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Charitable funds boost donations in a tough year for giving
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Charitable funds boost donations in a tough year for giving

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"Explore The Straits Times charity news page, highlighting philanthropic efforts and inspiring stories."

SINGAPORE – More wealthy people are setting up charitable funds that give at least six-figure sums to their chosen causes.

There were 143 donor-advised funds set up with the Community Foundation of Singapore (CFS), disbursing $20.2 million to charitable causes in the non-profit organisation’s financial year that ended in March.

This is double the 70 funds giving out $11.7 million in the financial year that ended in March 2015.

Donors pledge at least $200,000 to set up a donor-advised fund with the CFS, which manages the money, advises donors on the various needs in the community and disburses it according to the donor’s wishes.

Its chief executive officer, Ms Catherine Loh, told The Straits Times there is a greater awareness of the CFS’ work and preference to give through donor-advised funds, which allows donors to give in a more informed, structured and sustained manner over time. And donors get to name their fund.

For example, the donated sum can be held at the foundation in perpetuity and invested, with invested returns going to the charitable causes over time.

Ms Loh said more people are also setting up legacy funds, like those in memory of a late loved one, adding to the rise in donor-advised funds. Or donors may set up a fund to be disbursed after their deaths.

So far, the largest sum donated to start a fund has been $24 million, set up by a family in their late father’s name, Ms Loh said without giving more details.

She noted that such funds have been especially needed during the current Covid-19 pandemic, where more people are in need and many charities say donations are falling.

Since February, the CFS’ donor-advised funds have given out about $1.2 million for purposes related to Covid-19, such as topping up phone cards for migrant workers and buying masks for charities caring for seniors.

Many donor-advised funds, however, are set up to give to specific causes that donors and their families care about.

Mr Lien Ber Luen gave $200,000 in 2018 to set up the Lien Shih Sheng Foundation, which gives to educational causes among others, in memory of his late grandfather, the editor-in-chief of Chinese newspaper Nanyang Siang Pau. Mr Lien Shih Sheng was a literary pioneer here, involved in many arts, education and cultural activities, his grandson said.

The Lien Shih Sheng Foundation has funded scholarships at Raffles Institution for children from low-income families and it will also support a new programme to give financial aid to children from underprivileged families to attend preschool regularly.

Mr Lien, who is in his 40s, works in a local asset management firm and is married with two children, said: “He was a doting grandfather and a role model for me. I set up this fund to remember him and to continue his legacy of contributing to the community.”

Like Mr Lien, over half of the funds at the CFS were set up by donors aged between 40 and 60, ranging from working professionals to those with inherited wealth, Ms Loh said.

While supporting education and helping the sick and the poor are evergreen favourites, causes relating to environmental and sustainability issues are also becoming more popular. Donors are also more savvy.

She said: “We have seen donors asking more questions and moving away from just chequebook philanthropy over the years.”

Instead, they are keen to understand the root causes of social problems and to find ways to tackle them, instead of simply handing over their money.

Besides the CFS, the SymAsia Foundation, which is established by private bank Credit Suisse for its clients, also offers donor-advised funds.

The SymAsia Foundation did not reveal the number of such funds, but said its clients “typically make a commitment of $1 million for donations”.

Ms Young Jin Yee, CEO of SymAsia Foundation, added: “I would say no other cause has brought our donors together like the current Covid-19 pandemic.”

She said about a third of its donors from across the Asia-Pacific region have stepped up to alleviate the difficulties brought about by the virus. This includes giving financial aid to students in Singapore whose families were affected by Covid-19, and supporting the development of a vaccine for the coronavirus being jointly developed by the Duke-NUS Medical School and an American pharmaceutical firm.

Source: The Straits Times

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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

Donations to CFS increased by 60% over the past two years
新加坡社区基金会 两年多善款增六成

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Over two years, the number of Donor-Advised Funds (DAFs) managed by the Community Foundation of Singapore (CFS) has increased from 162 to 235, and total donations received since inception has risen from $192 million to $311 million. As of 31 December 2023, CFS has disbursed over $169 million in grants, a big jump from the $114 million disbursed as of 31 March 2021. 

Speaking to Zaobao, CEO Ms Catherine Loh, shared that one reason for the significant increase in donations was due to a few large donations exceeding $10 million over the past three years. She also highlighted the introduction of Legacy Giving by CFS, and the organisation’s efforts to work more closely with financial and legal advisors to promote philanthropy. Notably, about 15% of CFS’s DAFs are memorial in nature, including the recently established Adrian Tan Memorial Fund in 2023. 

Learn more about our DAFs at https://cf.org.sg/donors/donor-advised-funds/.

截至2023年12月31日,新加坡社区基金会发放的善款超过1亿6900万元,比截至2021年3月31日的超过1亿1400万元多,造福更多人。(档案照片)

Over two years, the number of Donor-Advised Funds (DAFs) managed by the Community Foundation of Singapore (CFS) has increased from 162 to 235, and total donations received since inception has risen from $192 million to $311 million. As of 31 December 2023, CFS has disbursed over $169 million in grants, a big jump from the $114 million disbursed as of 31 March 2021. 

Speaking to Zaobao, CEO Ms Catherine Loh, shared that one reason for the significant increase in donations was due to a few large donations exceeding $10 million over the past three years. She also highlighted the introduction of Legacy Giving by CFS, and the organisation’s efforts to work more closely with financial and legal advisors to promote philanthropy. Notably, about 15% of CFS’s DAFs are memorial in nature, including the recently established Adrian Tan Memorial Fund in 2023. 

Learn more about our DAFs at https://cf.org.sg/donors/donor-advised-funds/.

过去两年多,新加坡社区基金会管理的慈善基金从162个增至235个,善款从1亿9200万元提高到3亿1100万元,增约六成,显示国人对慈善的意识不断提高。

截至2023年12月31日,新加坡社区基金会(The Community Foundation of Singapore,简称基金会)发放的善款超过1亿6900万元,比截至2021年3月31日的超过1亿1400万元多,造福更多人。

新加坡社区基金会总裁罗佩仪答复《联合早报》询问时说,过去三年,基金会接到几个超过1000万元的慈善基金,这是善款增加的其中原因。

另一原因是因为基金会积极推广遗赠项目,并且与财务专员和律师更紧密合作,让更多人认识基金项目,所以取得积极成效。

基金会在2008年成立,通过可持续、妥善和具透明度的方式,协助个人、家庭或企业设立或管理慈善基金。

捐款者能以自己、家人或公司名义设立基金,或为逝者设立基金。遗赠可包括现金、提名基金会为受益人的保险赔付或公积金存款,以及有价证券或房地产等。

捐赠者可指定受惠者,基金会将与相关慈善团体配对,制定有效的行善策略。

基金会与超过400个慈善伙伴合作,协助对象广泛,包括孩童、年长者、客工或社会边缘人,援助范围包括医疗、教育、艺术和动物福利等。

罗佩仪说,基金会管理的“捐献者指示基金”(Donor Advised Funds)分三类,一种是捐赠基金(Endowment fund),慈善资产将永久保存在社区基金会并进行投资,投资收益直接用在所选择支持的慈善机构和项目。

第二种属于流转基金(Flow-Through Fund),在特定时期内支持个人选定、所喜爱的慈善机构和项目,占总指示基金约75%。另一种是可投资流转基金(Investible Flow-Through Fund),捐款用于投资,投资回报和本金都可用于个人选择的慈善事业。

 

捐献者指示基金 目前最大款项超过2000万元

 

在捐献者指示基金中,目前款项最大的超过2000万元,而总指示基金也有约15%属于纪念性质的基金,包括去年设立的陈锦海纪念基金。

她说,陈锦海纪念基金是陈锦海妻子为了向亡夫致敬,并支持他生前热衷的慈善事业而设的。

“纪念基金是缅怀亲人的绝佳方式。我们当中的许多人都是读陈锦海的书长大的,很荣幸能与陈太太合作向他致敬。陈锦海纪念基金确保他的遗赠得以延续,支持他生前关心的公益事业。”

罗佩仪也指出,可投资流转基金是一种新的基金类型,“我们看到捐助者的需求不断增加,他们希望利用捐款投资获取回报,并灵活使用捐款和投资回报,支持所选择的慈善机构。”

 

已故前总统纳丹生前设立“纳丹教育提升基金”

 

已故前总统纳丹于2011年卸下总统职务时,通过社区基金会,以他的名义设立“纳丹教育提升基金”。

属于捐赠基金的纳丹教育提升基金,两年多前累积逾1000万元资金。

纳丹生前委任一个拨款咨询委员会,负责就基金可支持的项目提供建议,通过助学金、奖学金,以及各项经济援助计划,支持工艺教育局以下工艺教育学院和高等教育学府的贫困学生顺利升学。纳丹2016年逝世,享年92岁。

 

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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News

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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Opinion

How to tackle homelessness in Singapore? Try some empathy for a start

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A man sleeping on a bench in a subway station.

By Joyce Teo

Early last year, when a call for volunteers came for the first nationwide street count of the homeless in Singapore, I was probably one of the fastest to sign up.

As a grant-maker at the Community Foundation of Singapore, I often receive requests to fund research on social issues leading to the presentation of academic papers or journals. I find it hard to translate these into practical application towards solving critical social problems.

So I became a volunteer, partly to find out more on the state of homelessness in Singapore and partly, to figure out if philanthropy can play a role in making sense of research that enables us to do good in practice.

The study opened my eyes to a different side of Singapore. It drove home the point that the facts and statistics we read about the homeless from time to time are not mere digits but fellow persons in our shared space and humanity.

For the study, I had to cover downtown Singapore, thinking it would be an easy job as it did not seem that there would be many sleeping around buildings and shopping malls with security cameras.

But what was supposed to be a two-hour walk one night turned to five, due to the sheer number of people sleeping on the streets.

I could not keep up with having to type the individual description as required in the study and had to resort to grouping them in order to complete the area in time.

As indicated in the study, downtown Singapore is a hot zone with over 100 people found sleeping there.

Many were in work uniforms. In fact, they slept within close proximity to each other as if there’s safety in numbers.

These were the ones with the least comfort, usually with just a cap or towel covering their eyes.

Some, who are cleaners, even slept with their cleaning carts right in front of them as a guard for privacy.

The sheer number of people I found and the fact that most of them looked to be Singaporeans were a huge shock to me.

I wondered what led so many of them to sleep in the open instead of going home after work.

What is the impact of this on their health and mental well-being? Do they get to see their families and loved ones?

The results of the survey provide a clearer and better understanding of the definition of being homeless. It is more than home ownership, as some of the interviewees do own residential properties.

The results also provide some insights into the causes of homelessness here – unemployment, irregular work, low income and family relationship problems.

This is a good start. But more needs to be done.

The fact that half of those surveyed have been on the street for about five years shows that homelessness is a chronic and systemic issue that affect not only the 1,050 homeless people the study found, but also their families.

Homelessness today is no longer about begging or being a public nuisance. Many homeless people do have means of subsistence, however fragile.

Taking an enforcement approach towards homelessness will not address the deeper issues related to employment, income levels or family ties.

The homeless have a very real fear of the Destitute Persons Act and how it has been enforced.

They sleep in fear of losing their freedom. Under the Act, homeless people may be admitted into welfare homes as a last resort.

The Act defines a destitute person as one who is creating a nuisance due to begging, or who is found in a public place without means of subsistence or place of residence.

In practice, homeless people are usually persuaded to admit themselves voluntarily into the homes. But once admitted, they may not legally leave without permission.

This palpable fear can be clearly seen in one of the interviews I conducted with a homeless man.

Throughout the interview, he kept glancing around warily, as if someone would come and take him away despite my repeated assurance that I was a volunteer doing some research.

Once the interview ended, he immediately left and I felt quite regretful having robbed his sleeping place although I managed to score a data point for the research.

As part of the study questionnaire, we offered the homeless an opportunity for social workers to contact them for assistance if they are open to it. Perhaps not surprisingly, hardly anyone agreed, as they thought they would risk losing their ‘’freedom’’ if they did so.

Instead, the question most often asked when I approached them for requests to interview was – ‘Are you hock-lee-por eh lang?’ (Hokkien for social welfare department) and they would try to move away while asking.

How philanthropy can help

I hope that philanthropists can fund initiatives that help to change public perception of homelessness as well as more in-depth research that enables deeper understanding of the homeless issue.

The research could take an ethnographic approach similar to that taken by sociologist Teo You Yenn in her book “This is what inequality looks like’’.

In the book, she gave numerous case studies that demonstrated the different facets of inequality and poverty in a way that we can relate to. She also suggested that readers ask questions about poverty and how to overcome it in different ways, and to see themselves as part of the problems and potential solutions.

We need to better understand the different profiles of the homeless people, so as to appreciate their problems better and find different solutions for the different groups – those with employment, those without a home, those with broken family ties, and those who are senior and frail. We need to hear the voice of the rough sleepers themselves and co-create solutions with them. Not for them.

The homelessness issue in Singapore is complex and requires each of us to play our part if we want to resolve it.

For example, if you are a resident of a neighbourhood with a rough sleeper who is not a nuisance, you may want to think twice about calling the police. Instead, you could consider making an effort to speak to the person.

Empathy, rather than mere enforcement, is a good start to help identify root causes and solutions to the issue.

About the author

Joyce Teo is the Deputy CEO and Head of Philanthropy and Grants at the Community Foundation of Singapore, a non-profit organisation founded in 2008 to encourage and enable philanthropy in Singapore.

Source: TODAY

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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

Cellist wins Goh Soon Tioe Award

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2015 winner, cellist Theophilus Tan

Theophilus Tan is the first cellist to clinch the Centenary Award since it was established in 2011. Cellist Theophilus Tan started piano lessons at the age of seven but was never very enthusiastic about classical music. But through a combination of emotional support from his secondary school teacher mother, strict discipline from his pastor father and from listening to his father’s collection of CDs by Russian violinist Jascha Heifetz, he fell in love with classical music. Read more.

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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