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Coutts million dollar donor report 2015

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Home Resources News Coutts million dollar donor report 2015

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Coutts million dollar donor report 2015

John Doe

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.

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Group of elderly sitting around a round table

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Three young men playing soccer on a field, displaying teamwork, agility, and passion for the sport.

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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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John Doe

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”。

Related Topics For You: ACCESSING QUALITY EDUCATION, DONOR STORIES, EDUCATION, NEWS, STORIES OF IMPACT

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Epoch Times: Corporate philanthropy? When a company truly cares

John Doe

By Li Yen, October 2016

Download Epoch Times article – ‘Corporate Philanthropy? When a Company Truly Cares’

Corporate giving, or corporate philanthropy, has been gaining momentum in the Republic over the past decade, said Minister for Culture, Community and Youth Lawrence Wong in parliament on Nov 3, 2014. Donations by corporations to Institutions of a Public Character (IPC) have increased two-fold from S$325 million in 2004 to S$644.4 million in 2013, he added.

A Donor’s Journey: Learn how we are partnering The Maanas Cares Foundation to Leave a Legacy of Positive Change

Children dressed in bright costumes holding props while performing on stage

UBS Diversity in Abilities Concert – Celebrating the talents of children with special needs

Bright moon illuminating serene city park.

The Funding Network (TFN)

Looking back at Singapore’s history, charitable donations from corporations is not a recent trend. During the pivotal ‘60s, the tenacity to rebuild Singapore had kindled the philanthropic spirit of some corporations. They offered monetary donations to aid the newly independent nation to battle its problems.

According to a research paper entitled ‘Philanthropy on the Road to Nationhood in Singapore’ by Roshini Prakash and Pauline Tan, the Medical Progress Fund launched in 1965 collected a total of S$4.75 million, with donations from Singapore Turf Club (S$100,000), Singapore Tobacco Company (S$30,000) and The Straits Times (S$12,500).

Other imperative fund-raising projects like the National Defence Fund raised S$8.29 million by 1969. Donations came from big corporations, namely Fraser and Neave (F&N) (S$20,000), F&N’s Board Chairman Tan Chin Tuan (S$50,000), Overseas United Bank (S$150,000), Chinese Chamber of Commerce (S$63,325), and Sheng Huo Enterprise (S$25,000).

Why Should Companies Build a Culture of Giving Back?

Let us take a closer look at corporate philanthropy and corporate social responsibility (CSR). The two concepts are closely linked, just that philanthropy is a portion of the bigger corporate social responsibility pie.

Typically, corporate philanthropy comprises monetary donations or resources such as facilities or volunteer time put in by the company’s employees.

Nonetheless, while the motive of corporate philanthropy is altruistic, corporations have begun to foresee the need to initiate philanthropic schemes as corporate investment, to gain a better positioning edge over their competitors.

Corporate philanthropy denotes a company’s values. As Mr Lawrence Wong, Minister for Culture, Community and Youth, said at the NVPC Corporate Giving Practitioner Roundtable 2015: “Corporate Giving is a deeply important endeavour. When corporate organisations embark on volunteering or philanthropic efforts, it sends a strong message to all both inside and outside the company that they are more than just about bottom lines.”

Corporate philanthropy can be integrated into a corporation’s mission and corporate social responsibility to steer the company in the right direction. Not contradictory to their business interests, the company itself and the employees can reap the benefits of doing good while benefiting the communities it serves.

Catherine Loh, CEO of Community Foundation of Singapore (CFS), told Epoch Times: “Companies who do good and build a culture of giving back reap benefits like inspiring and engaging their staff, customers, suppliers and other stakeholders. Companies are also more likely to grow a positive brand image and attract and retain talent.”

Community Foundation of Singapore (CFS) is a non-profit organisation founded in 2008 to encourage and enable philanthropy in Singapore by enabling donors to set up their own named charitable funds.

CFS helps to bridge individual and corporate donors with charitable organisations to develop programmes and give out grants that support a wide range of needs in the community. Currently, CFS manages more than 80 donor funds, giving out S$10 million every year to make a positive change in many ways.

Ms Loh added that there are numerous benefits for companies looking to partake in corporate philanthropy, such as:

Increasing staff morale and employee retention
Attracting and retaining talent
Growing a positive reputation with the media and the public
Reinforcing corporate culture and identity
Generating business development opportunities
Improving customer retention and brand recall

For instance, Douglas Conant, who was President and CEO of Campbell Soup Company until 2011, noted that the more Campbell allocated their resources to developing philanthropic initiatives to serve the communities, the more engaged and productive their employees were.

Their meaningful mission of “building the world’s most extraordinary food company by nourishing people’s lives everywhere, every day” laid the foundation for the firm’s success.

In another example, American production firm DreamWorks SKG joined hands with schools to devise training programmes that taught low-income students in Los Angeles essential skills in the entertainment industry. This in turn contributes to a better education system that boosts the employability of these low-income students. In addition, having more specially trained graduates helps to strengthen the entertainment industry that it relies on.

However, companies engaging in corporate philanthropy should also comply with other ethical issues concerning environment, consumers, human rights, supply-chain sustainability and transparency, or they cannot be said to be practising good CSR even if they make huge donations to charities. Doing otherwise is just sheer hypocrisy and falsehood, said Gerard Ee, Chairman of Charity Council.

“First and foremost, you got to believe you have a broader responsibility than just making money,” stressed Mr Lee Poh Wah, CEO of Lien Foundation.

How Corporations Can Start Giving
Corporations wishing to kick-start their philanthropy effectively can approach the Community Foundation of Singapore (CFS).

“For companies that approach CFS, we help to kick-start their philanthropic journey by aligning their core values and intent with the needs of the local community,” said Ms Catherine Loh. “By setting a charitable fund with us, companies are actively involved in deciding how to make the most impact with their philanthropic money.”

CFS, which has a vision of growing a sustained culture of giving for generations to come, has worked alongside a number of corporations in Singapore – for example, Changi Foundation, Ascendas-Singbridge, Estate Developers Association (REDAS) and UBS – on their corporate philanthropy, which involves grantmaking that supports community projects.

A notable example is the Diversity in Abilities programme co-managed by the Community Foundation of Singapore with UBS, which aims to develop and showcase the artistic talents of children and youths with special needs.

As there are more than 2,000 charities in Singapore, CFS can “narrow down and identify charities that are aligned with their philanthropic objectives, given their knowledge and expertise, and we can identify gaps and opportunities to enable companies to make more strategic and effective giving,” said Ms Loh.

To ensure full transparency and accountability, CFS also assists donors in keeping an eye on how their philanthropic money is impacting the beneficiaries, the output, and outcomes through a rigorous programme evaluation and robust grantmaking process, as well as concise reporting.

“Companies find our services useful as they often have to report back to the shareholders on how their philanthropic money has been used.”

She added: “We can also help companies identify charities that can better accommodate their employees for volunteering activities. For example, we introduced a bank with many foreign employees to a charity that runs an English reading programme for children from low-income families. These native English-speaking employees could actively contribute by reading aloud to these children.”

“Companies can contribute time, treasure and/or talent. There is no one best way to give back,” she asserted.

CFS’s sister agency, the National Volunteer and Philanthropy Centre (NPVC), whose mantra is “Goodness is the Business of Every Organisation”, has a programme called the Company of Good that aims to help companies give better and holistically. For information, visit https://companyofgood.sg/

Related Topics For You: ACCESSING QUALITY EDUCATION, DONOR STORIES, EDUCATION, NEWS, STORIES OF IMPACT

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Stories Of Impact

Leading Foundation Teacher Award – Recognising outstanding teachers in early childhood and special needs education

John Doe

Winners of the 2016 Leading Foundation Teacher Award together with representatives from the Leading Foundation, National Education of Singapore, Ministry of Education and Community Foundation of Singapore.

The Leading Foundation Teacher Award was established in 2014 by Lim Siong Guan and Joanne Lim – co-authors of ‘The Leader, The Teacher & You’ and ‘Winning with Honour’ – to honour passionate and dedicated teachers in early childhood and special needs education.

Empowering Seniors to Age Well

Wheelchair-bound individuals enjoying a day at the zoo

Outing for Seniors Community Impact Fund – Bringing seniors out to improve their well-being

A woman tenderly assisting another women lying in a bed, providing care and support to ensure their well-being.

Migrants Emergency Assistance and Support (MEANS) Community Impact Fund – Helping migrant worker in need

Organised by the National Institute of Education (NIE) and managed by the Community Foundation of Singapore, the Leading Foundation Teacher Award is the first award in Singapore to recognise excellence in early childhood and special needs educators. To date, a total of 25 teachers have received the award.

Said Joanne Lim, co-founder of the Leading Foundation: “Coming from a family of teachers, we knew firsthand how much hard work, dedication, sacrifice and passion educators put in to make a positive impact on the lives of their students so we wanted to honour those who embody these values. After we published the first book, we established the Leading Foundation with the Community Foundation of Singapore. CFS went on to identify the lack of recognition for teachers in early childhood and special needs education and so the Leading Foundation Teacher Award was established to plug this gap.”

It is often said that the best teachers teach from the heart, not from a book – and that is exactly what has motivated recipients of the Leading Foundation Teacher Award who often go beyond the call of duty to make a difference in the lives of their students. To date, 21 teachers have received the award.

For allied educator Tutek Alauyah Amir who won the award in 2015, she makes the extra effort to put in place a comprehensive support system to ease special needs students’ first step into primary school.

As for fellow award recipient preschool teacher Jenny Tan, she believes that every child is different and hence tailors her teaching instructions to cater to every child’s learning style, needs and pace.

Another allied educator – 2016 award recipient Jeyaram Kadivan – laboured tirelessly with his visually impaired student to overcome daunting learning hurdles in secondary school. His support enabled the student to score seven distinctions at O levels.

For these exceptional educators, it is hoped that the Leading Foundation Teacher Award will spur them on to greater heights in their field of work, as well as inspire others to excel like them.

Photo: National Institute of Education, Singapore

Related Topics For You: ACCESSING QUALITY EDUCATION, DONOR STORIES, EDUCATION, NEWS, STORIES OF IMPACT

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Stories Of Impact

The Spooner Road Project – Reaching children and youths at the margins

John Doe

For vulnerable children and youths from disadvantaged families, daily life is often filled with myriad challenges. Many ‘troubled’ children and youths become at risk for delinquency and fail to complete school. Naturally, most of them don’t realise their full potential and may suffer from poor self-esteem or mental health issues.

As one of the few social work agencies with an added competency in educational psychology, Students Care Service (SCS) has an established track record of tackling issues faced by children and youths living at the margins. Today, it reaches over 6,500 children and youths each year through its centres and intervention programmes.

Set up during the covid-19 pandemic, Sayang Sayang Fund raised $9.7m over three years, supporting over 400,000 lives
应疫情设立 Sayang Sayang基金三年筹970万元惠及40万人

Goh Soon Tioe Centenary Fund – Nurturing future generations of musicians

A group of musicians passionately performing on stage, captivating the audience with their melodious tunes.

Celebrating the journey home through music

The unique challenges faced by one community along Spooner Road captured SCS’s attention, and led them to start the Spooner Road Project in mid-2015. At a recent site visit, the Community Foundation of Singapore (CFS) and other partners observed the dedication and efforts that are steadily impacting the Spooner Road community.

Located in an enclave of public rented flats in central Singapore, the Spooner Road centre is housed amidst a transient, vulnerable community of over 300 families. Many families often arrive here after losing their home due to financial issues. The physical isolation of these flats, which once served as the dormitories of railway workers, means everyday resources from healthcare to Family Service Centres (FSCs) are not easily accessible here. To help alleviate the difficulties faced by these families, CFS’s donor UBS funded a Foodshare programme where packed groceries were delivered to their doorsteps.

Many of the young living here struggle to access resources to support them as they learn and grow, exacerbated by the lack of spaces for play and constructive supervision by their caregivers.

To address the issues faced in this complex environment, the Spooner Road Centre offers a conducive, homely space for the young to spend time. The centre runs a range of supervised play sessions, study skills sessions, student football and special events, helping to keep these children and youths engaged in positive activities and decrease their risk of delinquency.

Another key area of impact is addressing the school readiness of the children living here. With some falling as far as two years behind their peers, the team at SCS identifies candidates for its Reading Odyssey Programme to help increase reading ability. SCS Social worker Tok Kheng Leng highlights the importance of these timely interventions, “When children first go to school already lagging behind their peers, it’s difficult for them to catch up. One side effect is they start to misbehave. It’s then a downward spiral of being labeled as deviant child.”

In early 2018, the team is looking forward to further bolster their existing efforts in improving school readiness. It’s looking to pilot a new programme, based on recent research, to empower students from disadvantaged backgrounds to achieve academic success. As Centre Director Lee Seng Meng explains, “We’re excited to be piloting these new strategies. If we can garner positive results, it would be very helpful when we work with other communities facing similar challenges.”

Photo: Students Care Service.

Related Topics For You: ACCESSING QUALITY EDUCATION, DONOR STORIES, EDUCATION, NEWS, STORIES OF IMPACT

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News

Social Space issue 8: Collective philanthropy – the strength of giving together

John Doe

By Rob John
“Giving to charity has never been a solitary activity in any culture. People have joined together to give for millennia. In Asia, clan associations, religious groups or just friends have enjoyed the benefits of giving as a group. But there appears to be a renaissance of collective giving with the advent of more organised, strategic and outcome-focused philanthropy. At the Asia Centre for Social Entrepreneurship and Philanthropy (ACSEP) where I am presently based, our research team’s curiosity about giving circles was first piqued when investigating the nature of innovation in Asian philanthropy in 2012. In that study, we reported several initiatives where individuals pooled their resources and jointly selected a non-profit organisation to fund. Since then, the number and variety of giving circle models have increased across the region, leading me to believe that giving circles will contribute significantly to the development of philanthropy in Asia over the coming decade.”

Read more about ‘Collective Philanthropy, the Strength of Giving Together’ on Pg 19 of Issue 8 of Social Space.