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CFS is 3rd largest philanthropic foundation in Singapore
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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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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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Set up during the covid-19 pandemic, Sayang Sayang Fund raised $9.7m over three years, supporting over 400,000 lives
应疫情设立 Sayang Sayang基金三年筹970万元惠及40万人

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Established in 2020 as an emergency response fund during the covid-19 pandemic, the Sayang Sayang Fund (SSF) raised $9,700,000 in three years, supporting over 276 organisations and touching over 401,000 lives.

互助团体Mum’s Collective主办康乐与交流活动,旨在为低收入家庭的母亲建立支援网络,去年获得Sayang Sayang基金的部分资助。(中南社区家庭服务中心提供)

Established in 2020 as an emergency response fund during the covid-19 pandemic, the Sayang Sayang Fund (SSF) raised $9,700,000 in three years, supporting over 276 organisations and touching over 401,000 lives. 

According to the Sayang Sayang Fund report published on CFS’s website, the fund disbursed $6,542,000 (67% of donations) in 2020, $2,060,000 (21% of donations) in between 2021-2022, and $1,11,900 (12% of donations) in 2023. 

CFS CEO Catherine Loh shared that when the pandemic started, CFS recognised the need to provide a platform to pool together resources to help those that required support, including frontline healthcare workers, students from lower-income families, rough sleepers, and migrant workers. Through collaboration with community care organisations and various agencies, CFS was able to better understand the needs of the people and allocate assistance more efficiently.

Read our Sayang Sayang Fund report.

因应冠病疫情推出的Sayang Sayang基金过去三年筹集的约970万元,支持了276家社会服务、医疗和教育机构的援助项目,惠及约40万人。

Sayang Sayang基金由新加坡社区基金会于2020年设立,已全数拨款支持各援助项目。根据社区基金会在网上发布的Sayang Sayang基金总结报告,2020年拨出的基金款项占67%,达654万2000元;2021年至2022年拨出的基金占21%,达206万元;其余的12%在2023年拨出,达111万9000元。

2020年,基金主要用来支持前线医疗人员,以及低收入家庭、年长者和客工等有需要群体应对冠病疫情。2021年至2022年,社区基金会扩大基金的使用范围,资助慈善机构提升数码能力,适应新常态。

2023年,基金着重于加强社会在后疫情时代的韧性,例如资助有关露宿街头者、最低收入标准等社会研究项目,以及社区保健计划。

新加坡社区基金会总裁罗佩仪指出,冠病疫情暴发时,基金会意识到须集合各方的专长,并提供一个平台汇集善款来帮助有需要的群体,因此设立这个新基金。通过与各社服机构的协作,基金会能更好地了解民众的需求,更有效率地拨款协助。

Sayang Sayang基金2020年2月11日正式推介时,最初的筹款目标为50万元,其间获得企业和民众的踊跃支持,同年6月就筹得690万元。

基金共资助11项计划,这些计划包括为前线医疗人员提供德士礼券和礼包、为低收入家庭的孩子提供经济援助、为街友提供住宿和经济援助、为客工填补电话卡储值等。

当中,CommunityGrants@Work计划的拨款最多,达205万7000元,旨在帮助慈善机构应付疫情期间增加的开销,并协助机构转变运作方式,推动数码化进程。其次,是获得192万2000元的SeniorsOK@Home计划,这项计划资助可惠及弱势年长者的项目,照顾乐龄的福祉与身心健康。


基金疫后侧重加强社会支援

步入2023年的后期阶段,基金侧重加强社会支援,支持人民坚韧地走出疫情。民间团体Mum’s Collective去年获得基金的部分资助。这个互助团体由居住在红山租赁组屋的妇女组成。活动由受惠者倡导并策划,中南社区家庭服务中心为团体提供所需的协助。

Mum’s Collective旨在为低收入家庭的母亲提供一个交流平台,吐露彼此面对的问题,并一起参与烘焙等休闲活动。参与者诺希达雅(33岁)说,她通过互助团体获得力量,明白自己不是唯一面对生活困难的。有了这个支援网络,她如今能更好地处理压力,也变得更加自信。

信用:联合早报©新报业媒体有限公司。复制需要许可

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

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TODAY – Successful philanthropy: Doing good takes more than just giving

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By Richard Hartung

Beyond just managing your money to meet your needs, donating to support good causes can benefit you and the broader community. The key to successful giving, though, is choosing the right causes and giving the right amounts. Increasingly, there are a host of tools and resources to help you decide.

IDENTIFY THE CAUSE
A good place to start is to figure out why you’re giving and what you want to support. And there are a variety of reasons people donate.

Some people are passionate about a particular cause, such as educating children, empowering women, saving animals and the environment, improving healthcare, or assisting the elderly. Others may want to support friends who are involved with a particular organisation, donate so they can become more engaged with people with similar interests, or gain public recognition for their generosity.

Whether you’re giving for one of these reasons or something else, taking the time to figure out your goal can lead to a more meaningful experience. As Community Foundation of Singapore (CFS) CEO Catherine Loh told TODAY, “It is important to find the right fit, taking into consideration your values, charitable goals and impact you want to make. Ask yourself, why do you want to give back? What causes do you care about most? What kind of difference do you want to make?”
Read more.

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Make Your Donations More Impactful

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Donating to a worthy cause seems easy. Many people simply give to a charity that asks, give where they gave before or talk with friends. By being more strategic with your money, though, you can make sure your donation has more impact, regardless of whether it is small or large.

Strategic Giving

It is indeed easy to give to charities that you know or that friends recommend. Ad hoc donations without doing a bit of research and deciding on your strategic purpose may, though, have less impact or not fully align with your values.

Starting with a clear giving strategy can enhance the impact of your giving, the Singapore EDB observes. It is better to clarify your goals before considering any donation by considering what you want to change, how much effort you want to put in, the amount you wish to give and the means you have to achieve them. “While data, best practices and tools are available, philanthropy is inherently personal and driven by passions and interests.

Along with giving to causes you support, it is important to ensure that the organization you donate to is reputable. “Better Ask, Better Check, Give Better,” the Charity Portal suggests. You can ask for details such as how your donation will be used, who the beneficiaries are and how much of your donation goes to the beneficiary. Not being able to get this basic information may be a red flag. You can also verify that the beneficiary is a registered charity or provides information to the Commissioner of Charities.

If you need advice, a variety of organizations can assist. Asia Community Foundation, for instance, says it provides donors with support and expertise to make confident and purposeful giving decisions.

Finding the Right Organization for your Philanthropy

One easy way to find reputable organizations to donate to is to use giving.sg, part of the National Volunteer & Philanthropy Centre (NVPC), lists more than 500 non-profits and categorizes them into “causes”. You can select the type of organization, look for ones in that category, click on ones of interest to “learn more,” and donate directly once you have found an impactful organization that aligns with your goals. You can usually also receive a tax benefit.

An alternative for people who want to make a larger donation is to set up a Donor Advised Fund (DAF). You can establish a fund with a donation and use the money to make future gifts to charities. Along with the administrative services that the manager provides, you can get a tax donation for your donation even though you’ll actually give funds to charities later.

The first DAF manager in Singapore and perhaps the most easily accessible one is the Community Foundation of Singapore (CFS), established in 2008. At CFS, said CEO Catherine Loh, “we aim to inspire and enable strategic philanthropy.” Donors can enjoy an upfront tax deduction when they make their contribution and disburse grants over time. CFS takes care of the administrative work, and it provides advisory and grant-making services. “We work with the donors to understand their philanthropic goals,” Loh said “and help them achieve their objectives. As needs become more complex, we aspire to help our donors to make the leap from ad hoc reactive charitable giving to strategic philanthropy which has clear goals and evidence-informed plans and attempts to tackle the roots of complex problems.” CFS scans Singapore’s charity sector to find worthy programs to fund, conducts due diligence and helps donors disburse grants to charities, social enterprises or ground-up groups.

Measure the Impact 

To ensure your donation has the intended impact, it is important to assess the results of what the charity actually does. You can do it yourself, or a DAF such as CFS can help with impact measurement.

The Tan Chin Tuan Foundation, one of the early movers in impact measurement, provides insights on what to measure. It explains that a donation is a social investment, and each donation should generate a social return in order to be effective. “The outcome would answer questions such as “How far has this donation gone to help, change or improve society?” and “Can the social investment be given differently to achieve a better outcome?”

Rather than just looking at how many people show up for events, for instance, you can look at how the organization changes lives, how it is a catalyst for change in a particular sector, whether it has long-term impact or just organizes events with limited impact, and other outcomes. If they don’t provide information, it may be preferable to look for other beneficiaries.

There is plenty of need in Singapore. By determining your strategy, finding the right beneficiary and measuring what you achieve, you can ensure you have the intended impact.

This article is written by Richard Hartung and is originally published in the November/December 2023 issue of Living In Singapore, a magazine by the American Association of Singapore.

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