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

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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.

In a press release on Monday (May 23), Bank of Singapore stated that the partnership comes at an “opportune time” as philanthropic activities amongst ultra-high and high net worth individuals are on the rise. 

Headquartered in Singapore, the bank serves high net worth individuals and wealthy families markets of Southeast Asia, Greater China, Philippines, India Sub-Continent and other international markets. 

Based on statistics from Knight Frank, 54 per cent of global family offices, a strategic client segment that the bank is focused on building, were increasing their philanthropic activity in 2021. 

Bahren Shaari, chief executive officer of Bank of Singapore, believes that CFS’ expertise and insights into Singapore’s charitable landscape will help the bank’s clients to map out charitable-giving goals that align with their values and ambitions.

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

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News

The Straits Times: The ST Guide To… giving to charity

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For those with fatter wallets and who hope to create a greater impact with their gift, they can even consider setting up a charitable fund to give to causes close to their hearts.

For example, the Community Foundation of Singapore (CFS), a non-profit group, helps donors find a more structured and sustainable way of giving by providing advice and managing their charitable fund.

To set up a named charitable fund in the CFS, where the donor decides on the fund’s name and the causes to give to, donors must pledge at least $200,000.

For those with slimmer bank accounts, there is no minimum sum to give if they want to donate directly to the Community Impact Funds that have been set up by the CFS to support lesser known causes, such as helping migrant workers in distress and taking home-bound seniors on outings. Read more.

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Stories Of Impact

Giving back through art

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Woman standing next to a large flower painting.

When Lebanese painter Marie-jose Jed was looking to adopt a charity for her art exhibition, a chance conversation with a friend turned into an opportunity to collaborate with the Community Foundation of Singapore (CFS).

Having lived in Singapore since 2008, Marie-jose believes in giving back to the place she now calls home. “Singapore has given me so much. The least I can do is to give back in any way I can,” she said.

Imbued with a strong sense of social consciousness, the self-taught artist has also volunteered with the Red Cross in Lebanon, participated in charity auctions and collaborated with Deutsche Bank for their Dream Beyond charity programme in Singapore.

In seeking out a potential charity to collaborate with, CFS attracted her due to its understanding of community needs. “I love the fact that CFS is so diverse – that CFS doesn’t work with just one kind of charity but covers many needs,” said Marie-jose.

Reflecting her travels, memories and passion for the region, in late 2019, Marie-jose exhibited a collection of paintings, Symbols of Asia, featuring numerous iconic symbols found across Asia at the Fullerton Hotel, Singapore.

While discussing possible beneficiaries for her exhibition proceeds, CFS’s Outing for Seniors Community Impact Fund emerged as an appropriate fit – marrying Marie-jose’s artistic background and benefiting local communities through art.

10% of exhibition proceeds will go towards the Outing for Seniors Fund. The fund enables seniors and their caregivers to visit places around Singapore, including museums and other places of beauty such as Gardens by the Bay.

On giving back as a way of life, Marie-jose said, “I live life with a tiny objective. Every year, I look back and ask myself what I have done to make a difference to the lives of others. If every person lived with tiny habit, I believe the world will be a better place.”

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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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Events

Celebrating a decade of inspiring and enabling philanthropy in Singapore

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

After months of anticipation, CFS’s year-long 10th anniversary celebrations came to a high point on 5 September 2018 at a gala event held at The Arts House. Guest of honour, Minister for Culture, Community and Youth Grace Fu, and 120 guests including donors, charities and other partners, came together to commemorate this major milestone in CFS’s history.

In her keynote speech, Minister Fu reflected on philanthropy’s important role in Singapore’s history and its continued relevance in building a culture of care. She thanked CFS for “its excellent work in raising funds and giving out grants, as well as in inspiring and enabling giving in Singapore” and that “as Singapore’s only community foundation, CFS plays an important role as a bridge builder between local communities and the larger charitable ecosystem.”

CEO Catherine Loh spoke of how CFS had “much to prove” when she joined six years ago, but that’s she proud to see CFS having a much wider reach in the public sphere today. “The entrance of a community foundation like CFS has transformed how philanthropy is approached,” she remarked, signaling future plans to grow legacy giving, collaboration and impact.

Outgoing chairman Laurence Lien took the occasion to leave CFS with an audacious goal – to raise $1 billion in our donor funds at some point in the future. He expressed, “We count on you present today, to continue journeying with us, to grow this community of givers. We all are part owners of CFS because we are all the part of the Singapore community.”

Guests were also treated to a violin performance by Joey Lau, winner of the Goh Soon Tioe Centenary Award 2017, a fund managed by CFS.

Amidst dinner and cocktails, the mood was buoyant, as many offered their enthusiastic congratulation. “It’s fantastic to see tonight that the achievements of CFS get celebrated,” said Sebastien Lamy, Director of Keppel Corporation and CFS board member. “I look forward to an even stronger partnership with CFS moving forward,” remarked Tui Jurn Mun, Republic Polytechnic.

The evening ended on a jubilant note as we savoured, shared and reflected on an amazing journey over the last decade. Here’s to the next 10 years of giving!

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

Relaxed Fund – helping SAAC clients through horticulture

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Group examining flora in a garden setting.

CFS donor George Jacobs, who created the Relaxed Fund, advocates a vegan lifestyle. Promoting horticulture is his way of championing this, while at the same time helping the clients at the St Andrews Autism Centre (SAAC).

He has funded three Edible Community Gardens (ECG) through the Relaxed Fund: one at SAAC, one at Metta Welfare Association, and one at the Animal Concerns Research & Education Society (ACRES).

The ECG is a unique programme as it involves multiple parties, including the community, and meets both social and environmental needs.

CFS and George visited the ECG at SAAC late last year. The grant from the Relaxed Fund has supported eight planter boxes in two locations at SAAC. The crops grown include: tomatoes, chilli padi, mint, lemon balm, thai basil, rosemary, mosquito plant, xiao bai chai, kang kong, kai lan and brinjal.

The vegetables have been harvested on a quarterly basis while the herbs are harvested as and when there are requests for them. It was also an opportunity for the donor to meet some clients, parents and a community volunteer, and to receive affirmation from them.

“My wife and I wanted to encourage people to eat more plant-based foods, as these foods boost human health and address global warming issues,” said George. “The reason behind the ECG was to give them a sense of vested ownership. If they grow the fruits and vegetables, they may be more likely to eat them. This programme at SAAC also supports the Singaporean government’s 30 by 30 vision, which is to produce 30% of our own food (up from 10% currently) by 2030.

I am very pleased with the great results of the SAAC Community Garden and would like to credit the parents of the clients as well as the community who have all been a supportive part of this amazing effort,” said George.

SAAC currently has about 66 clients altogether. Twenty two of them are on the horticulture programme, although some of the other clients help out on occasions.

Chloe Phua, Senior Coach for Horticulture at SACC, said there have been huge improvements in the clients: “At the start of the programme, they would only do watering and simple weeding, as they used to do for other plants in the premises. Many had tantrums due to the exposure to heat and extreme aversion to dirt. However, the routine of the chores helped them to adjust to the gardening. Now, with very little prompting, the clients are familiar with various stages of the gardening process, from germination through to harvesting. They have also built up their tolerance levels, being able to go through a quarter hour of gardening before washing their hands at a break.”

She added that, overall, the gardening has helped to improve the social skills and capabilities of the clients, who are now able to do gardening together and even go out to the community to deliver their produce.

It was Rosa Quitadamo, a resident of the nearby Villa Marina Condominium, who bridged the gap between SAAC and Villa Marina. Having started her own community garden within the condominium, she had suggested that SAAC sell the produce from their garden to residents in Villa Marina.

Rosa said: ‘’By selling the vegetables they have grown, it gives the clients a sense of value in their gardening. It also raises awareness of autism within the community in a very personal way.’’

Not only that, it instils a sense of pride and responsibility in the clients who work in the ECG. Aloysius has been gardening at SAAC for 18 months, and he is proud to bring vegetables home for his aunt to cook in a soup or for his family to eat with rice.

‘’I enjoy gardening here,’’ he said, with a glowing sense of ownership of his part in the ECG. ‘’I like the watering and the soil preparation,’’ he added, before going on to describe the latter in great detail.

Even the parents of clients who work in the ECG were full of praises for the programme. Aunty Chin and Uncle Joo, parents of client Dwayne Goh, were impressed and amazed by their son’s progress.

Said Aunty Chin, “Dwayne used to be so scared of getting dirty but now, trained by the coaches and regular gardening, he can plant seeds and even do weeding.  I have seen a lot of improvement in Dwayne because of the gardening and am thankful for the support from the donor.”

“Many people with autism connect better through their senses. Gardening speaks to them as it involves many senses, like smell and sight. It has even changed my wife’s diet! She actually doesn’t really like vegetables but because Dwayne brings back what he has grown, she will eat them! I prefer to get the vegetables from here because it is fresher and they don’t use pesticides,’’ added Uncle Joo.

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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