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[Webinar] Facilitating Philanthropy: Taxation, Structures and Legacy Giving
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Events

[Webinar] Facilitating Philanthropy: Taxation, Structures and Legacy Giving

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We would like to give a big thank you to the Law Society of Singapore and the Singapore Management University’s Centre for Commercial Law in Asia for inviting our CEO, Ms Catherine Loh, to be a part of the panel for the Facilitating Philanthropy: Taxation, Structures and Legacy Giving webinar. 

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Opinion

Sustainable Philanthropy Matters: The History of Caring and Charity

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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.

Believe it or not, philanthropy and sustainability are concepts that have been around for millennia. Our forefathers understood the need for charity and living with the future in mind long before we had frameworks and modern models for them.

Examining the Roots of Giving

Although the word philanthropy, or philanthropia as the ancient Greeks called it, first emerged about 7000 years ago, it meant a love for one’s fellow people, not so much the donation of drachmas.

In fact, it was not until about 5000 years later, as described in the Bible, that a form of community where those who shared what they had with those who had not really began. Although some may argue that this was communism, not charity; however, this was an early record of giving resources to help those in need. While the term sustainability seems like a pretty modern buzzword, elements of this actually existed 3,000 years ago. It was discovered that humans in the late Neolithic period had developed a method of sustainably obtaining their firewood, avoiding deforestation and ensuring they would always have a way to keep warm (Dufraisse, 2008, pp199-210).

This could be said to be the distant ancestor of the 1713 Principle of Saxony formulated by Hans Carl von Carlowitz. His forestry treatise discussed the “continuously enduring and sustainable use” of the forest for wood (World Ocean Review, 2015).

Philanthropy in the Present

Giving to others has continued to exist till today, expanding from religious origins to permeate many facets of society. Tithes still exist but now one can donate through the Government or via non-profit and voluntary welfare organisations. The range of beneficiaries has also expanded, with those in need ranging from children and people with disabilities to isolated seniors, ex-offenders and so much more. The underlying commonality is that they are almost always in financial need of some sort. And it is the act of giving a monetary donation to support these beneficiaries that is the philanthropy we have come to know today.

However, evidence of financial contributions towards the environment only came along in the middle of the 20th century. It began in 1941, to be exact, with Rockefeller funding conservation activities across the United States, amongst his numerous other philanthropic efforts (Rockefeller Brothers Fund, 2022). And it was only seven years after that that the International Union for Conservation of Nature—the oldest environmental organisation in the world, mind you—was only established on 5 October 1948.

The Purpose of Philanthropy and Planning Ahead

For those who give, whether to social or environmental causes, there is a variety of reasons as to why we do so: a sense of obligation, concern over a particular issue, a desire to see a better future and, yes, even tax relief. It is alright to be pragmatic!

However, giving towards social causes has a deep-seated, almost unconscious need to grow the community. From ancient times, we humans have understood the strength in numbers, which is why we formed communities, or tribes as they were called back then.  

However, in banding together, there was an inevitable strain on resources. This created the need to be responsible for how we consumed our natural resources and, in a larger sense, be mindful of how our actions impacted the environment.

Charity + Conservation = Sustainability

Without the ever-present danger of a larger tribe taking over our own, or at least not in Singapore, there is little direct and personal benefit to us as a donor, apart from tax deduction and a sense of well-being.

We give simply because we care. That is the link between the two.

Whether it is towards social or environmental causes, community or green philanthropy, our contributions show that we care for others. It could be for the present, through financial assistance for daily living for instance, or for future generations, through conservation efforts. Because, after all, the children of our children will need a liveable world in which to grow up.

It can be a little daunting, given the sheer range of needs that society faces today, to consider also the needs of those who have not yet been born.

Leave a Legacy

Thankfully, the world (and its needs) does not rest on one’s shoulders alone. With years of experience in studying philanthropic trends and working to understand the needs of the community and environment, The Community Foundation of Singapore (CFS) can help you add your footprint to humankind’s long and ongoing journey of giving.

We value the creation of positive impact while keeping in mind the bigger picture of how the contribution will create sustained change.

At CFS, we steward our donors, through their funds, to make their mark on our community and our planet. Whether they contribute today or over the years, it will be their legacy. To find out how you can leave your legacy for tomorrow, please visit here.

To learn more about CFS’s Corporate Sustainability efforts, please read more 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. Alexa Dufraisse. (2008). Firewood management and woodland exploitation during the late Neolithic at Lac de Chalain (Jura, France). Vegetation History and Archaeobotany 17(2).
  2. World Ocean Review 4. (2015). Sustainable Use of Our Oceans – Making Ideas Work. https://worldoceanreview.com/en/wor-4/concepts-for-a-better-world/what-is-sustainability/
  3. Rockefeller Brothers Fund. (Accessed 2022). Conservation and the Environmenthttps://www.rbf.org/about/about-us/conservation-and-environment
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News

Campaign Brief Asia: Community Foundation of Singapore partners with DDB Group to inspire philanthropy

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"My Cho Cho Ma She started our family's journey of giving" Keith Chua

DDB Group Singapore has lent a helping hand to the Community Foundation of Singapore (CFS) to develop an integrated marketing communications campaign to raise awareness for the philanthropic organisation among individual and corporate donors. The appointment and campaign coincide with the 10th anniversary celebration of CFS this year. Founded in 2008, CFS matches donors with philanthropic causes to drive positive change and create a lasting impact within communities.

“It’s a pleasure to partner an organisation like CFS – a hugely dedicated group of people working hard to enhance the lives of Singaporeans,” said Neil Johnson, Creative Chairman, DDB Group Singapore. “The campaign is rooted in our belief that true acts of giving is a culmination of life experiences, lessons and reflection.”

A multimedia combination of video, digital, and print initiatives, the campaign titled ‘Portraits of generosity‘ features five donor stories, each sharing the motivation behind their decision to give, and why they chose CFS to manage their giving and achieve their goals in helping others. The DDB campaign sets out to inspire the same generosity in others and build a culture of giving in Singapore.

“DDB has done a wonderful job of creating a very relatable and engaging campaign,” said Yuen Yee Foong, Head of Marketing at CFS. “We are grateful to our donors for stepping up to tell their stories and hope that through these first-hand accounts of giving, others will realise that they too, have it in them to open their hearts and give back,” she added.

Since its launch in 2008, CFS has received over S$100 million in donations, set up more than 110 charitable funds, and given out S$60 million in grants in collaboration with over 400 charities supporting programmes that impact diverse communities. Donors are required to pledge a minimum of S$200,000 to establish a fund which can support charities and preferred causes across the sectors in Singapore.

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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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Stories Of Impact

Outing for Seniors Community Impact Fund – Bringing seniors out to improve their well-being

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Two female individuals can be seen in the picture, both dressed in red shirts and holding a volleyball ball.

Social interaction is critical, especially in one’s later years, as it generates a sense of belonging and well-being. The Outing for Seniors Community Impact Fund was started by Mr and Mrs William Bird in 2009 to enable seniors with medical conditions or mobility challenges to enjoy being out and hopefully reduce their sense of social isolation.

Through the Community Foundation of Singapore (CFS), the Birds had visited some beneficiaries and found it a “humbling and enlightening experience”. “From our visits, we realised how little contact many of these seniors had with the outside world because of their medical conditions or immobility, or in some cases the total absence of any attention from family members of friends. Their loneliness and quiet despair were palpable.”

Managed by CFS, the fund enables charitable organisations to bring frail seniors – many wheelchair bound – on regular, organised excursions to attractions such as museums, Gardens by the Bay, the Singapore Flyer, River Safari or even supermarkets. The fund covers admission costs as well as transportation and refreshments and all residential care institutions are eligible to apply for it.

This initiative has since expanded from a donor advised fund to a community impact fund. Showcasing the power of collective action, the fund has brought over 15,000 seniors on more than 1,000 outings.

Outing for Seniors Community Impact Fund
Grant Application (April 2020 to March 2021)

The grant application for Outing for Seniors Community Impact Fund is now open. Interested parties are invited to apply for funding to organise outings for seniors living in residential care institutions. For information regarding the eligibility criteria and application process, please download the guidelines and application form.

Application for grant requests is now closed.

If you have any queries, please contact us at outing@cf.org.sg.

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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

A Call for Collaborative Giving: Closing the Gap for Disadvantaged Young Persons

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"A Call for Collaborative Giving" Graphic

The first Colabs publication discusses the challenges that disadvantaged young persons face at home, such as an unconducive family environment. It examines how these challenges impacted the young persons’ educational attainment and social mobility, and offers suggestions as to how givers could collaborate to close the gap for these individuals. The publication, based on the collective insights of over 100 participants who contributed during the series, can be downloaded 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

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”。

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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