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Meet Singapore’s newer philanthropic foundations: They give millions, seeking to spark social change
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Meet Singapore’s newer philanthropic foundations: They give millions, seeking to spark social change

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Lew Chee Beng (left) founded the Lew Foundation in 2015, while Chua Thian Poh and his siblings set up the Chua Foundation in 2015.

Self-made businessman Lew Chee Beng, 73, is giving away a substantial part of his fortune through a foundation. Since he founded the Lew Foundation in 2015, it has donated more than $12 million to charitable causes. Mr Yeo Puay Hin, the foundation’s executive director and Mr Lew’s son-in-law, said of his father-in-law: “He came from humble beginnings, so it’s about gratitude – to give back to society and helping those who are disadvantaged.”

The Lew Foundation was the 16th-largest philanthropic foundation here, giving out $2.8 million in donations in 2019, according to a recent report on the largest foundations here. Mr Lew, who has four children, built his wealth from a range of businesses, such as Soon Huat Goldsmith and pawnshop chain Shing Heng Group. The foundation’s main focus is to help the vulnerable elderly and young people, and it does so through supporting healthcare and social services serving these two groups. For example, it is supporting about five nursing homes, fulfilling Mr Lew’s late mother’s wish of setting up a nursing home.

The Lew Foundation is one of the newer foundations listed in a recent report by Soristic Impact Collective, a consultancy, that shed light on the largest philanthropic foundations here in terms of expenditure. The research found that foundations set up by some of Singapore’s richest men are among the top 10 biggest givers out of the 91 foundations here. The Lee Foundation, founded by the late rubber tycoon Lee Kong Chian in 1952, topped the list, disbursing $52 million in donations in its latest financial year. 

In total, the 91 foundations spent over $264 million in their latest financial year to support a variety of causes, from education and healthcare to people with disabilities and environmental causes. And beyond the big bucks the foundations are giving away, what is noteworthy is that about 40 per cent of the 91 foundations were registered as a charity since 2011, a Straits Times check found.

Soristic’s principal consultant Pauline Tan said the growing number of the very wealthy here and a growing interest in philanthropy are driving the rise in the number of foundations set up in the past decade. There is also a growing ecosystem to support philanthropy, she said.

This includes the Asia Philanthropy Circle, a platform for Asian philanthropists to collaborate and address social problems, and The Majurity Trust, which provides philanthropic advice and grants.

Among those registered as charities in the past decade are corporate foundations, such as Keppel Group’s Keppel Care Foundation and Changi Airport Group’s Changi Foundation. The Keppel Care Foundation was ranked 13th on the Soristic report, while Changi Foundation took the 20th spot.

Then, there are individuals who made good in life who set up foundations in the past decade.

They include the Chua Foundation (29th) and the TL Whang Foundation (57th). Property magnate Chua Thian Poh, founder of Ho Bee Group, and his siblings set up the Chua Foundation in 2015. The TL Whang Foundation, registered as a charity in 2019, was started with donations by Mr Whang Tar Liang and his family. He is the younger of two brothers who built up Lam Soon Group, known for its consumer goods such as the Knife brand cooking oil.

How philanthropy is practised here has changed, with more foundations and donors looking beyond giving out cheques to seeking to create a real impact or bring about social change. Many of them are a lot more invested in the projects they fund, from being involved in the design of the programme to measuring its impact, said those interviewed.

The Community Foundation of Singapore (CFS) chief executive Catherine Loh said: “Donors are becoming more focused on strategic philanthropy, as opposed to outright charity. They see their donations as social investments that will bring about social change.”

“As such, they are more willing to provide longer-term support and willing to give a longer time horizon to allow change to occur.”

CFS enables donors who pledge at least $200,000 to set up a donor-advised fund. It manages the money, advises donors on the needs in the community and disburses the funds according to their wishes.

At the Quantedge Foundation, set up in 2015, its three full-time staff engage its community partners and beneficiaries to understand their needs, identify programmes to support, and assess the outcomes achieved.

Mr Suhaimi Zainul-Abidin, the foundation’s director, said: “We believe that philanthropy is uniquely positioned to take on calculated risks with innovative, untested approaches to solving social issues, so as to encourage experimentation by the social sector, demonstrate the viability of new ideas and drive longer-lasting change.”

Senior staff of Quantedge Capital, an investment management firm, donate annually to the Quantedge Foundation – “giving more in years when business is good and bonuses are high, and less in leaner times”, he added.

The foundation’s core focus is improving social mobility.

He said: “If we do not, collectively as a society, recognise that this is an issue that we should pay particular attention to, we may well sleepwalk into a stratified, divided society in the future.”

For example, Quantedge Foundation initiated talks with the Singapore Management University and Singapore University of Technology and Design to co-design and seed-fund an initiative, where financially needy Singaporean students will get a full financial aid package that makes their entire university education tuition free.

It also worked with a charity, Playeum, to pilot a series of science, technology, engineering, arts and maths workshops as an after-school developmental programme for children from lower-income families.

Since it was registered as a charity, the Quantedge Foundation has disbursed $7.4 million in grants and committed to giving another $8 million or so more.

The Soristic report ranked the Quantedge Foundation 22nd on its list, disbursing $2.3 million in grants in 2019.

Mr Suhaimi said: “In today’s knowledge-based, technologically driven capitalist society, the winners win by such a large margin that it is not quite right to keep all the gains without sharing some with the wider community.

“One of our hopes is that wealthy individuals, families and companies will find resonance in what the Quantedge Foundation is doing, and in time, give back to the society in their own way.”

If you have an interest in strategic philanthropy or would like to start a donor-advised fund with us, visit here.

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

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News

新保集团推出300万元基金 助医疗行政人员职业发展

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新保集团和ACE团队基金会启动一项300万元的基金,促进 新保集团医疗行政人员的职业发 展,除了培养专业技能,也让他 们有机会到海外进行交流和学术研讨。 

这项医疗行政人员发展基金(Healthcare Administrators Fund)是首次针对新保集团医疗行政人员而设的基金,由新保集团和ACE团队基金会(ACE Team Foundation)分别贡献150万元。 

新保集团旗下约有4600名医疗行政人员,占员工总数的15%。他们负责支持医疗保健系 统的日常运作和行政框架,包括研究、运营、财务、人力资源、教育和通讯等多个领域。 

符合条件的医疗行政人员将由上司提名,并接受评估。成功获得提名者可以申请培训基金。医疗行政人员可以通过教育与培训提升自己,也可以到海外跟其他国家的行政人员进行学术交流,然后把所学的带回新加坡。 

2023年新加坡医疗管理大会在星期三(8月16日)举办,社会及家庭发展部长兼卫生部第二部长马善高致辞时指出,在医疗保健管理方面采取更有效、更创新的战略是必须的,为确保医疗保健系统的可持续发展,新加坡必须发展医疗服务和管理模式。他说,医疗保健管理并不局限于机构的四面围墙内,必须跨学科合作,包括医疗行政人员与其他伙伴的广泛合作。 

在新保集团公共联系部门服务的高级执行员曾芳琳(30岁)说,作为一名年轻的医疗行政人员,她对新启动的医疗行政人员发展基金感到兴奋。有了这项基金,她就可以寻找机会学习新技能、增加见识包括加深了解不断发展的医疗保健管理领域。 

44岁的新保集团营运部门副主任林志忠也在受访时说:“医疗保健系统内的业务要求是高度专业的,必须提升医疗行政人员的职业发展,让大家有可持续的就业技能,也为塑造医疗保健领域带来重要的作用。”

另一方面,ACE团队基金会也会额外拨款150万元给新保集团所属的职场乐趣提升措施(Joy at Work initiatives),以支持医疗工作人员维持身心健康。 

ACE团队基金会由本地科技公司Grab的联合创办人兼总裁陈炳耀与太太童维创立,从2021年创立至今捐助不少医疗组织,如 广惠肇留医院、儿童癌症基金会和全国肾脏基金会等。

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.

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Opinion

Collaborative giving: How it creates social change

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exciting launch of Singapore Youth Impact Collective with youth leaders and supporters.

Ubuntu– it’s an ancient and beautiful concept from South Africa often used today to convey how a community is the building block of society. In South Africa, it simply means: “I am, because of you.”

Today, with technology and the lean towards strategic, outcome-focused giving, the spirit of ubuntu endures in the form of collaborative giving. Giving together is rapidly gaining traction as people recognise the complexity of social issues and the need for many helping hands.

Collaborative giving can take different forms, but it simply describes individuals coming together to pool their time, treasure or talent towards creating social change. Each model of collaborative giving differs with regards to the level of collaboration and involvement partners exert to achieve a certain outcome.

A spectrum of giving models
Online giving platforms and group funding opportunities empower a wide spectrum of donors to easily contribute to a cause, without requiring further engagement. Giving circles offer members a platform to get more involved, where members not only pool resources but meet to learn about social issues for more informed decision-making.

On the other end of the spectrum is collective impact – a specific model of collaboration that offers the greatest potential for social impact when harnessed well. Here, major actors from different sectors commit to a specific agenda for solving a particular social issue. Collective impact initiatives are distinct from other forms of partnerships because they share a centralised infrastructure, a common agenda and shared system of measurement, and continuous communication amongst partners.

Empowering collective giving
At the Community Foundation of Singapore (CFS), we count it as our mission to enable donors to learn and tap on these different models of collective giving.

In 2018, the Singapore Youth Impact Collective became the first local initiative to adopt the collective impact model for tackling a social issue. Several multi-sector partners – with CFS as the backbone organisation – are working together to help disadvantaged youth transit more successfully to work-life. The collective was formed when its members participated in Colabs, a philanthropic initiative by CFS and the National Volunteer and Philanthropy Centre intended to deepen understanding and drive collaboration towards addressing community needs.

Over the years, we have also grown our Community Impact Funds which support under-served causes and are open to givers from all walks of life. While collaboration may be the way forward for larger scale change, we believe fundamentally in the strength of giving as a community, for the community.

By putting the opportunity for social change back into our own hands, we hope to nurture the spirit of ubuntu, of interconnectedness and shared humanity – and we sincerely hope you pass the flame on too.

Joyce Teo
Deputy CEO
Community Foundation of Singapore

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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

4 Critical Educational Gaps for Disadvantaged Children & Youth in Singapore

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a group of people sitting at a table with a group of children

While abilities and talents are distributed equally across the population, access to educational resources is often not. Children from low-income families are the ones who pay the price. Without the right educational opportunities, they underperform in school and end up with lower-paying jobs. Studies show that students from low-income families are more than four times as likely to be low performers than their affluent peers. (OECD, 2016) Without intervention, this cycle of income inequality will persist.

The growing special needs community is also in need of our urgent attention. One key area that we highlight is the need for integration with mainstream students. There needs to be greater awareness about creating better school and work opportunities for this community while preparing them to function independently as adults.

In this article, we highlight critical educational gaps for disadvantaged and vulnerable children and ways to level the playing field and improve their opportunities for social mobility.

#1 Funding for Early Education

The pre-school landscape presents over 1,900 childcare centres and kindergartens. They offer a wide-ranging fee structure that can range from a few dollars to over S$2,000 a month, depending on whether they are full or half-day programmes and with or without subsidies. 

During these early childhood years, pre-school education provides the foundation for children. It helps them develop the confidence and social skills to get them ready for formal education. However, low-income families may struggle even with subsidised fees. 

Children from families that can set aside additional resources for pre-school education have more opportunities to strengthen their social and behavioural skills than those from disadvantaged backgrounds. As the child is placed into a learning environment earlier in pre-school, they are weaned into the academic lifestyle earlier, which also aids their performance in formal education. Studies show that social-economically advantaged children in Singapore outperformed disadvantaged students in reading by 104 points. (PISA, 2018

While pre-school education is not compulsory, it is critical to ensure that all children get off the starting block of formal school without too much difficulty. Therefore, parents must understand the importance of pre-school education and available financial assistance schemes. It ensures that the children have access to critical education in their formative years.

#2 Developing Life Skills

A child’s home environment has a powerful impact on school readiness. Parents or caregivers in low-income homes tend to be busy working or absent; they have little time to support their children’s learning needs. Children often do not receive the stimulation they need and do not learn the social skills required to prepare them for school.

The resulting lower self-confidence, lower motivation, and reduced resilience pose further obstacles in their struggle for social mobility.

Activities such as team sports, drama, and public speaking encourage interaction. They are great for boosting confidence, self-esteem, and socio-emotional skills. We need funding for programmes to provide alternative avenues for these children to develop these essential skills.

#3 Rising Cost of Higher Education

Education has not been spared, with consumer prices increasing steadily over the years. 

Singapore’s average annual education inflation rate from 2001 to 2021 was 2.87%. Higher education, specifically polytechnic diploma fees, rose 20% between 2015 and 2022. The average cost of a 3-year polytechnic education is close to $37,000. (MOE 2022)

Although statistics show that a polytechnic graduate earns 1.4 times more than an ITE graduate, many students will not choose to study at a polytechnic. One reason for this is due to the high school fees. Those who do may drop out of school for the same reason. 

Even with existing public financial aid programmes, students from financially disadvantaged backgrounds still struggle to pay their school and living expenses. More financial assistance from the private sector, in the form of pocket money, bursaries, or scholarships, will help these students bolster the shortfall in higher education expenses.

#4 Lack of Integration

For the special needs community, a critical piece that is sorely lacking is inclusivity. Special education schools are separate from mainstream schools in Singapore, and students do not intermingle.  However, research shows that special needs children benefit from interacting with peers with stronger academic abilities. This benefit goes both ways, as children who have interacted with people with special needs from young develop greater empathy and respect for diversity. (Association for Psychological Science, 2014).

This is a strong push for special education and mainstream schools to work together to create opportunities for meaningful interaction between their students. Children with disabilities are given a chance to develop their potential and thrive in the same environment as their peers.

Funding is required to beef up resources, training and partnerships to facilitate exchange among educators from different backgrounds. We could achieve greater harmonisation across mainstream primary schools, special education, pre-schools and early intervention sectors. An inclusive educational environment would offer a curriculum that caters to different needs, paces of learning as well as provide the facilities and resources required.

Other than school, these children tend to spend less time in public spaces or in recreational activities. Sometimes it is due to practical reasons like access difficulties, which is a great pity as they miss out on opportunities to connect to the larger community. Funding can be directed towards the intentional design of public spaces, sports, and cultural activities so that those with special needs can feel that they are truly a part of society.

Do more with your giving—how CFS can help

To enable every child to shine to their fullest potential and better support the disadvantaged, CFS can help you make a positive impact by aligning your donations with the needs of this community. 

CFS is a cause-neutral organisation that enables us to support grant-making to a wide range of charitable areas that match the donors’ interests and uplift diverse communities in Singapore. These charitable areas include children, youth, education, families, seniors, persons with disabilities, sports, health, animal welfare, environment to arts and heritage.

We partner with charities that focus on clearly identified problem areas or social gaps which might be under-supported. Charities must also demonstrate measurable outcomes and good stewardship of funds.

A simple and effective way to contribute to a variety of causes in Singapore is by setting up a Donor-Advised Fund (DAF). A DAF can be set up by an individual, a beneficiary of a will, a trust, or a family office. CFS will handle all fund administration and leverage our unparalleled insight into Singapore’s charitable landscape to provide philanthropy advice that ensures your giving is targeted, accountable and impactful. CFS strives to ensure that every grant which goes out creates positive change.

As a donor, you will save on legal expenses and enjoy upfront tax deductions at the prevailing rate on eligible donations. Donors will also receive regular statements tracking incoming donations to the DAF and outgoing disbursements to charities. CFS has an established track record when it comes to setting up DAFs and our DAF payout rates outperformed the entire US DAF industry by 12% and their community foundations by two times.

If you would like to begin your giving journey with CFS, get in touch with us.

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Stories Of Impact

Supporting Disadvantaged Students: Assumption Pathway Academy

Assumption Student

The Collective for a Stronger Society aims to uplift, enable and empower lower-income families, and one area of focus is education. Assumption Pathway School (APS) offers an alternative route for students who face barriers to completing mainstream secondary school education. As a specialised school, APS offers vocational programmes accredited by ITE, and foundation and character development programmes developed in collaboration with MOE.

Ms Gan Hui Xin’s life took a turn when she enrolled at Assumption Pathway School (APS) in 2016. Her earlier academic performance had been poor, which led to a waning interest in her studies. During her four-year tenure at APS, however, she discovered a new passion and attained an ITE Skills Certificate (ISC) in Hairdressing. Although unable to continue her education at ITE, she remained determined to continue her pursuit of knowledge.

Transitioning to a two-year work-study programme at Assumption Pathway Academy (APA), Hui Xin embraced the opportunity to learn while earning. At age 17, she switched gears, enrolling in a Culinary Skills course. Starting as a Kitchen Assistant at APS’s in-house restaurant, The ART, she embarked on a journey of hands-on learning, balancing three days of on-the-job training with two days of classroom theory.

Hui Xin’s cheerful demeanor and pleasant personality quickly earned her recognition. Within a year, she moved from Kitchen Assistant to Service Crew and even started coaching new students. With newfound skills and confidence, she took on training attachments at The ACT café and ST Engineering office, showcasing her aptitude for independent work and warm customer service.

After she expressed a desire to further her studies, Hui Xin’s Job Coach guided her toward the ITE Nitec traineeship programme where she was able to secure sponsorship from Holiday Inn Singapore Atrium.

Hui Xin is now an employee at the hotel and continues to excel, garnering praise from her managers.

APA is one of the programmes under The Collective for A Stronger Society. To find out how you can participate, fill in the pledge form and indicate your area of interest.

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