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Company of Good

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A snapshot of 'company of good partner 2016', showcasing a reliable and trustworthy business alliance.

Company of Good (COG) is a programme that empowers businesses to give better and more holistically. Companies can gain access to a self-assessment tool, a wide range of resources and an exclusive networking circle. The Community Foundation of Singapore is proud to be a partner of Company of Good to help equip companies with the knowledge and tools to do good together. 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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Leaving a legacy of giving

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Leaving a legacy of giving

Four prominent personalities in the community tells us why they desire to make a long-term impact on society by giving back in their own ways.

Nadia Ahmad Samdin

What is the gap you’ve seen in society’s support of at-risk youth?

Serving as a panel adviser to the youth court and later as a befriender of girls who have done reformative training, I’ve witnessed how at-risk youth and juvenile offenders, who have experienced difficulties, were overcome with feelings of dejection, lack of direction and, oftentimes, betrayal by adults who could have better supported them.

For many, time in institutions or shelters is the difference between being able to access resources such as a safe place to sleep and participate in programmes that build discipline, and getting mental health support.

As a community, we must nurture and empower at-risk youth, especially girls, so they will be able to make better choices and have access to ongoing support. I am an advocate for earlier, consistent intervention followed by better rehabilitation and reintegration upon release. How we embrace them as a society matters.

Why do you feel that being a donor is important, especially for the youths in our society?

A dear mentor once said to me, “Youths are approximately 25 per cent of our resident population today – but 100 per cent of the future.” Giving a young person a chance can be life-changing. It also builds confidence to face the future.

As a donor, beyond the actual funds channelled to scholarships, bursaries, or programmes, your act demonstrates to the youths that someone believes in their potential and provides motivation.

How have your personal experiences impacted your mindset as a lawyer as well as your support of underprivileged families?

I would not have been able to go to law school without financial aid, motivation from mentors and the sacrifices of my family.

Minority women are sometimes under-represented in some of the spaces I serve in. I hope that, in a little way, my efforts will build on the paths of those who came before me and encourage more people to step up and contribute to building Singapore and the future we wish to see.

How do you feel the pandemic has affected the lives of the at-risk youths you work with and their families?

Home-based learning and working from home has been tough for all – and especially for those in one- or two-room flats, adding considerable pressure for sole breadwinners. A number of these families live pay cheque to pay cheque and some bad decisions can feel insurmountable and irreversible. For example, some young mothers are unable to make ends meet and resort to mixing hot water and condensed milk to feed their babies.

The pandemic has also forced those who never had to ask for help before to reach out for aid. The way we live has shifted radically and support must be calibrated for different families in need, ensuring people are not priced out of opportunities here in Singapore.

Hian Goh

What is the gap you’ve seen in society’s support of innovators and entrepreneurs in Singapore?

Today’s Singapore is a developed and well-educated country with strong industries and a bedrock of good law and order built on the foundation of centralised state planning and effective government. Talented Singaporeans have thrived and have many options to be a working professional and make a good living. However, we are also risk-averse.

For Singapore to continue its journey of prosperity and economic development, we need more people to execute new ideas, disrupt industries and create new markets. To do that effectively, we need capital to support these ideas. That is why I decided to become a venture capitalist after my entrepreneurial journey.

How have your personal experiences impacted your mindset in supporting the next generation of gamechangers?

When I was an entrepreneur, there were many times I faced seemingly insurmountable challenges, and it looked like there was no way to solve the problem at hand.

However, through sheer persistence, tenacity and, more importantly, mentors and investors who supported me, I managed to conquer those challenges. This proved to me that a support network of like-minded individuals is essential to increase the probability of success in life.

How has legacy giving changed the way in which you are able to contribute to the support of innovators and entrepreneurs in Singapore?

Once you decide to embark on the legacy journey, it is very important to focus on the programmes which you feel will help your chosen cause. In my case, innovation in Singapore.

To that extent, having someone to guide you on this journey is very important. The Community Foundation of Singapore provides such guidance on a wide range of issues that allows someone like me to work on starting a foundation which, ultimately, will become my legacy and impact many people in the years to come.

Do you feel that age impacts who can be the next greatest innovators or gamechangers?

No. It’s a mindset. I’ve seen older people with flexible minds who can learn from their mistakes. I have also seen younger people too scared to take the leap even though they have nothing to lose. It’s really not a relevant factor.

Dr Audrey Looi and Dr Ang Beng Ti

What is the gap you’ve seen in society’s support of the visually impaired?

When our son James was diagnosed with Stargardt macular dystrophy in 2009, we discovered that support services for children with low vision were not available in Singapore.

In other developed nations, structured low vision programmes already exist. These allow a child’s remaining functional vision to be assessed so a tailored programme can be crafted to facilitate his or her integration into mainstream schools, and to function in a sighted society.

This would include access and training to assistive technology, training in orientation and mobility, and the learning of Braille where indicated. iC2 PrepHouse was set up with these initiatives in mind.

Why do you feel that being a donor and contributing to a cause is important?

Although low vision is a low-incidence disability, affected families are severely impacted. Without the right support by trained vision teachers, there is little chance for the affected child to reach his or her full potential. Our contributions make a difference.

How have your personal experiences impacted your work with healthcare and your support of iC2 PrepHouse?

We have been fortunate that through our combined efforts with our fellow iC2 Board members – all of whom are professionals in the areas of education, law and finance – we have been able to surmount the challenges faced by James as he successfully navigated his way through mainstream school and currently through his undergraduate studies.

Knowing the kind of support needed for this journey, it was not difficult to actively contribute to keep iC2 resources available to other children and families in need. Not just in terms of dollar contribution but also in the oversight of administrative, fundraising and ground initiatives.

As for our work in healthcare, we haven’t stopped striving to be kind and compassionate with our patients as we do our best to solve their medical problems. This journey has certainly deepened our understanding of how important that aspect of medical care is. As medical doctors, we all need to take time to listen and care.

In your opinion, are there groups that need extra support within and surrounding the visually impaired community?

Within the visually impaired group, we know that those with multiple disabilities present greater challenges. Take for example, the child with both low vision and autism or low vision with impaired hearing. A dedicated, thoughtful approach is needed. We have to work with other agencies to coordinate care and support, not just for the child but also for the caregivers.

How has legacy giving changed the way in which you are able to contribute to the support of the visually impaired?

We have and will continue to support iC2 financially through our major fundraising events. So what happens after our demise? Legacy giving provides an avenue to do so for perpetuity.

This is not just for individuals. It can be tailored to couples, families, foundations or companies. Zooming out, if more commit to legacy giving, the charity sector will receive more sustainable donations and be empowered to further improve the groundwork. How truly wonderful that would be for our Singapore society.

Stanley Sia

What is the gap that you saw in Singapore’s healthcare system that led you to SATA CommHealth?

I’ve been involved in SATA CommHealth since 2012. Being in the private sector for all of my career, I’ve always had the desire to contribute in some way to society.

SATA CommHealth, in particular, interested me for its legacy and its resilience in adapting with the times to continue serving the community for more than 70 years. This resonated strongly with me, and has kept me in service at SATA CommHealth for the last eight years. In my time here, I’ve held several portfolios, with the role of chairman being the most recent.

Why do you feel that being a donor is important, especially in the healthcare sector?

While Singapore’s healthcare sector is well developed and provides comprehensive services, more can be done for the seniors and vulnerable through the encouragement of a sustainable donation system beyond simply relying on government support.

About one in every four Singaporeans will be 65 and above by 2030. Singapore’s low fertility rate and its rapidly ageing population will pose an economic and demographic stress to the nation and this is something we need to start preparing for.

Why did you decide to take up the position of chairman of the board in SATA CommHealth?

Covid-19 has changed the way we live, work and interact with each other. It has surfaced new challenges among the seniors and the vulnerable in the community.

When I took on the appointment in July 2020, at the height of the Covid-19 pandemic in Singapore, my immediate priority was to start laying the foundations of a sustainable charity, even as we were steering ourselves through the challenging times.

How has legacy giving changed the way in which you are able to contribute to the support of the healthcare sector?

In the past, the idea of legacy giving was relegated to high-net worth individuals, the ultra-rich and affluent. While few of us are in that position, there is no reason to exclude charitable giving from our estate planning. All gifts, large or small, are important. Charitable giving is life giving to the poor and vulnerable in our society and healthcare sector forms the backbone of a country’s well-being.

Legacy giving lets you make a lasting impact on the lives of future generations, far beyond the measure of your lifetime. It is the best way to benefit a cause or charity that you care about now and in the future.

Source: The Peak

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Trina Liang-Lin takes over as Netball Singapore chief, pledges to bring in more financial support

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

CFS’s Board Director, Trina Liang-Lin, is the new President of Netball Singapore. She highlights the need to address the underrepresentation of sports in philanthropic efforts and aims to change this trend by amplifying the core values of sports. Contact us to learn more on how you can support Singapore’s sports communities.

Sporting bodies are usually not beneficiaries of philanthropic groups, but Netball Singapore’s new president Trina Liang-Lin hopes that will change by “amplifying” sport’s values.

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

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Lorem ipsum dolor sit amet consectetur adipiscing elit dolor

The competition was organised by City Harvest Community Services Association and received support from FUN! Fund, a Community Impact Fund jointly established by the Community Foundation of Singapore and the Agency for Integrated Care, with the aim of addressing social isolation among the elderly.

Senior Minister of State, Ministry of Communications and Information & Ministry of National Development Mr Tan Kiat How attended the event. He encouraged the elderly to stay physically and mentally well, as well as urging them to participate in community activities and enjoy their golden years together.

Learn more about FUN! Fund at https://www.cf.org.sg/fun-fund/.

 

The programme provides the children with a non-threatening platform to connect with peers and have positive conversations. In addition, it exposes them to different people who can assist to broaden their perspectives.

L.S., a volunteer with the Reading Odyssey programme @ Spooner Road

中心“常胜将军”胡锦盛:比赛限时反应要快

现年92岁的胡锦盛是最年长的参赛者。自2017年退休后,他几乎每天都到活跃乐龄中心报到,从此爱上了玩拉密,每次可玩上三个小时,在中心是“常胜将军”。

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“最后一桶金”规划新现象 别让财富添乱使尽不留遗产

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这些年来越来越多人把部分遗产捐给慈善,甚至出现鼓吹“现在就花掉孩子遗产”的SKIN(Spend Your Kids’ Inheritance Now的缩略语)“使尽”现象。

世界首富之一比尔·盖茨多次承诺,把1130亿美元(约1595亿新元)财产几乎全捐给慈善,三个孩子各获1000万美元;他坚信留大笔钱给孩子绝对不是好事。

沃伦·巴菲特则宣布,一分也不留给三个孩子,会捐出所有给慈善。

本期《实况报道》请擅长信托和遗产事务的律师、法学教授和老年学学者谈SKIN“使尽”现象,并访问退休人士,了解不准备留太多给孩子的原因。

“不要留太多给孩子”的趋势渐长,有越来越多找律师办理遗嘱或信托事务的人,把部分遗产捐给慈善,或自设信托,以便更好地管理所支持的慈善事业。

两名擅长处理信托和遗产事务的资深律师告诉《联合早报》,积极行善的客户越来越多,一些甚至已定期捐钱给慈善机构,而不是等到过世后才这么做。

王律师事务所(WongPartnership LLP)专业人士及私人客户争议业务组负责人沈木英律师说,不论是用在自己身上、当礼物送给孩子或至爱,或是捐给慈善机构,财富在一个人还活着时是最有价值的。

“有的施予者享受从金钱得到的快乐,比如孩子或慈善机构向他表达感激之情,或通过捐钱做了好事而乐在其中。

“从这个角度,我可以明白为何一些人想在有生之年花光一切。”

她就见过一分钱也不给孩子的父母,有的因为跟孩子的关系恶劣,有的则因孩子挥金如土。相反的,也有继承遗产者积极行善,打算捐出大部分遗产。

福鼎律师事务所(Fortis Law Corporation)创办人陈子佳律师说,把遗产留给孩子是根深蒂固的传统价值观,但“花光”个人财产的做法也有益处。

他指出,父母留遗产给孩子理由很多,比如,在孩子成长期间常“缺席”,所以用遗赠示爱或表达愧疚。

有的因孩子是特需者,就用遗产设立信托,让孩子在他们离世后生活有照应。

“不论什么原因,孩子可能真的需要帮助,而留遗产给孩子的做法本身就能教导孩子施予的价值。”

沈木英说,虽然有客户认为孩子有一半的可能性会乱花遗产,但也有客户认为给孩子一笔钱,将有助于孩子取得成功。

 

设立慈善基金更好掌控财富

她指出,多数客户“守住”财富,是为孩子所需。一旦满足了孩子的需求,他们便会开始捐出行善。

不过,她留意到捐献者更有主动权,“与其直接捐钱给慈善机构,更多客户设立自己的慈善基金,以便更好掌控”。

她的一个客户选择帮某慈善机构设立医疗设施,再给予资助,而不是直接捐钱。

一些则每年把资产或生意赚取的部分收入捐给慈善,另一些把部分资产纳入慈善信托或基金,为慈善机构创造收入。

“还有一些给每个孩子一份财产,也给一份做慈善。也有客户设条件,要孩子先捐出所得遗产的10%,才能继承剩余的90%。”

沈木英指出,微软创办人比尔·盖茨累积的财富是子孙享用不尽的,所以设立慈善基金。但一般打工族以养家育儿为己任,慈善可能不是第一选项。

“事实是,越没钱的人,越要孩子过得比他们好,所以想方设法留下资产,但我认为帮孩子,不该凌驾于自己的需求和生活享受之上。”

陈子佳也认为,必须在SKIN和留遗产之间,取得平衡。

“我已立好遗嘱,也制定了持久授权书(LPA)。我确保自己有足够资源办好三件事:应付医药和退休开销,以及清还所有贷款和债务。”

 

孩子主动要求不要遗产

这些年来,陈子佳看到不少客户定期捐钱给慈善机构,有的甚至把遗产全捐给慈善。有些是因为他们的孩子能自给自足、明理和善良,叫父母留给较不幸者。

“我看到许多孩子,坚持父母不要列他们为受益人,把遗产转给有需要者或其他家庭成员,我就是其中一个。”

陈子佳坦言,他叫母亲把遗产留给兄弟姐妹、侄甥和慈善,“我希望以后我的孩子,也叫我不要列他们为遗产受益人”。

他感激父亲给他最好的教育:“做人要舍得。大舍大得,小舍小得,不舍不得。”

 

个案① :防子女争财产 卖掉大洋房

为了避免留下房子惹“后患”,七旬退休专业人士数年前毅然卖掉住了几十年的大洋房,搬到市区公寓,口袋满满地与老伴安享晚年。

问有三个子女的林大悟(化名),这样做难道不心痛不可惜?难道没想过把洋房留给其中一个孩子?

他语重心长说道,屋子太旧了,修理或重建都得花钱,租出去的话,租户不一定会爱惜房子,有问题也会来烦你。

“留的话,留给哪一个孩子?大家一定有不同意见。继承的人也未必喜欢屋子和地点,还是卖了干脆。我虽然知道房价以后会涨,但留下也有后患,除非你只有一个孩子。”

林大悟说,把财富传给下一代的传统观念是时候该调整了,但也不是改变一切,一分钱都不给儿孙。

他认为,给孩子的最佳礼物就是按他们的能力,让他们接受最好的教育,在有生之年尽可能帮助孩子,使他们可以自立、自组家庭,过安定的日子。

“给他们过多遗产,他们不会知道那些是你一辈子省吃俭用积攒而来的。钱到了他们手上变成零用钱,一下子就花光了,有时还嫌不够。”

“老年人必须确保能经济自立。钱在你口袋,总比在别人口袋好。你的辛苦钱一天不用,不花在自己身上,都还不是你的。但这么说也不是鼓励你挥霍乱花。”

他也说,儿女在事业和家庭起步阶段都须要帮助,但每个的情况不同,不要顾虑分配公平与否。

“最好孩子不需要你帮太久。他们有本事的话,其实不需要你,没本事,你即使有大把钱,也会惹争端。”

他感叹,有的父母尚在,手足之间就为了争夺资产而闹上公堂。“沒教好啊。父母尚未去世已经如此,不敢想象两老不在后,会搞出什么乱象。”

他眼看一些已故名人的孩子对簿公堂,“家家有本难念的经啊!身居高位的他们已是如此,平民百姓如我更不用说了。”

他指出,自己的孩子即使多好多孝顺,他们的伴侶却是未知数,“许多纷争都由此而起,因为他们对你这个长辈以及其他家庭成员的感情不同,到头来是利字当道。”

林大悟已立了遗嘱并制订LPA。“遗嘱和LPA直接了当,我俩其中一个有事,动产与不动产全交给还在的那一个,不会牵涉下一代。”

他说:“新加坡应该有中高档次、包伙食和提供医疗等服务的退休村,让付得起的老人有私人的服务式住所。”

林大悟的许多海外老年朋友就是这样卖了大房子,把钱用在退休村,有尊严地享受剩余岁月。

林大悟最后再三提醒,每个家庭的情况都不同,关键是老年人要有经济自由。

“不要太早分家产,也不要让他们知道将得到什么。如果孩子一直要钱,不断争吵,就索性捐给可以信任的慈善机构。”

 

个案② :多年沟通与磨合 父母终于安心“花钱”享乐

多年打拼后累积可观财富,年长父母想为儿女规划财产安排未来,但儿女更希望父母专注当下享受生活。两代人为彼此着想却一度引起不愉快,但如今达成共识,老两口放心“花钱”,晚年活出精彩和意义。

陈丽丝(化名,29岁,项目经理)的父母40多年前顶下红山一家小店铺,从小买卖一步步发展。随着公司规模越来越大,陈家的经济条件越来越好,21年前搬入了荷兰村一带的独立式洋房。

“父母特别疼爱我们四个孩子,花钱毫不吝啬。但我们从小目睹父母打拼的精神,也立志像他们一样,努力自力更生。”

陈丽丝说,大哥10年前结婚时打头阵,对想要为新人买房的父母说,以后都不会拿爸妈的钱。兄妹四人借机向父母提出,希望他们能够提早退休,去享受晚年生活。

“记得当时父母的反应很激烈,还问是不是觉得他们老了没能力赚钱养家,让我们哭笑不得。”

对陈丽丝和哥哥来说,父母从小的疼爱、付出和栽培才是最宝贵的财富,再多的遗产也不及看到父母在有生之年开心重要。

经过多年的沟通和磨合,如今年近70的父母终于完全理解儿女的立场,也就遗产事宜达成了共识。

父母在疫情暴发时退休,积极投身义工和慈善。随着边境开放,两人开始出国旅行,尝试年轻时没能享受的体验。

“我们告诉父母,他们最好把所有的钱都花完,不留任何遗憾。他们看到我们事业和生活都有足够保障,也就放心让我们自理。”

妥善安排遗产 儿女父母须坦诚沟通

老年学和信托专家认为,遗产或许不是越多越好,但究竟多少才“合适”、剩余的如何安排,还须要父母和儿女坦诚开放的沟通。

新加坡管理大学法学院教授陈汉吾说,多数新加坡人都要留遗产给孩子,希望子孙过得比上一代好。《回教法执行法令》就规定三分之二遗产须留给包括孩子的受益人。

针对SKIN的趋势,他认为,老练、超高净值者认为,留太多钱给孩子不是祝福而是祸害,“要达到目标努力奋斗,太多钱反而成了障碍,也会一直怀疑人们接近他们是为了钱”。

新加坡新跃社科大学副教授(老年学课程)和体验式教育中心高级专家马学嘉博士说,多数普通收入的家长担心留给孩子太少,因此可能省吃俭用,努力存钱给孩子,给他们带来更多金钱保障。

不过,遗产积累越多,越影响父母的生活质量。

她解释,这种心态和行为源自传统的集体主义(collectivism)价值观。不论是几十人的大家庭或是仅有四五人的核心家庭,成员之间都会考虑共同利益,必要时更是准备牺牲自我利益。

随着我国社会的变迁,家庭结构有所改变,有年轻一代选择单身,即使结婚,也可能计划只养“毛孩”(意宠物)、不要儿女。他们的日常开销因此可能更少,不大需要额外的金钱贴补生活。

马学嘉说,与其父母省吃俭用、拮据度日,相信孩子更乐意看到他们安享晚年,“父母和孩子两代人的观念不同,须要坦诚开放地沟通”。

生老病死是人之常情,但人们或因恐惧而忌讳讨论,孩子该如何开口与父母讨论遗产事宜?

马学嘉强调,每个家庭有个别的相处模式,但最重要的是以父母的意愿为中心。

她分享自己做义工的经验说,一些老人家对立遗嘱所需的程序和考量不了解,儿女就说教似地告诉父母该怎么做,附加自己对遗产的设想和要求,没考虑父母想要怎么安排。

“作为儿女,我们应该帮助父母了解过程,并尊重他们的意愿,在需要时帮助他们完成。”

陈汉吾是新加坡社区基金会(The Community Foundation of Singapore)捐献者指示委员会(Donor Advised Committee)成员,也为本地慈善组织提供咨询。

他说,一些富人觉得生活在危机重重、极度不平等的世界,所以希望捐一些遗产,改善贫困甚至气候问题。

“年轻一代对留遗产给慈善事业相当正面。这一代非常热衷于一些事项,例如气候改变。”

但陈汉吾认为,为慈善捐赠财产不仅是有钱人的专利。儿女如果有一定能力,以父母的名义给学校或大学捐钱设立奖项,也很有意义。“用大概5万元设个奖项,可以纪念死者多年。”

他指出,早前的殖民时期,英国政府没提供足够的社会服务,只能靠社群自发提供援助。

本地著名的华人慈善家就有陈笃生、陈嘉庚、陈六使和李光前,陈汉吾说:“从殖民时期,慈善早就成为新加坡DNA的一部分。”

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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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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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

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