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CFS wins Charity Transparency Award for the second time
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Events

CFS wins Charity Transparency Award for the second time

John Doe
John Doe
a person passing another person an award

It is important that we continue to work together to foster a safe giving environment for Singaporeans, so that we can support the causes we believe in. So that Singaporeans can step forward to support the causes that they believe in with a peace of mind.

For the second time, the Community Foundation of Singapore (CFS) is greatly honoured to have won the Charity Transparency Award at the Charity Transparency and Governance Awards 2022. The accolade, given out by the Charity Council, recognises CFS’s exemplary disclosure and transparency practices. 

CFS was one of 85 charities that received the Charity Transparency Awards this year. This is the highest tally since the awards were launched in 2016 and is an encouraging sign that more charities are implementing better transparency practices. The record number also indicates that disclosure and accountability standards are strengthening in Singapore’s philanthropic sector. 

The ceremony was held on 9 November 2022 and Mr Edwin Tong, Minister of Culture, Community and Youth & Second Minister for Law graced the occasion. Our Chairperson, Ms. Christine Ong, received the award from the Commissioner of Charities, Mr. Desmond Chin. Organised by the Charity Council, the Charity Transparency and Governance Awards lauds nonprofits for their stellar efforts in upholding governance and building public trust in the sector. 

At CFS, transparency is a critical element of the philanthropic equation. “Transparency builds trust and ultimately leads to better engagement and giving,” says Catherine Loh, CEO of CFS. “We believe in being open about our organisation, performance, priorities, and impact and communicating this clearly with all stakeholders. As a leading foundation and grantmaker, CFS is grateful to be a repeat winner of the Charity Transparency Award. We will continue to strive for the highest standards of transparency to honour the trust placed in us by our donors and to continuously improve to better serve our charity partners, funders, and the wider public,” she adds. 

Since our inception in 2012, good corporate governance has been a central pillar of our operations and management. CFS is governed by a Board of Directors comprised of experienced and dedicated professionals from the private, public, and social services sectors. The Board ensures that CFS’s work is effective and responsible, monitors outcomes, and is accountable to donors and regulators. 

As an organisation that bridges donors and charities, CFS is committed to uplifting standards and sharing knowledge within the philanthropic ecosystem in Singapore. We regularly make available information about our activities, programmes, operations, audited financials, Board, and management through our annual reports, website, and social media pages. 

CFS is thankful to our Board of Directors for their expert guidance and leadership, which has helped transform us into a leading philanthropic intermediary in Singapore. We would also like to thank our many partners, our growing community of donors, and our supporters for their continued trust in our work to make giving more accessible and impactful.

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

John Doe
John Doe
picture of loh kean yew holding his medal

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. 

Previously, a crowdfunding initiative Ray of Hope as well as donations from 5 business leaders in Singapore also raised over S$158,000 for the badminton player. 

Bachtiar Karim is the executive chairman of Singapore-headquartered oil conglomerate Musim Mas. In 2021, the Karim family had a net worth of around US$3.5 billion, making it the 10th richest in Indonesia, according to Forbes. 

Cindy Karim, principal at the Karim Family Foundation, said the family was “inspired” by Loh’s perseverance and humility “even after such an amazing feat”. 

Noting that the foundation has had a focus on sports development, art and culture, mental health and education, she added: “We hope to inspire future Loh Kean Yews in Singapore.” 

The donation is being made through a donor-advised fund with The Community Foundation of Singapore. 

If you too, would like to support a cause of your choice, please click here. 

This article was originally published in Business Times here. Source: Business Times © SPH Media Limited. Permission required for reproduction.  

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The CDA top-up programme: Giving support to pre-school children from low-income families

John Doe
John Doe
A diverse group of children and adults, all wearing masks, gather together in a united display of safety and responsibility.

Pre-schools are especially essential in providing a solid foundation for children to get an education, and to also build confidence and impart social skills, which will stay with them for life. As such, The Community Foundation of Singapore (CFS) is partnering with EtonHouse Community Fund (ECF) and the Ministry of Education (MOE) on a Child Development Account (CDA) top-up programme which will benefit around 1,300 pre-schoolers from low-income families this year.

This programme is facilitated by the inter-agency taskforce Uplifting Pupils in Life and Inspiring Families (UPLIFT) to provide eligible pre-schoolers with $500 this year and up to a cap of $1,500 over the next three years, with the government providing dollar-for-dollar matching contributions for the top-ups.

To qualify, the children must be enrolled in 57 pre-schools under seven selected operators, and their families must have a gross household income of $4,500 or less. CFS and ECF will be contributing a total of $1 million to the CDA top-up programme over the next three years.

The seven operators are: E-Bridge Pre-School, Iyad Perdaus Child Development, Kidz Meadow Childcare and Development Centre, PPIS Child Development Centre, Presbyterian Community Services, Super Talent Childcare and YWCA Child Development Centre.

Along with Second Minister for Education Dr Maliki Osman, CFS CEO Catherine Loh paid a visit to partner operator E-Bridge Pre-School’s Punggol Large Childcare Centre on 8 October 2020 to mark the launch of the programme and to celebrate Children’s Day.

“We have a responsibility to strengthen our social safety nets to ensure no child gets left behind. This is why this collaboration is such a wonderful opportunity for CFS and our donors to uplift children from low-income families,” says Catherine.

“I hope that this CDA top-up programme can encourage more low-income families to enrol their children into pre-schools. I also hope that it can provide additional support to needy families during this difficult period by defraying child-raising expenses,’’ says Dr Maliki Osman.

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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”。

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Aleta Planet Foundation: Supporting children and elderly in the fight against COVID-19

John Doe
John Doe
Three people posing with a check from Aleta Planet, expressing joy.

To help bolster the combined efforts in combating the adverse effects of the COVID-19 pandemic within our community, fast growing fintech company Aleta Planet has donated $100,000 to the Mediacorp Enable Fund, a community fund administered by SG Enable.

The proceeds are part of an initial larger commitment of $200,000, and will go towards supporting the elderly who have to work despite their frailties and children with disabilities, as well as those from low income families.

The sum will be donated via the Aleta Planet Foundation, a donor advised fund established in partnership with the Community Foundation of Singapore (CFS). The Aleta Planet Foundation will work with CFS to identify existing needs for the elderly and disabled children, find suitable charity partners to work with and to manage the funds received.

“We are deeply grateful to Aleta Planet Foundation for their strong spirit of charity and choosing the Mediacorp Enable Fund to make their first donation. The generous contribution will provide much needed financial assistance in meeting the last mile needs of persons with disabilities, as well as to help them fulfil their aspirations in life,” says Mr Ku Geok Boon, CEO of SG Enable.

Set up in Singapore just six years ago, the Aleta Foundation specialises in payment solutions to and from China, and plans to increase their contributions to the community in the future as part of their sustainable corporate giving culture.

“As Aleta Planet has reached a level of growth, we feel that it is now fitting for us to give back to the community in which we operate,” said Mr Ryan Gwee, Chairman and Group CEO of Aleta Planet. “This is especially timely amid a pandemic and recession that have created considerable hardship for the most vulnerable groups living on the fringes of our society.”

The donation seeks to also support the elderly who have been abandoned by their families, and will focus on children from low-income families to help them realise their fullest potential in life.

“We look forward to closer collaboration with the Aleta Planet Foundation to identify gaps in the community so as to foster more effective giving and amplify the positive impact they have on our society,” says Catherine Loh, CEO of CFS.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Lorem ipsum dolor sit amet consectetur adipiscing elit dolor

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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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.

Stories Of Impact

The Tabung Project – Saving together for a better future

John Doe
John Doe
a group of kids playing

Launched in 2013, the Tabung Project is a simple yet inventive micro-savings programme by the Healthy Start Child Development Centre (HSCDC), a childcare centre by Beyond Social Services serving children from disadvantaged backgrounds.

With generous support from a donor through the Community Foundation of Singapore (CFS), families who take part in the Tabung Project are encouraged to save in an innovative way. The idea is simple: every child brings home a tabung (“savings bank” in Malay) where family members and even the child are encouraged to contribute. Each month, Tabung Counting Days are conducted, and each child’s savings is then poured into a community savings pool.

Through a multiplier strategy, the collective savings are matched by the donor and government, yielding a greater savings deposit. The impact of the programme is that every dollar saved multiplies into much more as a result of this generous funding support. As an initiative which involves the whole family, the Tabung Project also inculcates an appreciation of the importance and benefits of saving together.

Today, over 84% of students at HSCDC are involved in the project. Based on review sessions, 70% of the participating parents have developed a positive mindset and culture of saving. Many of them have also expressed their gratitude for the project, which both motivates and helps them kickstart savings for their children, and enables them to tap the CDA funds for their children’s childcare and healthcare expenses.

“The Tabung Project is a small gesture toward a more inclusive society,” explains Gerard Ee, Executive Director of Beyond Social Services, “For low-income families who find it difficult to meet household expenses let alone save, their children will not have much in their Child Development Account (CDA) to meet their educational and healthcare expenses. This project is trying to help them meet practical expenses for their children’s well-being.”

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