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Coutts million dollar donor report 2015
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Coutts million dollar donor report 2015

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The Coutts Million Dollar Report produced in association with the Community Foundation of Singapore tracks trends in donations of $1 million and above made by individuals, foundations and corporations in Singapore and around the world. The findings of the 2015 report provide valuable insight into major giving over the course of 2014. While the combined figures did not match those of the previous year, the overall message of major philanthropy remains a positive one, with education being a popular recipient of donations across the world. In addition to presenting and analysing the findings, the report also includes case studies of million dollar donors including our Board member Keith Chua

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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Stories Of Impact

Goh Soon Tioe Centenary Fund – Nurturing future generations of musicians

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Goh Soon Tioe "One Great Symphony"

Goh Soon Tioe (1911–1982) is remembered as one of Singapore’s greatest musical pioneers. Besides being an accomplished violinist, conductor and teacher, he brought hundreds of international performers to the Singapore stage. He also took the Singapore Youth Symphony Orchestra on successful tours around the world.

In 2011, in celebration of his birth centenary year, his family established an endowment fund with the Community Foundation of Singapore (CFS) to support talented young classical musicians who wish to build a career in music.

The Goh Soon Tioe Centenary Fund is managed by CFS and awards scholarships to young Singapore musicians with a consistent track record of outstanding musicianship and performance. Winners include guitarist Kevin Loh, violinists Joey Lau, Mathea Goh, Alan Choo and Helena Dawn Yah, double bassist Julian Li Yongrui and cellist Theophilus Tan.

On the motivation for starting the fund, his daughter Cultural Medallion winner Vivien Goh said, “I decided to establish an award in memory of my father when I was inspired by CFS’ stories of how endowed funds could help deserving individuals achieve their goals and dreams.”

Photos: Adrian Tee and Gilbert Chan of Pixelmusica, Singapore Press Holdings, winners.

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”。

Picture of admin bluecube
admin bluecube

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

Accessing Quality Education: Three Areas Where Donors Can Make A Difference

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Smiling children wearing orange shirts sitting at a table with notebooks

Students without means often do not enjoy the same opportunities as their well-to-do peers. Some are forced to give up their studies to support themselves and their families. Others struggle throughout school without realising they have a learning disability. Some younger children are less school-ready, leading them to fall behind academically. With grants from CFS donors, at-risk students can get the right support to access quality education, one of five focal outcome-centred causes that CFS champions.  

We firmly believe education can boost a person’s employability, and promote inclusivity and integration within society. However, we recognise that not every child has an equal shot at obtaining the education they need. With targeted philanthropy, we bridge critical gaps and improve social mobility for our most vulnerable young.

CFS curates evidence-backed programmes that stretch from pre-school to tertiary level. In this article, we focus on three essential areas where, together with our donors, we continue to make a tangible impact. These are financial assistance for living expenses, helping children with learning differences and building skills for primary-level pupils. 

Letting Students Focus on Learning Through Financial Assistance

At the Institute of Technical Education (ITE), students gain diplomas and valuable skills in a variety of industries, from food science to nursing to IT.  The majority of ITE students, however, come from challenging backgrounds: 46% are from families with a per capita income of under $1,000, more than twice the national average. Many then have to work part-time, leaving less time for their studies.

ITE lends a helping hand to these youths through the Monthly Financial Assistance Scheme (MFAS). Beneficiaries receive $150 per month for six months to help with their food and transport costs. 

ITE is only able to help some of their students with MFAS and relies on donor support to ensure greater coverage. This would help even more students on their quest to graduate and find gainful employment. 

Similar financial assistance schemes are also offered by AMKFSC Community Services Ltd, Nanyang Polytechnic, Ngee Ann Polytechnic, Republic Polytechnic and Temasek Polytechnic. Numerous students with limited family support stand to benefit from your generosity.

Support for Dyslexia Assessments

Children with learning differences often have difficulties keeping up in school. This can severely impact their academic life and hurt their career opportunities. Some have dyslexia without knowing it: global incidence rates suggest that up to 10% of the school-going population may suffer from dyslexia.

In Singapore, the Dyslexia Association of Singapore (DAS) conducts close to 1,000 psycho-educational assessments each year, based on referrals by teachers and parents. These assessments are important in identifying the needs of struggling learners to make appropriate recommendations for learning support. However, about 35% of these children come from low-income families, who will not be able to afford the costly assessment fees.

Donor support from CFS directly funds psycho-educational assessments by trained psychologists at DAS. Once diagnosed, the children will be able to receive support tailored to their learning abilities. Through early intervention, donors are helping disadvantaged children overcome their learning differences, allowing them to fulfil their potential.

After-School Enrichment Builds Skills and Confidence

Each child starts at a different point in primary school based on their socio-economic background. Those from families facing challenges may have weaker literacy or numeracy skills and thus be less prepared for school.  Being placed into lower-performing classes may demoralise and frustrate these children, leading to disinterest and reduced academic motivation.

KidsExcel works closely with primary schools to reach out to students from families with a gross household income below $2,750 or per capita income below $690. It runs regular enrichment sessions which address learning gaps as well as activities centred on sports and life skills. This includes drama, public speaking and robotics. The programme boosts resilience and character-building while helping the kids academically. It also empowers parents to participate in their children’s educational journey.

In 2022, KidsExcel served 350 primary school children across 11 centres. An encouraging number of children were able to improve their grades, while 87% of Primary 6 pupils passed their PSLE. Through KidsExcel, donors are helping to level the playing field for underprivileged children in primary schools. 

We could spark change with far-reaching effects by funding a programme that improves access to quality education. Drawing on our experience working with charities and partners over the years, CFS is here to offer advisory and administrative support so that you can focus on the transformative power of your giving to educational causes.  

Learn how CFS can help you support access to quality education at https://www.cf.org.sg/giving/ways-to-give/.

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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
admin bluecube

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

Helping migrant workers with a home and a heart

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Happy group of individuals posing with a 'home' sign.

When Li Meimei*, a single mother of two young children from Chongqing, China came to Singapore last year, she had hoped to be able to work to pay off the loan of RMB 200,000 (SGD 40,000) which she had taken out in her home country.

However, she got far more than she had bargained for when she started working for a beauty and massage parlour in Singapore. Not only did Li have to pay kickback to her employer, she was also coerced to perform illicit acts for customers. When Li refused, she was punished with menial labour such as cleaning and clearing out rubbish.

While working, Li suffered a fall and fractured her tailbone. Her employer was unsympathetic, and after discovering that Li would take a long time to recover, cancelled her work permit and attempted to repatriate her without compensation of salary or returning her kickback.

Eventually, Li managed to seek reprieve when she approached the Humanitarian Organization for Migration Economics (HOME). HOME is supported by the Migrants Emergency Assistance and Support (MEANS), a Community Impact Fund (CIF) managed by the Community Foundation of Singapore (CFS). HOME provided Li with shelter, food and a transport allowance, even paying for her medical bills which allowed her to continue treatment for her injury.

Singapore is host to more than a million low-skilled and semi-skilled migrant workers from countries in the region, and many of these workers experience similar situations faced by Li Meimei. Unpaid salaries, overwork, physical and psychological abuse are the problems that some of these men and women have to endure during their employment in Singapore. A significant number of migrant workers are also victims of forced labour and human trafficking.

Through CFS’s casework team, HOME was able to assist 1,400 marginalised migrant workers in 2019. Out of that number, 409 workers were provided with financial assistance to pay for temporary accommodation, seek medical care and buy food. CFS disbursed a grant of over $47,500 in June 2019 using donations via Giving.sg. Such financial assistance is also extended to support male migrant workers who are evicted from their dormitories, or for migrant workers to purchase flight tickets and bus rides to reach their home countries safely.

HOME received IPC charity status in 2004, and continues to be one of the few organisations in Singapore that provides support to migrant workers and is dedicated to upholding their rights. Their efforts are primarily directed towards the welfare and empowerment of migrant workers, which are focused on but not limited to shelter, transport, crisis support, skills development, counselling and medical needs.

*not her real name

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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
admin bluecube

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

All about legacy giving

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a portrait of an old lady

LEGACY giving is not the prerogative of the ultra-wealthy alone. That is the mindset the Community Foundation of Singapore (CFS) wants to inculcate with its latest movement – the Legacy Giving Initiative (LGI) – which was launched by a campaign called A Greater Gift last November.

According to a Social Pulse survey, while the majority of respondents (83 per cent) flagged awareness on what legacy giving is, only 33 per cent considered legacy as a means of giving, and just 3 per cent indicated they would take action.

Legacy gifts can be broadly defined as planned, future donations to charities, which include cash, marketable securities, insurance payouts, and CPF monies. Those looking to support a cause over a period of years can establish a donor-advised fund (DAF) with organisations such as CFS to manage grant distributions. Now, about six months after the Legacy Giving Initiative was launched, CFS is shifting into the knowledge phase of its initiative.

CFS chairperson Christine Ong said the foundation “will drive this phase by engaging with prospects and partners, conducting targeted research to gather data insights, and building formal alliances with multipliers”.

“The digitally-led campaign, A Greater Gift, has introduced people from different walks in life in Singapore to legacy giving,” she said.

CFS’ microsite on legacy giving has reached out to three key audiences – individuals, professional advisers and charities – receiving over 33,000 page views from 19,000 visitors since its launch and offering information on legacy giving.

Radio spots were also featured in the campaign, reaching over 1.3 million people.

Gregory Vijayendran, the president of The Law Society of Singapore, said that for the gift-giver, legacy giving has four advantages.

First, it allows the donor to give their own voice to their unique personality, values and beliefs for a cherished cause. Secondly, it creates a meaningful memorial to perpetuate the legacy of the donor, he said. Thirdly, it positively impacts subsequent generations through sustained giving. And, lastly, he said it deepens and lengthens the connection between the charity and the donor.

Ms Ong is keen to build on the momentum gained so far. She said that donors’ profiles with CFS have evolved over the last 12 years since it was set up.

“The younger generation is more interested to identify problems, or be more involved with understanding the issues and identifying the cause before they decide to set up a fund,” she said.

CFS is looking into ways to measure the social impact of the research programme.

“We hope to see how this can be done on a more standardised national level. We want donors to be more focused on the impact of their giving and, at the same time, allow charities to upscale, to make them better stewards to their donors,” said Ms Ong.

“CFS will be sharing knowledge on legacy giving, to empower and enable more individuals to plan and make legacy gifts. In addition, we will work with professional advisers by providing them with resources to help them ignite conversations with clients, and share its knowledge on legacy giving, as well as the potential of DAF, to empower and enable more individuals to plan and make legacy gifts.”

To date, CFS has cultivated over 400 professional advisers and charity representatives, through online events, seeding a network of conversation starters and multipliers for legacy giving.

Ms Ong said the aim is to send the broader message that “everyone can give”.

“Giving is not about the amount and you can start at any stage of your life. For those who can set up their own DAF, they can make a pledge – we will take pledges of S$200,000 and create funds for them,” she said.

“Regardless of one’s background and lifestyle, everyone can play a part in the shared ambition for a fairer and more sustainable Singapore.”

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

To find out more about Legacy Giving, kindly visit our Legacy Giving website or contact us here.

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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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