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Recipients of S R Nathan Education Award meet former president over tea
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Recipients of S R Nathan Education Award meet former president over tea

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Picture of the recipients of the S R Nathan Education Award had tea with the former president at the Eurasian Community House

The recipients of the S R Nathan Education Award had tea with the former president at the Eurasian Community House on Saturday. The award is given to outstanding students who have been accepted into the Institute of Technical Education (ITE) or any of the five polytechnics. Read more.

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Opinion

Sustainable Philanthropy Matters: Navigating the SDGs with Philanthropy

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poster about sustainable philanthropy: navigating the SDGs with philanthropy

In this three-part series ‘Sustainable Philanthropy Matters’, we explore the surprisingly intimate relationship between philanthropy and sustainability and how the practice of one can in fact, lead to the advancement of the other. Both of these issues are close to our hearts here at CFS and we want to share how our philanthropy can help preserve our planet, our communities and our future.

Philanthropy has traditionally been aimed at supporting societal needs. In recent years, the increasingly pressing demand for climate reformation requires the influx of tremendous funding to support the advancement of the Sustainable Development Goals (SDGs), from R&D and technological applications to conservation and community efforts. Beyond the responsibilities of governments and businesses, philanthropy has a huge role to play. While this may sound novel, it actually is not and, in this third and final instalment of Sustainable Philanthropy Matters, we examine how philanthropy can help stem the tide of climate change.

The Interconnectedness of Sustainability

At first glance, the 17 SDGs might seem a little daunting, like some miniature Periodic Table meant to scare students. It may help to see this as one concerted effort to effect long-lasting change, to ensure the sustainable survival and thriving of both People and Planet.

This holistic approach is evident in that all the SDGs are, in fact, interconnected. In the last article, this was explained in a sustainable farming example. Besides these issues, the SDGs also help us to realise the borderless world we now live in. For example, rampant slash-and-burn agriculture in Indonesia (BBC News,bbc.com/news/world-asia-34265922 2019), droughts in California (Bernstein, 2015) and declining wild salmon populations in the Atlantic (Forseth, Barlaup, Einum, Finstad, Fiske et al, 2019, page 2) all have one thing in common: they affect communities in Singapore.

The first spells an annual onslaught of respiratory problems as haze blankets the country while the latter two impact our food supply, namely oranges and smoked salmon.

Everyone’s Cost to Bear

Those three problems are just some of the innumerable issues worldwide that the SDGs seek to address. A glance at the big picture shows that achieving the SDGs has a hefty price tag of an estimated $5t to $7t, although the silver lining of this is that that achievement could open up $12t of market opportunities (United Nations, 2022).

However, the localised impact demonstrated above makes it abundantly clear that we all have a stake in ensuring that those goals are achieved. Singapore’s enhanced Nationally Determined Contributions (NCCS, 2022) towards the SDGs, executed through initiatives such as the Green Plan 2030 (SG Green Plan, 2022) and 30 by 30 (SFA, 2021), cannot be achieved by the public and private sector alone. It requires individuals’ combined efforts, through practice and philanthropy.

The role of and need for philanthropy is even greater when we consider the Singaporean Government’s stance to avoid being a welfare state and instead, offer tiered and limited safety nets for those in need (MOF, 2020). While there is certainly a need to address the SDGs in the local context—such as those relating to poverty, hunger, health and education—Singaporeans are required to help themselves in this meritocratic system.

Partly because this is clearly easier said than done, a small sum is deducted from employees’ wages in Singapore that goes towards four racially-oriented Self Help Groups. So unless one opts out of this scheme, every salaried resident in Singapore is already involved in some form of philanthropy. 

Charities, Charities Everywhere

Of course, that sum is a miniscule drop in the large scheme of things, with $25.69m for the CDAC$8.54m for Mendaki$18.87m for SINDA and $0.78m for the Eurasian Community Fund, against a national total of $2.9b donations in 2019 (MCCY, 2020, page 4). Many non-profits and voluntary welfare organisations and their care recipients still rely on the goodwill of philanthropists.

While there are thankfully many generous donors out there, there is also a baffling number of charities and IPCs (Institutes of Public Character, which are held to even more stringent governance standards): 2,281 at the end of 2019, to be exact (MCCY, 2020, pages 13 and 17). Just like the SDGs, more charities are related to addressing societal needs than environmental ones.

That line is blurring today with countless examples: a centre for autism implementing an urban farming programme, a society that safeguards the cleanliness of our waterways for the local wildlife and citizens alike, and tree planting exercises for the public by the Garden City Fund.

Yet, there are still a lot of untapped opportunities. We need to develop programmes and build the capability that will allow our social sector to effectively address the SDGs in the local context and with environmental considerations. That requires funding — for research, pilot programmes and training.

A Touch of Philanthropic Professionalism

In breaking all this new ground, it is prudent to apply a layer of Governance checks over the Social and Environmental orientations and objectives of all the organisations and programmes.

Thankfully, one does not need to worry too much about Governance here in Singapore. Local regulations require charities and IPCs alike to be transparent about their operations, activities and finances.

As a winner of two accolades for transparency and governance at the 2019 Charity Governance Awards, CFS is ever-cognisant of the importance of balancing the outputs and outcomes of charities and their activities with their strategy and operational methods.

If you would like to know more about how CFS can help you source for, identify and evaluate programmes that both meet your philanthropic preferences and address the SDGs, please visit here.

To read the other 2 stories in the ‘Sustainable Philanthropy Matters’ series, please click below:

This article was written by Adam, a Principal Consultant with CFS and an experienced sustainability practitioner. He is an advocate for sustainable practices. His colleagues are still wondering how his monthly household utilities bill is only around $70.

Disclaimer: The opinions expressed in this publication are those of the author. They do not purport to reflect the opinions or views of CFS or its members.

References

  1. BBC News. (16 September 2019). Indonesia haze: Why do forests keep burning? https://www.bbc.com/news/world-asia-34265922
  2. Bernstein, Sharon. (2015). California citrus farmers pull up trees, dig reservoirs to survive drought. Reuters. https://www.reuters.com/article/us-usa-california-drought-farmers-idUSKCN0RB15420150911
  3. Forseth, T.,  Barlaup, B. T., Einum, S., Finstad, B., Fiske, P, et al. (2019). Status of wild Atlantoc salmon in Norway 2019. https://www.vitenskapsradet.no/Portals/vitenskapsradet/Pdf/Status%20of%20wild%20Atlantic%20salmon%20in%20Norway.pdf
  4. Ministry of Culture, Community and Youth. (September 2020). Commissioner of Charities: Annual Report 2019https://www.charities.gov.sg/PublishingImages/Resource-and-Training/Publications/COC-Annual-Reports/Documents/Commissioner%20of%20Charities%20Annual%20Report%202019.pdf
  5. Ministry of Finance. (Updated 25 November 2020). Singapore Public Sector Outcomes Review: Social Safety Nets. https://www.mof.gov.sg/singapore-public-sector-outcomes-review/citizens/opportunities-for-all-at-every-stage-of-life/social-safety-nets
  6. National Climate Change Secretariat of Singapore. (28 February 2020). Singapore’s Enhanced Nationally Determined Contribution and Long-Term Low-Emissions Development Strategy.  https://www.nccs.gov.sg/media/press-release/singapores-enhanced-nationally-determined-contribution-and-long-term-low-emissions-development-strategy
  7. SG Green Plan. (Updated 28 January 2022). https://www.greenplan.gov.sg/
  8. Singapore Food Agency. (Updated 17 December 2021). https://www.ourfoodfuture.gov.sg/30by30
  9. United Nations. (Accessed 16 February 2022). FAQ: How much will the implementation of this sustainable development agenda cost? https://www.un.org/sustainabledevelopment/development-agenda/
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News

Three rising economic identities of women

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The world is far from being equal and fair for women, and the Covid-19 crisis has amplified this disparity.

As the global Covid-19 vaccine roll-out promises light at the end of the tunnel, the world is still accounting for the pandemic’s disproportionate impact on women and, consequently, the sacrifices they have made during this time – whether it is at work or at home.

Singapore recognises this and has declared 2021 as the Year of Celebrating SG Women. Meanwhile, this year’s theme for International Women’s Day on March 8 is “Women in leadership: Achieving an equal future in a Covid-19 world”.

How can we enshrine women’s economic value through permanent action, thus forging a new dawn for working women post-pandemic?

The world is far from being equal and fair for women, and the crisis has amplified this disparity. Women form 39 per cent of global employment but account for 54 per cent of overall job losses, according to McKinsey Global Institute. Covid-19 has also made women’s jobs 1.8 times more vulnerable than men’s jobs.

In a Deloitte Global survey that polled 400 working women across nine countries, nearly 82 per cent said they had been adversely impacted by the pandemic – largely due to shouldering more caregiving/homeschooling responsibilities. Of these, nearly 70 per cent were concerned about career progression.

Yet the fundamental human right of gender parity presents a critical economic opportunity. Righting the imbalance will help increase women’s economic participation and foster a more inclusive economy, which can drive sustainable development worldwide. This could mean adding US$13 trillion (S$17.3 trillion) to global gross domestic product (GDP) in 2030, according to McKinsey. But if nothing is done, global GDP growth could fall by US$1 trillion in 2030.

To counter this disparity and create an equal future for women, corporate and government policies must support women’s full economic participation. To do this, we should recognise three formidable identities of women: as worker, consumer and investor.

Women as workers

When schools in the United States resumed last September and instituted home- based learning, 80 per cent of the 1.1 million job-leavers were women. In December, women lost 156,000 jobs while men gained 16,000. To top it off, one in four women in the US is considering leaving the workplace due to challenges created by Covid-19, according to a joint report by McKinsey and LeanIn.org.

If issues are not addressed now, there would be fewer women leaders in the future.

Suffice it to say, there is still no equal pay for equal work. Singapore women still earned 6 per cent less than their male peers for doing the same work, according to a January 2020 report by Ministry of Manpower researchers Eileen Lin and Grace Gan and National University of Singapore economist Jessica Pan.

This is despite more women having higher educational attainment and increased workforce participation. Researchers attributed this difference to caregiving, a role that usually falls on women. Time taken off work leads to gaps in work experience, which affects career progression and earnings.

The gender pay gap was also due to women being more prevalent in sectors such as hospitality and healthcare having lower pay, compared with male-dominated occupations such as doctors and science, technology, engineering and mathematics professionals with typically higher pay.

Company and national policies should be designed to retain women workers. They should include tools for women to work remotely, retrain if necessary, maintain work- life balance as well as paid-leave policies that encompass childcare and eldercare.

In Singapore, a change in whole-of-nation/society mindset to share domestic responsibilities more equally is underway, with incentives for firms to adopt flexible work arrangements and increase paid paternity leave. This is significant, given the deep-rooted Asian mindset of gender stereotypes, and could pave the way for other Asian nations to follow.

Women as consumers

By 2030, 100 million more women will enter the global workforce, according to Frost & Sullivan’s Global Mega Trends to 2030.

This means that economic and financial power will shift significantly towards women. In fact, a Nielsen study showed that women are set to control 75 per cent of discretionary spending by 2028. Not only do they shop for themselves, they generally are in charge of household purchases. And if they like a brand, 85 per cent of women will remain loyal to it, Nielsen reported in 2018.

Yet media campaigns have been found lacking. In a 2018 study by Omnicom Media Group that surveyed 1,000 people, 39 per cent felt that advertising did not represent all genders accurately and 30 per cent said that brands misrepresented them and their gender.

Meanwhile, advertisements in Singapore were six times more likely to show women doing housework than men, and men were 32 per cent more likely to be featured in lead roles, according to a 2018-2020 study by Aware and marketing consultancy R3 of 200 television ads from Singapore’s top 100 advertisers.

Companies that pay heed to their messaging are duly rewarded. At Unilever, non-discriminatory advertising created 37 per cent more brand impact and a 28 per cent increase in purchase intent, a 2019 study by market researcher Kantar showed.

Upmarket exercise equipment company Peloton found this out the hard way. In November 2019, it released a 30-second video that showed a husband giving his wife a Peloton stationary bike. Critics slammed it for being sexist, tone-deaf and even dystopian. The backlash may have contributed to Peloton’s 15 per cent stock drop in three days, or about US$1.5 billion loss in market value. Peloton stood by its ad and insisted that the plunge was unrelated.

Companies that target the female audience should also track the percentage of women in managerial positions as well as on their boards. After all, companies with greater gender diversity were 25 per cent more likely to outperform their competition, McKinsey found in a 2020 report.

Women as investors

According to Boston Consulting Group, women are adding US$5 trillion per year to their assets globally and female-owned assets are likely to reach US$93 trillion by 2023. When making investment decisions, the study also found that while men mainly focused on an asset’s track record, women also considered environmental, social, and governance factors and preferred those that created positive impact as well.

Men were more willing to invest in speculative stocks that they believed would make money more quickly, but women preferred funds with a consistent record and diversified their investments, according to Warwick Business School’s 2018 study of 2,800 British men and women. The result of women’s more deliberative approach: Their returns were nearly 2 per cent higher than that of men’s, Warwick found.

As women accumulate more wealth, they are also challenging traditional notions of philanthropy. In the US, 93 per cent of high-net worth women gave money to charitable causes, compared with 87 per cent of men, according to the 2018 US Trust Study of High Net Worth Philanthropy.

Whereas donations used to be attributed to their husbands or made anonymously, women are becoming more visible on the philanthropic scene as they carve their own identities as a philanthropist, as seen in the case of Mrs Melinda Gates and Ms Priscilla Chan.

Women are also more inclined to give collectively and this has led to a proliferation of giving circles, where donors pool and decide together the allocation of proceeds. They also prefer to give to causes supporting girls and women, which they feel is most effective in addressing other societal issues, the Trust Study found.

Pre-Covid-19, the World Economic Forum estimated it would take 257 years to close the gender gap. Even as the world continues to grapple with the crisis, it is even more paramount now to take a gender lens in socio-economic policies with women playing a pivotal role in the post-pandemic economic recovery.

Trina Liang-Lin is Singapore’s newly appointed representative to the Group of Twenty for Women’s Economic Representation. She is past president of UN Women Singapore and the Financial Women’s Association, past vice-president of the Singapore Council of Women’s Organisations and past co-chair of BoardAgender.

Trina serves on the Board of the Community Foundation of Singapore since 1 September 2018.

Credit: The Straits Times © Singapore Press Holdings Limited. Permission required for reproduction.

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News

CFS welcomes new Chairman Christine Ong, succeeding Laurence Lien

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(From left) Catherine Loh, Christine Ong and Laurence Lien.

The Community Foundation of Singapore (CFS) welcomes new Chairman Christine Ong on 1 April 2019, succeeding outgoing Chairman Laurence Lien. The handover was announced at the CFS Philanthropy Forum 2019 held on 18 March.

Signalling a new phase for CFS as the organisation looks to the future, Christine brings extensive experience spanning 30 years from the banking and finance industry, with key leadership positions in Citibank and UBS. She has long been involved in volunteering and mentoring in community regeneration, education and the arts. At UBS, she started a community affairs programme which raised $3 million to support various causes around the region including educating disadvantaged young people in East Java and saving children from being used as drug mules in the Mekong sub-region.

Christine is a current board member of Focus on the Family. She most recently served as Chairman of Arts House Limited and was previously on the board of The Esplanade Co Ltd (2015–2018).

Said Christine, “It is an honour for me to step into Laurence’s giant shoes at CFS. Laurence has not only built a successful organisation but his inclusive leadership has helped forge strong relationships with donors, partners and stakeholders.I am grateful for the opportunity to lead CFS which, over the years, has transformed how philanthropy is approached. As the organisation evolves to respond to an increasingly complex social landscape, I shall continue to build on the trust and meaningful relationships established between donors and charity partners to inspire even more giving and lead CFS into the next decade.”

Laurence was a founding director of CFS when it was launched in 2009, acting CEO from 2009–2013, and has served as its Chairman since 2013. He has been instrumental in introducing the concept of community philanthropy through donor advised funds to Singapore. He played a significant role in helping CFS grow to achieve 126 funds, raising over $134 million and disbursing over $71 million to over 400 charitable organisations in Singapore.

CFS CEO Catherine Loh remarked, “Under Laurence’s strategic leadership, CFS has grown tremendously and established itself as an organisation well-regarded for its community knowledge, professionalism and strategic approach to giving.”

Reflecting on his ten-year tenure at CFS, Laurence said, “When you start a venture in the non-profit sector, you don’t own anything. The rewards are not material but instead a personal satisfaction that comes from knowing you made a difference.”

He cited CFS’s phenomenal four-fold growth in 2018 as a fitting time for his departure, “CFS is really at an inflection point and it is a good time to leave on a high note. I am confident that with a good board and team already in place, and an experienced hand taking over as Chair, CFS will grow from strength to strength, and become a landmark in Singapore’s giving landscape.”

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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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News

S’pore couple plan to leave money to charity after their death in new campaign to promote legacy giving

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SINGAPORE – It was their son’s degenerative eye disease that set ophthalmologist Dr Audrey Looi and her neurosurgeon husband Dr Ang Beng Ti on the path of philanthropy.

The couple were devastated around a decade ago to find out that James, now 19, suffers from Stargardt’s which causes progressive vision loss, when he was in primary school.

To make matters worse, there was a serious lack of programmes then to support children with low vision in their educational and other needs, Dr Ang, 51, said.

In 2011, the couple set up the charity iC2 PrepHouse, which teaches children with low vision the skills to cope with daily life and supports them to remain in mainstream schools.

They now plan to leave $200,000 or more in their wills to set up an endowment fund to support the iC2 PrepHouse’s work and to fund scholarships for needy undergraduates of the Singapore Management University (SMU).

James is now a business undergraduate at the SMU. The Angs have two other children, aged 13 and 21.

Dr Looi, 50, said: “So instead of giving it (our wealth) all to our children, we have started thinking about putting aside a part of it for charity. I think we have to be a little less self-focused and to give back to society.

“We told our children that they can contribute to the fund (in future). And I would like to think that our kids can manage without this sum we are giving to charity.

“Long after we are gone, we have this charity that continues to provide help for children with low vision. iC2 PrepHouse is our family legacy.”

The couple are among the donors fronting the “A Greater Gift” campaign in a three-month drive to promote legacy giving that was launched on Tuesday (Nov 24) morning.

The campaign was started by the Community Foundation of Singapore (CFS), a charity which promotes philanthropy here.

Legacy giving is broadly defined as future donations to charity, such as in the form of leaving money or property to charitable causes after one’s death.

Ms Catherine Loh, chief executive of the CFS, said the charity has seen more interest in legacy giving in the past few years, by people from different demographic groups including singles and married couples without children.

However, she added that Singaporeans’ interest in legacy giving lags behind Western societies, noting that it is taboo in Asian cultures to talk about death and even writing wills.

She said it is changing though.

“People think that legacy giving is only for the very rich. But we want to tell people, nothing is too small. We want to change this concept that it’s only for the very rich.

“Another thing people think is that if they give a legacy gift, their children will not have anything. We want to say it’s not an either-or (situation) and they can consider leaving a part of it (their wealth) to charity,” added Ms Loh.

While there are the uber rich who are leaving millions to charity after their death, some charities have also received as little as $10,000 from a person’s estate, she said.

The CFS will provide resources to help charities engage their donors on legacy giving, among its efforts to boost this form of philanthropy here.

Besides the Angs, the other donors who are part of the campaign include MP and lawyer Nadia Ahmad Samdin, 30, and venture capitalist Hian Goh, 46.

In their campaign video, Ms Nadia said she went to school with the help of financial assistance and now wants to help at-risk young people, while Mr Goh wants to create opportunities for innovators to reach their full potential.

Mr Goh is a co-founder of the Asian Food Channel, a pay-television channel now known as the Asian Food Network.

Source: The Straits Times

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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
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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.

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