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Business Times: The beauty of giving to those you do not know
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Business Times: The beauty of giving to those you do not know

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A snapshot of a newspaper Business Times: The beauty of giving to those you don't know

Govind Bommi, 71, is well known to regulars at the Metta Day Rehabilitation Centre for the Elderly.

The businessman and philanthropist spends his Thursday mornings volunteering at the Tampines centre, befriending seniors who are there to receive physiotherapy or other forms of rehabilitative care after conditions such as a stroke, Parkinson’s or arthritis.

He does not speak Mandarin or any of the Chinese dialects that most of the regulars are most comfortable with. But that’s been no barrier to friendship.

“You hold their hand, and usually offer the hand that they can use, as some are stroke patients. It’s all about connecting,” says Mr Bommi, a Singapore permanent resident and naturalised US citizen.

One might think this began with his decision to set up a charity fund in Singapore, after spending 20 years here. But Mr Bommi would tell you that seeds were sown far earlier in his childhood, by his mother’s selfless giving to people she did not know.

A mother’s influence
“We didn’t have much when we were growing up… it was hand-to-mouth,” says Mr Bommi, originally from Bangalore, India. All five children shared a small bedroom, and the family lived off their father’s hard-earned income. “Yet, whatever we had, we shared.”

He wasn’t speaking merely of siblings sharing. Beggars would knock at their doors each evening, and his mother, Andal, always found something to give. “It was not leftovers. Even though we didn’t have much, she would cook and keep some aside because she knew that they would come ask for food,” he recalls.

His mother’s largeness of heart only grew with time.

Once, as a grown man in his 40s, Mr Bommi made his annual trip back to India to visit his then 75-year-old mother. One of the first things she said? She had told a young man with a terrible skin problem, boils all over his face, to come see her son, and Mr Bommi was to take him to his doctor friends.

“I asked her, ‘Who is he? How do you know him?” And she just looked at me and said, “I don’t know. Do you have to know who he is, to help him?” That really struck a chord,” says Mr Bommi.

“When you want to help, helping someone you know is easier to do. My son, my child, my niece, my friend, my neighbour – when you have a “my” attached to anything, it is easier. It’s an extension of you, it’s easier to give. Now, to give to somebody that you do not know – that’s what my mother talked about.”

Mr Bommi himself has been on the receiving end of strangers’ kindness and giving too.

Arriving in the US as a 21-year-old, on money borrowed from a friend, Mr Bommi knew no one. Through those early months of adjusting to life in a foreign land and navigating the stress of changing schools and moving, he found some solace each night in lighting up a little prayer lamp his mother had given him.

A rough settling-in was made smoother by strangers who helped, says Mr Bommi. There was the Jesuit priest who helped him find accommodation, and then the Canadian-French family whose home he eventually lived in, among others.

These experiences led him to believe that most people are compassionate. “You see someone not well, hurt, the human instinct would be to go help. Thought manifests itself into words. Further on, the words manifest into actions… Most people will have the thought, but for whatever reason, it’s not shown.”

Taking action
Mr Bommi is not one to just let a thought be.

2015 marked his twentieth year in Singapore. He had arrived in Singapore as an expat, posted by his American company to be a regional director here. But when his term was up, he decided to stay on, started his own water filtration and purification business, and married a Singaporean.

Singapore is now home to him, he says. “I thought: now that I’ve settled down in Singapore, I wanted to do some charity work here.”

He had already set up a charitable foundation in India, Andal Cares, named for his mother. “All the blessings that we have – good health, good family, good wealth – all of that, we have to share…. We are only temporary keepers of this wealth – we have to share it. It’s been given to us for a purpose, to share.”

And so, he told his lawyer, he wanted to do the same here. But, he soon realised that it would take considerable time and resources to set a foundation up, find the right people to run it, meet governance requirements, and handle the administrative work involved. His lawyer pointed him to the Community Foundation of Singapore (CFS), as an option that could provide charitable fund management and philanthropy advice.

Given his desire to support eldercare services, CFS staff took him to visit nursing homes and rehabilitation centres to give him a better appreciation of Singapore’s eldercare landscape. Which is how he first discovered the work of Metta Day Rehabilitation Centre.

“Through the visits, I got a clearer idea of the different types and needs of eldercare support here. CFS helped to build on my interests, and hone in on the causes and impact I want to make, so that I could find a focus for my giving,” he said.

In March 2016, Mr Bommi started the Andal Cares Fund with S$250,000, under CFS, to support the Metta centre. He has since pledged to raise that sum to a seven-figure amount over several years.

Getting to know those you help
“CFS did an excellent job of setting up and managing my charitable fund, taking care of all the ground work for me – from evaluating programmes, conducting due diligence and disbursing grants, to reporting on impact. That’s a big relief for me as it frees up my time to concentrate on my volunteer work with the community,” says Mr Bommi.

His people-centred approach of giving also led Mr Bommi to support, through CFS, a pilot programme by Metta Welfare Association called “We are Bonded”. The programme introduces young befrienders to elderly persons, with the aim of building emotional bonds and enhancing well-being, while studying the benefits of inter-generational bonding.

“From my volunteer work with Metta, I observed that even though seniors are being physically rehabilitated, many of them experience loneliness or isolation and are emotionally withdrawn. Through this programme, we hope that we will be able to better understand and tackle the emotional issues of an ageing population.”

Because as much as he believes in the value of giving to those whom you don’t know, he also believes in getting to know the ones receiving his gifts.

Source: Business Times © Singapore Press Holdings Limited. Permission required for reproduction.

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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

International Women’s Forum Singapore: Guiding Young Women towards Achieving their Dreams

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Education is a powerful social leveller, and the youngest Nobel Peace laureate in the world Malala Yousafzai will readily attest to that. In fact, it is her life’s mission to make sure young girls and women all over the world are lifted out of poverty through receiving equal access to an education. For women all over the world, Malala is celebrated as a champion of women’s rights and is recognised for her immense achievements in the face of overwhelming adversity.

The International Women’s Forum (IWF) Singapore Education Grant took a feather out of Malala’s hat when it was established in 2014 – to support women of all backgrounds to receive proper education and mentorship.

The Community Foundation of Singapore (CFS) supports this ideal through managing the IWF Education Grant, as it makes a difference by providing upward social mobility for young women who possess grit, empathy and a strong determination to excel in their field of study.

Like Malala, the IWF believes in nurturing the next generation of women through providing education and mentorship. Since the Education Grant’s inception in 2014, IWF Singapore has awarded grants to 68 young women from 13 tertiary institutions in Singapore. These young women are usually students between the ages of 17 to 35 who are applying for a diploma or degree to local polytechnics or universities, and are at risk of dropping out of school due to financial constraints.

So far, it has been a humbling experience for the IWF to support such young women from financially-challenged backgrounds in their quest for higher education and to achieve their dreams. Like a proud parent, the IWF marvels at how far they have come in their journey to find passion and confidence in spite of their considerable personal challenges.

Providing a Guiding Hand

However, it is not all about providing good education through financial support. The IWF Education Grant seeks also to equip these young women with life skills and guidance on career choices, in hopes that they will broaden their horizons and become emboldened to soar in their endeavours.

Through collaboration with the Young Women’s Leadership Connection (YWLC), a mentorship programme was formed under the leadership of Mrs Arfat Selvam, Managing Director of law firm Duane Morris and Selvam LLP.

Although IWF Singapore expects that the students they support have reasonable academic results, there is a far greater emphasis on young women with a strong track record of voluntary social contributions and a high degree of social empathy.

Many of these young women have expressed their heartfelt gratitude for the support from the grant towards their tenuous financial circumstances and want to do their best to contribute back to society. At the same time, they harbour hopes to pursue a better future for themselves and to create a lasting impact with the choices they make. Perhaps one day, these young women will be able to rise up and achieve their dreams, just like Malala Yousafzai.

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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

Fresh off the press

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Annual report 2018
In financial year 2018, CFS received a total of $9.7 million in donations. We disbursed $12.4 million worth of grants to 186 charitable organisations supporting various causes. This year’s annual report also showcases CFS’s latest donor advised funds, grantmaking highlights, collaborative giving initiatives and recent events.
Download your copy here.

A Call for Collaborative Giving
This first Colabs publication – a collaboration between CFS and NVPC – sheds light on the challenges disadvantaged young persons face at home, and the impact of the family environment on educational attainment and social mobility. The guide offers suggestions on collaborative action to help givers close the gap for these individuals.
Download your copy 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

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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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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.

News

CFS is 3rd largest philanthropic foundation in Singapore

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They were immigrants who became titans of industry and philanthropists in their own right. Now the legacies endowed by and named for some of Singapore’s richest tycoons – the Lee, Lien and Shaw foundations – continue to be some of the biggest givers to charity here.

All three were among Singapore’s 10 largest philanthropic foundations, according to a report released last month.

The report found that the 10 spent a total of $189 million in their latest financial year to support a range of causes, from community service to education, to disaster relief.

The study by Soristic Impact Collective, a consultancy firm, said the Lee Foundation, founded by the late rubber tycoon Lee Kong Chian in 1952, topped the list.

In its latest financial year, it spent $52.8 million, of which $52 million was given out in grants and donations.

The Lee Foundation is said to give to a wide variety of causes, including education, healthcare and social services.

Temasek Foundation Innovates, one of six Temasek foundations, was second on the list. In its latest financial year, it had an annual expenditure of $29.2 million, of which $28.6 million was given out in grants and donations, according to the report.

Taking third place was the Community Foundation of Singapore, which spent $23.3 million in its latest financial year. Of the sum, $20.2 million was given out in grants and donations.

Donors pledge at least $200,000 to set up a fund with the foundation, which then manages the money, advises donors on various needs in the community and disburses the funds according to the donors’ wishes.

Ms Pauline Tan, principal consultant of Soristic Impact Collective, said the study is the first to rank philanthropic foundations in Singapore by expenditure.

Ms Tan said that countries like the United States and Britain have reports that rank their top philanthropic foundations, but there was no such research in Singapore.

She said: “Thus, we took on the challenge to work on gathering data to bring more transparency into this sector.

“The research will also be useful for charities in Singapore who can potentially use it to know which philanthropic foundations they can approach for funding.”

The consultancy scoured the annual reports and other public documents of foundations registered as charities with the Commissioner of Charities.

It found 91 philanthropic foundations whose work was funded by the founders’ personal wealth or by donations made by the company that set up the foundation.

Among the 91 foundations, 55 were set up by individuals or families and 20 were started by companies. The rest include other set-ups like The Hokkien Foundation and the Community Foundation of Singapore.

About a third of the 91 foundations spent at least $1 million in their latest financial year – this could be from 2018 to last year, depending on the foundation. The rest of the foundations spent less than $1 million.

Ms Tan said the foundations’ expenditure included grants and donations as well as manpower costs and other expenses to carry out the philanthropic work.

The report stated: “Philanthropic giving through foundations is set to grow as more wealthy individuals and companies set up foundations.

“Hence, the influence and role of philanthropic foundations in addressing needs in the community is set to grow.”

To make an impact with your giving, read more here.

This article was originally published in The Straits Times here. Source: The Straits Times © Singapore Press Holdings Limited. Permission required for reproduction.

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Opinion

How Donor-Advised Funds (DAFs) present an innovative and structured solution to Singapore’s philanthropic landscape

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A history of giving in Singapore and its philanthropic landscape

Philanthropy has seen an evolution over the years, which saw a corresponding increase in family support services due to the development of more HDBs to house our growing population.

As the philanthropic landscape developed and progressed, there was a more targeted response in the 90s by philanthropists seeking to fill in the gaps in philanthropy and wanting to have more of a say in order to shake up the system.

As a result, CFS was founded to promote philanthropy, seeing as philanthropists were stepping up and starting family foundations, and how Singapore has a very active philanthropy landscape in spite of its size.

To date, the current number of charities in Singapore stands at over 2000. However, it was not only charities that received donations but also social enterprises and ground-up groups, especially during the Covid-19 period.

There are very stringent processes to achieve a charity status, charities in Singapore are generally well managed and of the 2000 charities, 600 have attained an IPC status.

“Singaporeans have also been extremely generous thus far, and gave a total of 1.9 billion in 2019. This generosity is an important focal point, as there is an onus and more incentives for charities to work directly with philanthropists and givers to come up with new and innovative programmes,” says Catherine, CEO of CFS.

Donor-Advised Funds (DAFs) and CFS’s role as a community foundation in Singapore

CFS’s role as a community foundation in the philanthropic ecosystem is to enable philanthropy, foster giving and promote values such as the Legacy Giving Initiative (LGI). The LGI is a concept that anyone in Singapore, regardless of status and wealth, can leave a legacy by giving to a cause close to their heart.

As philanthropy continues to evolve, donors have become more discerning and want to know how the impact of their philanthropy is measured.

There is also a need for philanthropy in Singapore despite it being a wealthy city state, as there is still relative poverty and thus a need to uplift every segment of the nation. There are key issues that need support and funding in Singapore, three areas of which are our rapidly aging society, social income inequality, and inclusivity and sustainability; where people with disabilities and environmental issues need support.

CFS is also seeing an increase in international donors in Singapore, which could be Singaporeans looking to expand their overseas businesses in Singapore, or foreigners setting up family offices in Singapore.

By partnering with CFS, a donor can establish a named donor-advised fund (DAF), a modern philanthropy tool.

A DAF is a simple and cost-effective way to support a wide range of charities in Singapore. CFS will handle the fund administration and provide philanthropy advice to ensure that our donor’s giving makes a strategic impact to the causes that our donors support. 

With a DAF, donors can enjoy upfront tax deductions in Singapore at the prevailing tax deduction rate1 on eligible donations.

1Subject to IRAS regulations. 

How to get started? 

DAFs can be set up by an individual, a beneficiary of a will, a trust, or by a family office. 

CFS philanthropy advisors will inquire about the donor’s interests and leveraging on deep understanding of local issues and extensive network, CFS has unparalleled insight into Singapore’s charitable landscape and community needs to translate the donor’s interests and goals into a defined plan.

CFS handles all the administration required in managing the DAF, donors will save on legal expenses and enjoy tax deductions upfront. Donors will also receive regular statements tracking incoming donations to the DAF and outgoing disbursements to charities.

CEO Catherine Loh gives a WMI-GFO Circle Impact Masterclass on CFS’s role in philanthropy in Singapore 

CFS’s CEO Catherine Loh was invited as a guest speaker and part of the panel to speak about CFS and philanthropy in a WMI-GFO Circle Impact Masterclass webinar organised by the Wealth Management Institute (WMI) titled ‘Global Giving, Asian Innovation’.

The webinar’s aim is to address how philanthropy can support the greatest issues of our times, including issues stemming from ever-rising income inequality and climate change, to the health of our civil society and the pandemic.

The panel presentation hopes to empower family office principals, representatives and philanthropy advisors to help their clients achieve their philanthropic goals, and offer best practices, tips, and considerations for advisors serving philanthropists and their family offices.

If you would like to begin your giving journey with CFS, get in touch with us.

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