News
Coutts million dollar donor report 2015
wavy line banner

News

News

Coutts million dollar donor report 2015

Picture of John Doe
John Doe
Coutts Logo

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

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.

News

Bank of Singapore partners Community Foundation of Singapore to provide clients with philanthropy services

Picture of John Doe
John Doe
a person pushing a person in a wheelchair

Bank of Singapore, the private banking subsidiary of OCBC Bank, has partnered with non-profit organisation Community Foundation of Singapore (CFS) to provide its clients with philanthropic services. 

 With this partnership, CFS will work with the bank’s clients to translate their interests, values and goals into philanthropic strategies that meet giving goals of the clients and match the needs of the local community. To develop these strategic giving plans, CFS will use insights from its Charities and Grants team and consult its philanthropy advisors.

In a press release on Monday (May 23), Bank of Singapore stated that the partnership comes at an “opportune time” as philanthropic activities amongst ultra-high and high net worth individuals are on the rise. 

Headquartered in Singapore, the bank serves high net worth individuals and wealthy families markets of Southeast Asia, Greater China, Philippines, India Sub-Continent and other international markets. 

Based on statistics from Knight Frank, 54 per cent of global family offices, a strategic client segment that the bank is focused on building, were increasing their philanthropic activity in 2021. 

Bahren Shaari, chief executive officer of Bank of Singapore, believes that CFS’ expertise and insights into Singapore’s charitable landscape will help the bank’s clients to map out charitable-giving goals that align with their values and ambitions.

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

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

Beyond cultural philanthropy: The art of making a difference

Picture of John Doe
John Doe
group of musicians practicing together

Last month’s Patron of the Arts event was a spot of sunlight at a time of gloomy Covid-19 headlines. The fact that Singaporeans – individuals as well as corporations – are still strongly supporting our arts groups in cash donations as well as with in-kind gifts was a heartening takeaway for everyone who cares for the arts and cultural scene in our country.

The annual awards – alongside a similar counterpart in the heritage sector – are a meaningful way to thank those who have been generous to the cultural landscape. And I am sure patrons also enjoy being in the limelight for an evening and being recognised for the vital support that they give to Singapore’s culture.

Cultural philanthropy is important for sustainability in the sector as it complements the grants given by the Government and the income that groups earn from ticket sales, classes and other programming.

However, while awards may recognise more significant donors, in reality, everyone can play a part, and arts companies appreciate all contributions, big or small. The income tax deduction also serves as an added incentive.

But beyond philanthropic giving, there are numerous other ways Singaporeans support the cultural scene. For starters, there are the skilled but unpaid volunteers who help out in many arts companies, serving on the board or on one of the committees. Today, with many arts companies being charities and some even Institutions of Public Character, which can collect tax-exempt donations, the boards have the important role of ensuring compliance with the latest codes of governance.

Fortunately, many of our leading arts companies have volunteers from the corporate world, including bankers, lawyers and accountants, who can contribute their expertise and ensure companies are well run, with funds from donors and grant-givers accounted for.

Sometimes, where necessary, they even mediate the relationship between the artistic team and company’s administrators who manage the purse strings.

Supporting artists’ works

It is also important to remember philanthropic giving typically benefits these arts charities. So any largesse may not benefit the freelance musicians, creative writers and visual artists, unless they receive commissions from the companies.

That is why there is another kind of patron who should be recognised. These patrons visit the artists’ studios, check what they are working on, and acquire or commission new works as a show of support. This is not philanthropy that attracts tax deductions, but such patrons have been instrumental in sustaining the careers of the visual artists, especially in the early days of their practice.

One sterling example of how one individual can make a difference is architect, art collector and former chairman of the National Gallery Singapore Koh Seow Chuan. His support of, and genuine interest in, Singaporean artists from pioneer painters like Cheong Soo Pieng to young contemporary artists, is well known and documented in Singapore’s art history. Singapore needs more committed patrons like Mr Koh.

Corporations, too, can give work to home-grown artists through active commissioning. For example, Raffles Hotel, as part of its reopening earlier this year, commissioned a playwright and theatre practitioners to create a virtual whodunnit set on the hotel’s beautiful grounds.

Co-owning the arts

But why is giving to the arts important in the first place? Why can’t the Government just fund and take care of everything? Well, that is because the arts should be co-owned by the people, even if there is strong government support. This model also ensures a diversity of artistic expressions and encourages more ground-up creations.

For individuals who step up and offer their time, energy and financial wherewithal, I suggest that they are driven by a deeper desire beyond a personal love for an art form. They clearly understand that art created from the community has something unique to say about the world we live in, conveyed through an artist’s sense of aesthetics or personal philosophy.

Such individuals also appreciate how the arts can inspire, restore weary spirits, and bring joy to people. Thus, by enabling artists or arts groups, these engaged individuals enrich the larger community and by extension, the nation.

For those with both ambition and resources, individuals have even galvanised like-minded people with diverse skills to start an arts company. Two relatively new organisations that have made significant strides in recent years are the Jazz Association, which develops and promotes home-grown jazz talents, and Re:Sound Collective, which programmes excellent chamber music for classical music lovers.

This is the spirit we need to harness in the Singapore of tomorrow. Certainly, the Government has signalled that it welcomes more partnerships with the private and people sectors, and no doubt, it has the resources to enable growth. This, of course, means a joint ownership of the arts and the attendant challenges in artistic excellence and audience development.

For those with the interest, skills or financial means but have no idea how to navigate and support the cultural scene, here are some practical suggestions.

The National Volunteer And Philanthropy Centre provides a service that matches skilled volunteers with leadership roles in non-profit organisations, including arts companies. First-timers can always start with event-based volunteerism, or by serving on a sub-committee, before offering to contribute on a board.

For those with more substantial financial means, they can approach the Community Foundation of Singapore (CFS), which can advise them on how to start a fund to support the cultural scene.

The CFS has helped donors set up charitable trusts with an interest in giving to the arts, among other priorities, on a sustained basis. In particular, newly settled entrepreneurs or business owners from overseas could consider this both to support and better understand the Singaporean cultural fabric.

One area Singapore can do better is in how the Government and an active citizenry can jointly identify the gaps in specific sectors, and establish ways to work together on solutions and co-deliver the outcomes. The Government should not be expected to have its finger on the pulse of every part of society, and indeed may not also be in the best place to respond to every challenge.

Timely questions

For the arts, this is a timely question as the National Arts Council takes stock of its first five-year arts master plan and looks ahead to its next.

Should grooming pop music talent for export or developing community arts for positive social outcomes be a priority? What about adapting our home-grown literature across multimedia or facilitating more translations? And importantly, how can the people sector jointly own these priority areas?

The approach here applies to other parts of society as well – from the social sector to sports and the environment. A trusting partnership between the Government and committed citizens will lead to Singaporeans proactively owning challenges and gaps in specific sectors, encourage experimentation on new approaches while providing greater clarity to private funders and skilled volunteers on where to focus their energies.

Successful partnerships will also reduce duplication and inefficiencies, such as having too many parties with similar missions or chasing after the same demographic to provide services.

As existing non-profit companies make an objective assessment of their future and relevance to their stakeholders, government agencies will also need to reflect on how much more space they can cede to support the growth of the people sector to achieve such strong partnerships.

This will be critical for a resilient citizenry, as society matures and the people continue to grapple with the pernicious impact of a protracted pandemic.

  • Paul Tan is the former deputy chief executive of the National Arts Council and serves on a few boards of non-profit arts companies in Singapore.

If you would like to start your journey of effective giving, visit here.

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

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

Berita Harian: Programme to prepare youths for the workplace launched

Picture of John Doe
John Doe
A group of friends making drinks

Read more.

Translation:

Two programmes to help disadvantaged youths transition from school to work were launched yesterday in conjunction with the opening of the A.P.T.I.T.U.D.E Centre at ITE College Central.

Launched by the Singapore Youth Impact Collective (the ‘Collective’), the initiative is the first of its kind in Singapore that uses the collective impact model and allows donors and non-profit organisations to solve complex social issues together.

CFS deputy CEO Joyce Teo explained further: “This approach recognises the value of collaboration in addressing complex social issues that requires the coordinated efforts of multiple entities, often from different sectors.”

The Collective wants to increase the ability of youths from underprivileged backgrounds to succeed in the workforce through training and skills development.

The Collective comprises six members, namely Changi Foundation, the Community Foundation of Singapore (CFS), Credit Suisse, Octava Foundation, SHINE Children and Youth Services (SHINE) and TOUCH Community Services (TOUCH). To date, the funders have pledged close to $1 million towards the programmes.

The programmes, A.P.T.I.T.U.D.E Centre at ITE College Central and Youth Forte, aim to encourage young people to get their education qualifications, to develop their socio-emotional skills and provide them with access to job opportunities.

For example, A.P.T.I.T.U.D.E which is run by TOUCH in collaboration with ITE will offer structured programmes.

TOUCH youth coaches will work closely with the ITE-identified classes and help students work hard towards achieving their dreams

The Youth Forte programme targets youths 17 to 21 years’ old who are not in school or not working more than six months, and are facing difficulties entering the workforce.

Conducted by SHINE, the programme guides these young people through various stages including assessment, individual guidance, socio-emotional training, job skills training, practical training and vocational training that provides WSQ certification.

Talking about leveraging on the collaboration, Anita Low-Lim, Senior Director (Children and Youth Group), TOUCH, said, “This is a great opportunity for TOUCH to work with similar-minded partners who want to improve the work of youth development work and develop better training programmes.”

Benjamin Teo, Centre Director for Yishun Centre, SHINE, agreed:“The collective impact model allows non-profits to tackle operational challenges together with the donors. I’m positive this will help us in making a greater in the lives of these youths and their families.”

The Collective’s programmes are for youths aged 17 to 25 who may need support in school or after graduation as they seek employment.

Their aim is to empower 230 youths to be work-ready over the next three years.

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.

News

Let us continue to sayang our community

Picture of John Doe
John Doe
Young learners sitting on the classroom floor, participating in educational exercises.

We have been overwhelmed by the generous show of support for our community-driven Sayang Sayang Fund; from private individual and corporate donors who donated to the fund directly or set up their own fund-raising pages, we have far surpassed our initial target.

We have given out transportation vouchers to hospitals and polyclinics and are now looking to support vulnerable communities especially impacted by COVID-19’s precautionary measures.

Like the seven thousand children from low-income families who are now at risk from losing access to meals provided in school with the implementation of home-based learning. That is our focus now.

And that is why the Sayang Sayang Fund remains open: to help make sure no one falls by the wayside during this challenging period.

We aim to achieve this by:

  • Supporting community-based emergency response funds for marginalised communities adversely affected by the COVID-19 situation.
  • Providing innovation solutions and research to better combat COVID-19.
  • Building capabilities that support charities’ operational and/or business continuity processes.

Your heart-warming outpouring of love truly brings to life the community spirit of the Sayang Sayang Fund. Thank you for your continuing support.

*The Sayang Sayang Fund is a community impact fund to care for the vulnerable in our community during times of national crises. To support the Fund, please visit giving.sg or email contactus@cf.org.sg.You can also donate via PayNow. All donations above $50 are tax deductible.

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.

Trending Stories

Scroll to Top