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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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Opinion

Eileen Heisman: Donor advised funds are a flexible tool that can adapt to changing giving interests

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A woman confidently delivering a speech at a podium, standing before a sign, conveying her message with conviction and authority.

(Excerpts from a keynote speech by Eileen Heisman, President and CEO, National Philanthropic Trust delivered at the CFS Philanthropy Forum 2019)

When I was here in Singapore a decade ago as part of the Community Foundation of Singapore’s (CFS) international advisory committee, the idea of being involved in the global launch of a community foundation was so exciting to me. Everyone here was really eager to learn. They wanted to have impact. I knew CFS was going to set its own path.

Over 22 years ago, I was sitting in a dark, private cubicle trying to figure out what to do with this brand new charity I was part of. Today, National Philanthropic Trust (NPT) – which is the largest independent donor advised fund (DAF) administrator in the United States – has raised US$13 billion in charitable contributions and currently manages US$7.4 billion in charitable assets. In recent years, we’ve started making global grants of around US$700 million to over 75 countries.

I see a lot of similarities between CFS’s journey and my time in that small cubicle. CFS has raised S$130 million and given away S$70 million. With this incredible talent, opportunity and resources you have here, I believe there’s so much more CFS can grow as a community foundation.

What compels a potential donor to act? I’ve spent a lot of time thinking about this question throughout my career working with donor advised funds. Just as every person comes to this earth with different gifts and backgrounds, donors have vastly different philanthropic goals. I’ve had the privilege of getting inside the thinking of donors and understanding what excites them about philanthropy. One of the biggest moments in my career at NPT was when a donor from New York City donated US$200 million to us. He was an early adopter and one of those people who saw opportunity.

I like to say donors don’t give to us, they give through us. Donor advised funds are flexible. They are relatively inexpensive. They can meet and adapt to changing interests. If you were interested in a cause when you were younger and that changes as you grow older, you’re not wedded to that particular cause because you can shape the fund according to your preferences. Philanthropy is also about legacy. A DAF is a tool you can spend down over your lifetime or you can pass it down to your children.

It’s one of the reasons why donor DAFs are the fastest growing philanthropic tool in the United States. The number of DAFs has doubled in the US over the last five years. In addition to Singapore, there is growing interest in DAFs in Asia, from China, India, Hong Kong to Japan. As a philanthropic tool, I believe DAFs are going to become more and more popular.

If I had to give a piece of advice to new donors: when you’re getting started with giving through DAFs, it’s important not to overcomplicate the process. Start simple. Find two or three causes you really like. Find one or two good charities in each of those categories, and support those charities over three to five years.

With any social issue, nothing gets solved within one year. In the social sector, we learn about solutions to existing problems from trying new things. Don’t be afraid to fund solutions that are new because it’s the only way we learn. It’s as important to fund failure as it is to fund success.

One of the wonderful things about being part of a community foundation is that it truly is a way to make the world a better place. Doing it with partners and the community’s collective effort makes the journey so much more enjoyable than doing it alone.

Eileen Heisman
President and CEO
National Philanthropic Trust

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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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

The Straits Times: Teen violinist with an astonishing maturity

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a picture of a girl playing a violin

by Chang Tou Liang, 29 October 2016

“Fifty years ago, the classical music scene in Singapore was spearheaded by Goh Soon Tioe (1911-1982), violinist, pedagogue, conductor and all-round music entrepreneur.

His name lives on in the award created in his memory, given to exceptional young Singaporean string players and administered by his daughters Vivien and Sylvia, and the Community Foundation of Singapore.

The recipient of this year’s Goh Soon Tioe Centenary Award is teenager Mathea Goh Xinyi, a student of former child prodigy Lee Huei Min, whose 75-minute solo recital distinguished her as a major talent to watch in years to come. There was nothing student-like in her playing, only an astonishing maturity that has to be experienced to be believed.” Read more

Photos: Adrian Tee of Pixelmusica

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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

Fresh off the press

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Annual report 2018
In financial year 2018, CFS received a total of $9.7 million in donations. We disbursed $12.4 million worth of grants to 186 charitable organisations supporting various causes. This year’s annual report also showcases CFS’s latest donor advised funds, grantmaking highlights, collaborative giving initiatives and recent events.
Download your copy here.

A Call for Collaborative Giving
This first Colabs publication – a collaboration between CFS and NVPC – sheds light on the challenges disadvantaged young persons face at home, and the impact of the family environment on educational attainment and social mobility. The guide offers suggestions on collaborative action to help givers close the gap for these individuals.
Download your copy here.

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”。

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

Homeless during the pandemic: how our Sayang Sayang Fund responded with agility

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a homeless person sitting on the ground

When Singapore locked down during the pandemic, homelessness became a visible, urgent issue. Cross-border commuters and people that had lost their housing due to irregular income or family conflict joined the rough sleepers who scrape by on the margins of our society.

But with any crisis, there is an opportunity to make things better. In this instance, the authorities and social service organisations moved quickly, joining forces to provide temporary shelters. “The rapid expansion of overnight shelter capacity – from around 60 places at the start of 2020 to a peak of 920 during the circuit breaker – was a considerable feat and evidence of what can be achieved with bureaucratic will and an active civil society,” notes a new study called Seeking shelter: Homeless during the COVID-19 pandemic in Singapore.

Conducted by the Lee Kuan Yew School of Public Policy (LKYSPP), this landmark study was funded by the Community Foundation of Singapore’s Sayang Sayang Fund(SSF). SSF decided to fund this research project to gain deeper insights into the issue of homelessness and how charities can better meet this critical gap.

The study involved a nationwide street count in 2021 and in-depth interviews and was led by Dr. Ng Kok Hoe, a senior research fellow and head of the Social Inclusion Project at LKYSPP. Dr. Ng and his team found that in 2021, the number of homeless people who took refuge in temporary shelters shot up six-fold to 420 compared to 2019. 

Shelters offer greater safety, protection from the elements, and access to basic amenities. At one point during the circuit breaker, homeless shelters reached capacity. “Homelessness is one of the harshest forms of social exclusion,” the study points out. To be homeless in a pandemic, it adds, is to experience even sharper dislocation and hardship.  

Protecting people living on the streets during a public health crisis was one of the many challenges SSF stepped in to address swiftly. SSF was launched in February 2020 as an emergency Community Impact Fund (CIF) during the early days of Covid-19. It was designed to support frontline and healthcare workers.

Donors responded with overwhelming generosity to our appeal. SSF raised a total of $9.6 million from multiple platforms, tripling our initial target. A campaign on Giving.sg alone raised $1 million in donations from the public. All this helped turn SSF into our largest and most impactful pooled fund to date. 

As the pandemic unfurled, unmet needs among vulnerable groups in Singapore escalated. Our deep understanding of on-the-ground issues and strong relationships with charities and government agencies meant CFS could form strategic partnerships to channel funds to the needy in the fastest and most effective way. 

As part of its SafeSleep@Home initiative, SSF gave a $417,000 grant to four charity partners – AMKFSC Community Services, Good News Community Services, Methodist Welfare Services, and New Hope Community Services. The money covered daily necessities, furnishings, and other costs associated with sheltering over 476 rough sleepers.

As of December 2020, about 10% gained permanent housing. 

“Collaboration and trust are key in times of crisis,” says Joyce Teo, executive director at the Centre for Applied Philanthropy at CFS. Aside from rallying donor support, CFS tapped on its extensive cross-sector network to generate diverse perspectives, allowing SSF and other stakeholders to respond efficiently and collectively to the homelessness dilemma. 

To date, SSF has launched ten programmes. The fund has also worked with 891 grantee organisations and touched the lives of 359,302 beneficiaries. It is a powerful example of how collaborative philanthropy can tackle societal problems with agility. 

“The crisis created opportunities for different stakeholders and built new partnerships. It was also a useful learning curve,” notes Joyce. The learnings from this, plus the research findings from Seeking shelter, put CFS in a better position to deliver services to the homeless. “All these work together to help us build a more resilient community better equipped to deal with future crises,” she adds. 

To learn more about the Sayang Sayang Fund and its impact, please click here.

This article was written by Sunita Sue Leng, a former financial analyst and journalist who believes that the written word can be a force for good. She hopes to someday write something worth plagiarising.

Disclaimer: The opinions expressed in this publication are those of the author. They do not purport to reflect the opinions or views of CFS or its members.

References

Ng, K. H., & Sekhon Atac, J. S. (2022). Seeking shelter: Homeless during the COVID-19 pandemic in Singapore. Singapore: Lee Kuan Yew School of Public Policy. https://lkyspp.nus.edu.sg/research/ social-inclusion-project

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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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