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CEO Catherine Loh goes on MONEY FM 89.3 to speak about the Sayang Sayang Fund with Michelle Martin
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CEO Catherine Loh goes on MONEY FM 89.3 to speak about the Sayang Sayang Fund with Michelle Martin

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Financial management by Catherine Loh

Michelle: Let’s start with CFS and the work that it does. How does it support charities and why did the Community Foundation of Singapore (CFS) start the Sayang Sayang Fund?

Catherine: The Community Foundation of Singapore is also a charity. We were founded in 2008, and our main objective is to inspire philanthropy in Singapore. We do that by helping donors achieve a greater impact with their giving in communities through charitable funds. Donors can establish their own funds or if they wish, they could support one of the Community Impact Funds that we’ve started up.

The Sayang Sayang Fund is one of such Community Impact Funds. It was set up in response to the needs that arose from the COVID 19 pandemic. With our understanding of the needs on the ground, our network of community partners, government agencies, and charity partners, we were able to quickly see what the needs out there were and who needed help.

We thought that by setting up this Fund, it would be an effective way of garnering financial support from those who want to give and disburse it quickly to those in need. That’s why we started it.

Michelle: I understand the Fund aims to help healthcare workers on the frontlines and the vulnerable, and that the Sayang Sayang Fund has pledged some quarter of a million dollars in taxi vouchers to frontline staff of healthcare institutions. How close is the Fund to meeting that goal?

Catherine: I’m happy to say that thanks to the generosity of our donors that we have actually disbursed over $400,000 of taxi and transport vouchers to 129 public hospitals, polyclinics and community healthcare providers. For that I have to thank ComfortDelGro, Grab and Gojek for partnering with us. And I must say that when we started the Fund, our first objective was the welfare of the healthcare workers on the frontline supporting us.

It is only right that we provide them with some love and care, sayang them a bit; that’s how we started this Fund. That was the first project we were looking to do. But over time, when we raised the money, we reached out to the charities through grants calls to send over their funding requests to us, we found that there were lots of needs. In the first round of grants calls we received almost three million dollars in requests for funding, and that is why we decided to continue with the Fund to raise more money.

Michelle: Where are the urgent needs now Catherine, and how is CFS helping to plug these gaps?

Catherine: With the circuit breaker measures, the loss of work and everybody having to stay at home, I would say that almost everyone in Singapore is affected. So one of the very urgent needs that we are trying to address is really how to support the students that have to study from home, or ‘home based learning’.

Through our Recess@Home programme, we are very grateful that we have the partnership support of the Ministry of Education to quickly reach out to thousands of children who might need financial support. Because these students do get subsidies or free food when they are in school, now these students cannot go to school. We want to provide them with some financial support so at least there is some assurance that they do get their proper meals while they study at home. So that is one need.

We realise too that there are seniors that may be sick and are living alone at home and not getting their usual medical care and support. We would also love to set up an emergency fund for those community nurses or even volunteers who are still allowed to do house visits to provide these vulnerable seniors with any form of support that they might need. We understand that there are lots of groups out there that are already providing food and basic necessities. Community nurses could supply them with medicines, medical support, essentials or anything they might need while they are staying at home on their own.

Even young students from families that might need them to take on a part-time job to supplement the family income are no longer able to do so. We could provide them with financial support so they can focus on their studies and not drop out of school because of the worries of not being able to provide for their family. That is one thing that we would like to do as well. Of course, we also have a lot of foreign guests and workers who are falling sick and how can we help them.

Last but not least, back to our healthcare workers again. With the number of cases that they have to take care of, I think it is very important that they stay physically and mentally healthy so that stress doesn’t get to them. We do wish to be able to continue to support these workers with transport vouchers or even funding so their organisations can charter, say buses to send them home quickly after their long work shift.

Michelle: Given the number and the sheer variety of needs out there, how is the Fund approaching giving? I understand in your initial phase, CFS was seeking donations of a million and above. Right now is pretty much any help welcome?

Catherine: We do have a target of three million, and as we speak there are more needs surfacing, so I do think the Fund will continue to stay open as long as there are needs out there that need support. We do have a team of grant-makers out there to assess the situation.

We don’t work alone; we work with our partners like government agencies, NCSS (National Council of Social Service) and AIC (Agency of Integrated Care). We have our whole network of charity partners and we have our other funders who are active and even volunteer groups. We work with all these groups to gather all this information to see where and how the Sayang Sayang Fund can help.

Michelle: Is there a minimum of a million dollars to be able to donate?

Catherine: No, any amount is welcome. I must say that Singaporeans in general have been very generous because last week when many of us received the $600 of the Solidarity payment, many people have donated online in support of Sayang Sayang and also the other charities that happen to be fund-raising.

Michelle: Singaporeans are so generous, so lovely to hear that. Can you share a little bit of your estimate of how much you’re going to need to meet the evolving emergency needs you anticipate for the next couple of weeks?

Catherine: I do hope we can raise another one to two million dollars so that we can actually provide longer term targeted support. I think this pandemic is not going to go away by early June. The economy will only be slowly cranking up after that, so there will still be people who need support one way or the other.

Listen to the full interview here: https://omny.fm/shows/money-fm-893/influence-lending-a-helping-hand-during-covid-19

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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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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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Stories Of Impact

Seniors Colabs learning journey #1: Empower Ageing – mind over body for a better quality of life

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An image of a mature woman engaging in weightlifting exercises alongside a group of individuals.

Ageing isn’t something most people think positively about. Think of old age and most people – especially seniors themselves – would naturally fixate on the negatives. Yet for young charity Empower Ageing, it’s been changing entrenched mindsets with a series of innovative programmes and solutions – including a clarion call to seniors to ‘go for your mountain’.

On a learning journey for Seniors Colabs, representatives from various sectors joined Empower Ageing at Cornerstone Senior Centre in Cheng San. During the ice-breaking session, Colabs participants were challenged by Empower Ageing’s founder Isaiah Chng to reconsider their assumptions about old age. Instead of viewing old age as a time of disempowerment and frailty, can seniors be encouraged to think differently?

The morning kicked off with an exercise session conducted by Empower Ageing with over 40 seniors from the community. The session was intentionally crafted to build a sense of empowerment, with facilitators encouraging seniors to take active steps in maintaining their physical health. A lively sense of group camaraderie could be observed, as seniors gathered in groups to support each other in performing a series of exercises designed to enhance their strength and mobility. Designed with the concept of ‘reaxing’, the session featured exercise equipment that trains seniors to physically respond to unpredictable situations in daily life. At times, individual seniors would themselves take the intiative to teach fellow members and newcomers the exercise moves

During the discussions that followed, Colabs participants were impressed by the engagement levels of the seniors, many of whom attend the sessions five times per week. One key learning point for Colabs participants was the importance of collecting and tracking data, so that the seniors could see the tangible physical improvements from the exercise sessions. Another key learning point was the importance of how integrating positive mindsets about ageing helps seniors build confidence and motivation.

Colabs participants were also exposed to new models and concepts of empowering seniors in the community. These include integrating physical rehabilitation with the daily life and environment of the seniors, and the GYM challenge that inspires seniors to go beyond their physical limitations.

Ageing well is critically relevant to all of us – not just those who have already entered into their golden years. The Colabs learning journey empowered participants with a new concept of successful ageing, with a view of applying insights to their own organisations.

Colabs is a philanthropic initiative by the Community Foundation of Singapore and the National Volunteer and Philanthropy Centre. It drives collaboration by bringing together the public, private and social sectors to tackle complex social issues. It enables philanthropists, businesses, non-profits and sector experts to collectively build insights and co-create solutions for lasting change.

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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.

Opinion

Pragmatic reasons to engage In philanthropy

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Elderly man lying on grass with sign.

Educator George Jacobs became involved in philanthropy because he wanted to put his money where his mouth is. As someone who feels strongly about contributing to greater food security in Singapore, the passionate advocate for a vegan lifestyle established the Relaxed Fund to promote horticulture in the little red dot.

“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. One way to convince people to change their diets is to immerse them in growing greens themselves, so they feel a sense of ownership. Thus, they want the greens to find a good home — in their stomachs,” he says.

In partnership with the Community Foundation of Singapore, which enables philanthropy by matching donors’ interests with causes, the Relaxed Fund has thus far spearheaded the launch of three edible community gardens. Jacobs regards these gardens as a tangible step towards increasing the country’s self-reliance on food, saying, “The government has a 30 by 30 goal, for Singapore to produce 30 per cent of our food needs by 2030. Everyone needs to help if we are to reach this goal and home and community gardening is one method of achieving the target.”

Practically speaking, there is a need for the wealthy, particularly in Asia, to step forward the way Jacobs has. “Asia has amassed one-third of the world’s wealth, but still has two-thirds of the world’s poor,” says Dr Ruth Shapiro, chief executive officer of the Centre for Asian Philanthropy and Society (CAPS).

Practically speaking, there is a need for the wealthy, particularly in Asia, to step forward the way Jacobs has. “Asia has amassed one-third of the world’s wealth, but still has two-thirds of the world’s poor,” says Dr Ruth Shapiro, chief executive officer of the Centre for Asian Philanthropy and Society (CAPS).

In the wake of the Covid-19 pandemic, international support is on a gradual decline, which means an “Asia for Asia” centric philanthropy has to fill the gap, the Doing Good Index, the latest study by CAPS indicates. “There is now a unique opportunity to use this newly created wealth to alleviate poverty, protect the environment and promote societal resilience,” Dr Shapiro adds.

The advantage of philanthropy in its various forms is that it enables donors to steer the impact they hope to achieve in their field of interest. “Many donors who come to us already have a passion for a particular cause,” explains Catherine Loh, chief executive officer of the Community Foundation of Singapore (CFS). To date, its donors have given about $70 million to over 400 non-profit organisations in the areas of education, health, social and welfare, arts, culture, environment and more. “While charity is a natural, emotional impulse to an immediate situation and giving usually occurs in the short-term, philanthropy addresses the root cause of social issues and requires a more strategic, long-term approach.”

She cites former president SR Nathan, who established an education endowment fund with CFS after he stepped down as president, spurred by his personal experiences of overcoming hardships. The endowment fund has since helped many beneficiaries graduate with diplomas and degrees, hence securing a better future for these individuals and their families, an outcome that was close to his heart.

There are also business imperatives that spur some to engage in philanthropy. For starters, Singapore has the highest tax subsidy for charitable giving in the world at a rate of 250 percent for individuals and companies, which offers a strong incentive to give.

It also bodes well that many companies do care about the communities in which they operate, observes Dr Ruth Shapiro of CAPS — and philanthropy gives them an avenue to engage with these local communities in various ways. Funding social delivery organisations is one straightforward way of doing so. According to the Doing Good Index, the average social organisation in Singapore only receives 16 percent of their budget from companies, indicating there is potential for further monetary contributions.

“Businesses can encourage their employees to volunteer and sit on boards of non-profit organisations and social enterprises,” Dr Shapiro adds. She notes that in Singapore, only 55 percent of non-profit board members have corporate experience, hence encouraging volunteering in this form would allow important skills and business rigor to transfer to the social sector. Taking on such roles may also provide individuals with an additional opportunity to develop leadership skills that can benefit the business in turn.

Philanthropy via the establishment of a foundation dedicated to a specific cause can also be instrumental in uniting successors of a business or a family with shared purposes. “This is one way to pass on one’s interests and values and an opportunity to make an impact now in their lifetime and beyond,” says Loh.

Ultimately, at the end of the day, the oft uttered trope that by doing good, one feels good too might be the most powerful motivating factor. This concept, which is advocated by French neuroscientist turned Buddhist monk Matthieu Ricard, has been proven in many studies that show people who give are significantly happier than those who spend only on themselves.

Jacobs of the Relaxed Fund could not agree more. He says, “My wife and I have already lived for over sixty comfortable years. Taking a little time from our schedules instead of watching Netflix and spending a little of the funds we have accumulated, instead of using them for some products we do not need, is a sweet feeling.”

Source: a.com

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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.

Stories Of Impact

Strengthening Social Services: The Bluejacket Foundation’s Commitment to Capacity and Capability Building

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John Doe

Charities often struggle to secure funding for capacity and capability building, as donors tend to prioritise direct programme support over long-term infrastructure development. Yet, enhancing these areas is crucial for sustaining financial health, delivering effective and reliable services, and increasing their overall impact. Recognising this, the Community Foundation of Singapore (CFS) partnered with the Bluejacket Foundation in November 2022 to launch a two-year pilot initiative—the Capacity and Capability Building Grant—designed to support growth of charities and equip them for greater community contributions.

Charity partners and donors from Bluejacket Foundation gathered at Society for the Aged Sick for a roundtable discussion.

Charities often struggle to secure funding for capacity and capability building, as donors tend to prioritise direct programme support over long-term infrastructure development. Yet, enhancing these areas is crucial for sustaining financial health, delivering effective and reliable services, and increasing their overall impact. Recognising this, the Community Foundation of Singapore (CFS) partnered with the Bluejacket Foundation in November 2022 to launch a two-year pilot initiative—the Capacity and Capability Building Grant—designed to support growth of charities and equip them for greater community contributions.

The grant currently supports six charities, assisting them in retaining and recruiting essential talent, optimising resources, boosting efficiency, and expanding their impact.

The Bluejacket Foundation’s Mission

The Bluejacket Foundation was established by a family-owned shipping business, with ‘Bluejacket’ being a nod to sailors’ traditional blue uniforms. During the pandemic, their business persisted due to the relentless efforts of their crew, many of whom were stuck on ships for up to a year because of restrictions. Reflecting this dedication, the Foundation seeks to aid the committed individuals who work hard to keep charities and non-profits’ engines running. 

As Mr. Teo, the Foundation’s representative explained, “In partnership with the Community Foundation of Singapore, the Capacity and Capability Building Grant supports the development and retention of talent, ensuring charities have the essential workforce to carry out their vital work.”

Bridging the Gaps: A Roundtable on Charity Needs

The roundtable highlighted benefits and key gaps in current funding options.

To help the donors gain deeper insights into the evolving needs of the social service sector, CFS organised a roundtable discussion between the Bluejacket Foundation and the charities supported by the grant. At the discussion, charities candidly shared their experiences with existing funding options, highlighting both the benefits and the critical gaps that need to be addressed.

Charities in Singapore have access to various grants, such as the Community Silver Trust (CST), the Career Conversion Programme for Social Workers (CCP), the Professional Capability Grant (PCG), the Care and Share Grant, and the Community Capability Trust (CCT). These grants support workforce training, staff development, and organisational growth, which have been extremely helpful for enhancing service delivery and building organisational capacity.

However, despite the available funding opportunities, certain needs remain unmet:

  1. Increasing Need for Robust Backend Services: Existing grants usually focus on front-end programmes and manpower training. As services expand and governance requirements increase, charities face challenges in maintaining robust backend support systems, including HR, IT, finance, fundraising, and marketing. Manpower in these areas is often strained as a result.

     

  2. Securing Long-Term Funding in a Competitive Philanthropic Landscape: While government grants provide valuable financial assistance, charities must sustain themselves once the funding ends. Smaller charities, in particular, struggle to secure long-term funding in a competitive philanthropic environment.

     

  3. Attracting Quality Leadership in the Social Services Sector: Effective leadership is essential for the sustainable development and growth of charities. However, attracting and retaining top-tier talent in C-level positions within the social services sector remains challenging due to compensation that often lags behind other industries. While many charity leaders bring invaluable passion and operational expertise, they may lack the broader leadership skills required to effectively manage and guide a charity organisation.

A Sustainable Solution: Many-Helping Hands Approach

It is clear that as the sector continues to evolve, a many-helping-hands approach—involving ongoing collaboration between charities, donors, and the government— is crucial in driving long-term sustainability and effectiveness. While government grants provide support, creating a diversified funding model is essential for long-term success. By fostering talent development and providing additional financial support, initiatives like the Capacity and Capability Building Grant can enable charities to focus on delivering their core missions, enhancing service quality, and addressing emerging community needs.

CFS is proud to be part of this journey of improving the social services sector alongside the Bluejacket Foundation.

Get Involved

CFS is a leading provider of donor-advised funds in Singapore, working with donors to establish and manage funds that align to their values. Contact us to learn how your support for charitable causes can make a greater impact.

 

References

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