News
Donations to CFS increased by 60% over the past two years
新加坡社区基金会 两年多善款增六成
wavy line banner

News

News

Donations to CFS increased by 60% over the past two years
新加坡社区基金会 两年多善款增六成

Picture of John Doe
John Doe

Over two years, the number of Donor-Advised Funds (DAFs) managed by the Community Foundation of Singapore (CFS) has increased from 162 to 235, and total donations received since inception has risen from $192 million to $311 million. As of 31 December 2023, CFS has disbursed over $169 million in grants, a big jump from the $114 million disbursed as of 31 March 2021. 

Speaking to Zaobao, CEO Ms Catherine Loh, shared that one reason for the significant increase in donations was due to a few large donations exceeding $10 million over the past three years. She also highlighted the introduction of Legacy Giving by CFS, and the organisation’s efforts to work more closely with financial and legal advisors to promote philanthropy. Notably, about 15% of CFS’s DAFs are memorial in nature, including the recently established Adrian Tan Memorial Fund in 2023. 

Learn more about our DAFs at https://cf.org.sg/donors/donor-advised-funds/.

截至2023年12月31日,新加坡社区基金会发放的善款超过1亿6900万元,比截至2021年3月31日的超过1亿1400万元多,造福更多人。(档案照片)

Over two years, the number of Donor-Advised Funds (DAFs) managed by the Community Foundation of Singapore (CFS) has increased from 162 to 235, and total donations received since inception has risen from $192 million to $311 million. As of 31 December 2023, CFS has disbursed over $169 million in grants, a big jump from the $114 million disbursed as of 31 March 2021. 

Speaking to Zaobao, CEO Ms Catherine Loh, shared that one reason for the significant increase in donations was due to a few large donations exceeding $10 million over the past three years. She also highlighted the introduction of Legacy Giving by CFS, and the organisation’s efforts to work more closely with financial and legal advisors to promote philanthropy. Notably, about 15% of CFS’s DAFs are memorial in nature, including the recently established Adrian Tan Memorial Fund in 2023. 

Learn more about our DAFs at https://cf.org.sg/donors/donor-advised-funds/.

过去两年多,新加坡社区基金会管理的慈善基金从162个增至235个,善款从1亿9200万元提高到3亿1100万元,增约六成,显示国人对慈善的意识不断提高。

截至2023年12月31日,新加坡社区基金会(The Community Foundation of Singapore,简称基金会)发放的善款超过1亿6900万元,比截至2021年3月31日的超过1亿1400万元多,造福更多人。

新加坡社区基金会总裁罗佩仪答复《联合早报》询问时说,过去三年,基金会接到几个超过1000万元的慈善基金,这是善款增加的其中原因。

另一原因是因为基金会积极推广遗赠项目,并且与财务专员和律师更紧密合作,让更多人认识基金项目,所以取得积极成效。

基金会在2008年成立,通过可持续、妥善和具透明度的方式,协助个人、家庭或企业设立或管理慈善基金。

捐款者能以自己、家人或公司名义设立基金,或为逝者设立基金。遗赠可包括现金、提名基金会为受益人的保险赔付或公积金存款,以及有价证券或房地产等。

捐赠者可指定受惠者,基金会将与相关慈善团体配对,制定有效的行善策略。

基金会与超过400个慈善伙伴合作,协助对象广泛,包括孩童、年长者、客工或社会边缘人,援助范围包括医疗、教育、艺术和动物福利等。

罗佩仪说,基金会管理的“捐献者指示基金”(Donor Advised Funds)分三类,一种是捐赠基金(Endowment fund),慈善资产将永久保存在社区基金会并进行投资,投资收益直接用在所选择支持的慈善机构和项目。

第二种属于流转基金(Flow-Through Fund),在特定时期内支持个人选定、所喜爱的慈善机构和项目,占总指示基金约75%。另一种是可投资流转基金(Investible Flow-Through Fund),捐款用于投资,投资回报和本金都可用于个人选择的慈善事业。

 

捐献者指示基金 目前最大款项超过2000万元

 

在捐献者指示基金中,目前款项最大的超过2000万元,而总指示基金也有约15%属于纪念性质的基金,包括去年设立的陈锦海纪念基金。

她说,陈锦海纪念基金是陈锦海妻子为了向亡夫致敬,并支持他生前热衷的慈善事业而设的。

“纪念基金是缅怀亲人的绝佳方式。我们当中的许多人都是读陈锦海的书长大的,很荣幸能与陈太太合作向他致敬。陈锦海纪念基金确保他的遗赠得以延续,支持他生前关心的公益事业。”

罗佩仪也指出,可投资流转基金是一种新的基金类型,“我们看到捐助者的需求不断增加,他们希望利用捐款投资获取回报,并灵活使用捐款和投资回报,支持所选择的慈善机构。”

 

已故前总统纳丹生前设立“纳丹教育提升基金”

 

已故前总统纳丹于2011年卸下总统职务时,通过社区基金会,以他的名义设立“纳丹教育提升基金”。

属于捐赠基金的纳丹教育提升基金,两年多前累积逾1000万元资金。

纳丹生前委任一个拨款咨询委员会,负责就基金可支持的项目提供建议,通过助学金、奖学金,以及各项经济援助计划,支持工艺教育局以下工艺教育学院和高等教育学府的贫困学生顺利升学。纳丹2016年逝世,享年92岁。

 

信用:联合早报©新报业媒体有限公司。复制需要许可

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

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

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

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

Social interaction is critical, especially in one’s later years, as it generates a sense of belonging and well-being. The Outing for Seniors Community Impact Fund was started by Mr and Mrs William Bird in 2009 to enable seniors with medical conditions or mobility challenges to enjoy being out and hopefully reduce their sense of social isolation.

Through the Community Foundation of Singapore (CFS), the Birds had visited some beneficiaries and found it a “humbling and enlightening experience”. “From our visits, we realised how little contact many of these seniors had with the outside world because of their medical conditions or immobility, or in some cases the total absence of any attention from family members of friends. Their loneliness and quiet despair were palpable.”

Managed by CFS, the fund enables charitable organisations to bring frail seniors – many wheelchair bound – on regular, organised excursions to attractions such as museums, Gardens by the Bay, the Singapore Flyer, River Safari or even supermarkets. The fund covers admission costs as well as transportation and refreshments and all residential care institutions are eligible to apply for it.

This initiative has since expanded from a donor advised fund to a community impact fund. Showcasing the power of collective action, the fund has brought over 15,000 seniors on more than 1,000 outings.

Outing for Seniors Community Impact Fund
Grant Application (April 2020 to March 2021)

The grant application for Outing for Seniors Community Impact Fund is now open. Interested parties are invited to apply for funding to organise outings for seniors living in residential care institutions. For information regarding the eligibility criteria and application process, please download the guidelines and application form.

Application for grant requests is now closed.

If you have any queries, please contact us at outing@cf.org.sg.

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.

Stories Of Impact

Spreading the Holiday Cheer: CFS Contribute Year-End Meal to Melrose Home Residents & Staff

Picture of John Doe
John Doe
a person standing on a boardwalk in front of a glass dome building

As the year 2023 drew to a close and office parties were being planned, the staff at CFS decided to redirect their staff celebration budget from traditional year-end parties and gift exchanges. Instead, they chose to sponsor a special New Year’s Eve dinner for the children and youth of Melrose Home, and contributed by purchasing grocery vouchers, hoping to bring joy and warmth to them during the holiday season.

At CFS’s monthly Town Hall, representatives from Children’s Aid Society Ms Serlina Huang, Manager of Community Partnerships and Ms May Su Paing, Communications Executive from Children’s Aid Society, visited along with their colleagues from Melrose Home, Ms Michelle Chen, and Mr Timothy Pang. Together they offered the CFS team valuable insights into the home’s operations and needs, enhancing their understanding of how donor contributions can benefit the beneficiaries. Ms Tricia Lee, Director of Communications & Marketing at CFS then presented grocery vouchers that the CFS staff had contributed, to support the purchase of essential items for the residents of Melrose Home. 

Mr Alvin Goh, Executive Director of Children’s Aid Society shares, ‘We are grateful for this heartwarming gesture from the Community Foundation of Singapore and thank the CFS team for spreading the holiday cheer to our residents. It is heartwarming to see the community coming together to help improve the lives of those in challenging situations.’

Melrose Home, a service under the Children’s Aid Society (CAS), is a residential home for children and youths aged 6 to 21. Their residents have experienced challenging family circumstances or child protection issues that led to them being removed from their family homes. 

The organisation has been a CFS grantee since 2022, and our donors have generously contributed to supporting Melrose Home in its mission. CAS is currently appealing for donations to help transform its premises at Clementi Road into “Melrose Village”, which will enable residents to have more living space, and offer purpose-built facilities, advanced counselling and psychological services. To find out how you can contribute, visit https://www.cf.org.sg/giving/ways-to-give/ 

References:

https://childrensaidsociety.org.sg/melrose-home/

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

10th Anniversary Edition – S R Nathan Education Upliftment Fund: How recipients turned their lives around with the gift of education

Picture of John Doe
John Doe
portrait of sr nathan

2021 marks a monumental turn of a chapter for the S R Nathan Education Upliftment Fund (SRNEUF). The fund that was set up by the late former president S R Nathan enters its 10th year of fruition and continues to fulfill its purpose of providing students financial ease to allow them to flourish in their studies. 

To celebrate this anniversary, students Arshad Supa’at and Danish Said shared how their lives changed for the better through the gift of education. 

Arshad, 33 years old, is currently an undergraduate at the Singapore University of Social Sciences, majoring in Social Work. He was originally studying in Millenia Institute (MI) but dropped out of school in his first year to find a job to support his family’s finances. At that time, his father, Supa’at Sarajoo, suffered from kidney failure, which resulted in him no longer being able to work. 

After completing his national service and GCE ‘O’ level examination, Arshad enrolled in the Institute of Technical Education (ITE) and started work as part-time as a food deliveryman to help with expenses. Unfortunately, he was involved in a road accident and had to quit his job. With only his mother holding a part-time job to support the family, he could not turn to his family to support his education and living expenses.

His turning point came when he received assistance from the SRNEUF. The monthly allowance it provided allowed Arshad to supplement his school and daily expenses, allowing him to continue his studies whilst he recovered from the accident. He eventually went on to graduate from ITE, receiving the Tay Eng Soon Award and the Lee Kuan Yew Scholarship for Encouraging Improvement (LKY-STEP) in 2013. The SRNEUF has changed his life, allowing him to complete his education in ITE when he most needed help.

Arshad shared, “I strongly believe and am confident that education can make us equal on a social level. Regardless of your background or your social or family background, if you do your best, education can open doors for you.”

Danish is another student who has managed to turn his life around due to the aid provided by the SRNEUF.

Danish, 25 years old, had always wanted to do something related to finance, as it is an issue close to his heart. Danish enrolled in ITE at a later age compared to most of his peers as he had previously dropped out from his studies at the Republic Polytechnic when he was younger. He recounted how he had never fully focused on his education then and felt that he had unfinished business with his educational journey. Thus, he wished to prove to himself that he could do it as long as he had the right mindset. 

As the youngest in the family, he feels lucky to have been offered the SRNEUF which provides him with a monthly allowance. This allowed him to focus more on his schoolwork instead of worrying about having his parents bearing his expenses. In fact, he has taken this chance to work part-time as a food deliveryman to cover his own expenses, as well as to help his parents in managing their finances.  Danish aspires to work on his skills needed to be a financial advisor, fund manager or financial analyst, to be able to provide quality advice to help those in difficulty to manager their financial decisions. 

“My interest in finance started when I was little because my family always had to struggle just to meet our daily needs. It made me interested because I wanted to know how I could manage my finances better,” said Danish.

Throughout the years, the SRNEUF has worked with ITE to provide assistance to underprivileged students who require financial help. Since 2012, the SRNEUF has supported needy students in ITE, with a total of 1,848 bursaries disbursed over the years with a cumulative grant total of $2.47 million.

“President Nathan’s life epitomises the spirit of generosity, caring and giving. He was a tireless giver. Known to come from humble beginnings himself, he was always known to have a heart for the less privileged in society. In 2011, Mr Nathan established the S R Nathan Education Upliftment Fund (SRNEUF) to provide financial support to students for their education,” said Mr Bobby Chin, the Chairman of the Grant Advisory Committee of the S R Nathan Education Upliftment Fund.

He firmly believed that education was an important social leveller which provides students from disadvantaged backgrounds an opportunity to seek a better life for themselves and their families,” he continued.

To transform lives with your giving, get in touch with us at contactus@cf.org.sg or read more about it here.

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

HOME: Helping vulnerable migrant workers through crisis

Picture of John Doe
John Doe
A woman gracefully holds a box of vibrant flowers, standing before a neatly arranged bunk bed.

With almost one million low-wage migrant workers in Singapore, there is an increasing appreciation of the important role they play in our society. Yet, while migrant workers make up a significant part of our social fabric, their issues and challenges may often remain invisible from public view.

Since 2004, the Humanitarian Organisation for Migration Economics (HOME) has been aiding migrant workers in crisis situations. These workers have often suffered exploitation and abuse ranging from overwork, injury, wage theft to physical and emotional abuse. HOME supports around 2000 non-domestic workers and domestic workers each year.

“Many of the workers who come to us are already quite traumatised,” says Sheena Kanwar, Executive Director of HOME, “It is quite a journey for them: from making the decision to come here, receiving support, recovering from crisis and moving on with life.”

Support from donors to the Migrants Emergency Assistance and Support (MEANS) Fund, a community impact fund managed by the Community Foundation of Singapore (CFS), has helped HOME to provide immediate and short-term financial assistance to distressed workers. The financial support covers the basic necessities, medical care, transport and mobile phone top-ups. To date, the MEANS fund has disbursed around $60,000 to HOME.

Financial assistance is critical for these workers; many of them have no savings or have not been paid a salary for several months. If a worker decides to make a legal complaint against their employer, they may end up staying in Singapore for several years. “We help ensure there is a basic sum for their everyday well-being through this process, from food, transport to their medical needs,” says Sheena.

Beyond financial assistance, HOME has created “a sustainable system that allows us to respond to the different needs of a migrant worker in crisis,” explains Sheena. These services include help desks, legal, medical, and counselling teams, a shelter for vulnerable domestic workers, skill-building classes, to helping workers through re-employment. Moving forward, HOME looks to expand its reach, especially to vulnerable migrant workers from the Myanmar and Indian communities.

For these workers, HOME has opened a vital window of support – and even a new lease of life. Take Jofel, a domestic helper who has been living at HOME’s migrant worker shelter for over a year. After attending an art therapy class by the HOME Academy, Jofel stumbled upon her creative talent. She started to pursue her passion for handicraft, actively picking up skills online each day. Today, she is skilled at designing and producing a wide range of items, from bags, candles to flower bouquets. “I’m very grateful to HOME for its support. I discovered myself and my creative abilities here,” says Jopel. Upon her future return to her home country, Jopel hopes to start her own business.

Sheena is heartened by the surge of support amongst Singaporeans towards the plight of migrant workers; from enthusiastic young students who ask to join HOME’s projects, to HOME’s dedicated teams of legal, medical and counseling professionals. She says, “The support and empathy for migrant workers have gone up tremendously over the last five to seven years. It’s very heartening that people genuinely see the need for the work that we do.”

To support the MEANS Community Impact Fund, visit here

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