous countries in 2018 – according to CAF World Giving Index published by Charities Aid Foundation, a British charity – with 58 per cent willing to donate money to a charitable cause.However, according to calculations by the Community Foundation of Singapore (CFS), a non-profit organisation that encourages and enables philanthropy in Singapore, just 1.1 per cent of total giving in Singapore in 2017 was to donor advised funds (DAFs), as it is still a relatively new concept.

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The Business Times: New fund to help Singapore’s marginalised groups land jobs

By Rachel MuiThe Community Foundation of Singapore (CFS), which is a non-profit organisation, on Thursday said it has launched a new fund to raise the participation of marginalised groups in Singapore’s workforce.

Group of people posing with President Halimah Yacob

Business Times: UBS, CampVision mentor 100 youths

President Halimah Yacob presented 100 youths with certificates after they graduated from the UBS-CampVision Lead Academy programme last Saturday.The Lead programme partners youths with volunteer mentors from UBS to help them develop effective communication skills and self-leadership. The bank also engages executive leadership coaches to facilitate the learning process.

A newspaper article showcasing how size is not a hindrance to structured corporate giving. Exploring corporate philanthropy regardless of company scale.

Business Times: Size no barrier to structured corporate giving

Liontrust hopes its charity fund will spur fellow SMEs to make their giving countMany owners of Singapore’s small and medium-sized enterprises would gladly give back to their community. But, without the heft larger corporations have, it is easy for them to resign themselves to thinking that each dollar they give won’t go as far, says Lim Wei-Jen, 47

Business Times: As they received, they now give

Education is a force for good and a cause that Trina Liang-Lin and Edmund Lin are passionate about supporting.Education has been pivotal in both their lives, paving stones to their successful careers. Ms Liang-Lin, 47, is the managing director of investment research consulting firm Templebridge Investments, and married to Mr Lin, 49, partner and founding member of Bain & Company’s Singapore office.

The Business Times