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Secure And Impactful Philanthropy: CFS Clinches Cyber Essentials Mark
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Secure And Impactful Philanthropy: CFS Clinches Cyber Essentials Mark

We are proud to announce that CFS has been awarded the Cyber Essentials Mark, a cybersecurity certification by the Cyber Security Agency of Singapore. This recognition highlights our commitment to operational excellence and data security, essential for protecting donor information and other sensitive data.

CFS CEO Catherine Loh receiving the Cyber Essentials Mark from Director of CSA Veronica Tan, Hoi Wai Khin from RSM, and Baljit Singh from GICG.

We are proud to announce that CFS has been awarded the Cyber Essentials Mark, a cybersecurity certification by the Cyber Security Agency of Singapore. This recognition highlights our commitment to operational excellence and data security, essential for protecting donor information and other sensitive data.

The Cyber Essentials Mark acknowledges organisations with robust cyber hygiene practices, safeguarding systems against cyber-attacks. Other notable recipients of the Cyber Essentials Mark are SISTIC Singapore, M1 and Capella Hotel.

At CFS, trust and transparency are at the core of everything we do. Achieving the certification reflects our dedication to maintaining the highest standards of data security, to provide peace of mind to our donors and partners. 

Protecting donor and partner information is crucial to our mission of secure philanthropy. Trust is essential in our relationships with donors, charities, and partners, and we are delighted to receive this award.

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The Law Gazette – Make Giving Better: The Role of the Community Foundation of Singapore

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Asia’s billionaires are getting ready to hand over to the next generation, and Singapore is benefiting from the rush to set up new or satellite family offices with an increased focus on philanthropy and impact investing.

In recent months, Horizon Ventures, a private investment firm associated with Hong Kong billionaire Li Ka-shing opened an outpost in Singapore.* Oppenheimer Generations, the family office of former De Beers chairman Nicky Oppenheimer, is also in Singapore while Bridgewater Associates founder Ray Dalio and Google co-founder Sergey Brin both set up shop in late 2020.

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Business Times: Preserving a century-old legacy of giving

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A snapshot of a newspaper Business Times: Preserving a century-old legacy of giving

Following his great-grandmother’s footsteps, Keith Chua set up a charitable fund to carry on his family’s legacy of giving through the generations.

To Keith Chua, the boy, she was the stern matriarch of their large, Peranakan family, to be approached with deference. To the older and bolder teenager, she drew closer – the great-grandmother glad to chat about his day over tea or a shared meal.

But only years after, as an established entrepreneur with a family of his own, did Mr Chua truly feel the impact of her life on his own, thanks to the impact Mrs Lee Choon Guan had had on others.

“It was a rediscovery,” Mr Chua says, about encountering in the pages of a 1920s history book a side to his great-grandmother that he had not known, years after her death in 1978.

Growing up, naturally, he had heard stories from his mother. One of these, about Mrs Lee’s role in raising funds to contribute a fighter plane to the World War 1 effort, made it into a school composition of his on “A Person You Most Admire”.

But it was not till the mid-1980s, after being appointed as a co-trustee to the Mrs Lee Choon Guan Trust Fund his mother started that Mr Chua read for himself the book she had spoken so much about.

Discovering a legacy of giving

“It became quite clear that she was a pioneer in many ways,” Mr Chua, 65, says.

In One Hundred Years’ History of the Chinese in Singapore, he learnt of how, as one of the few Chinese girls to get an English education and a member of high-society, Mrs Lee sought to open doors for other women in the early 1900s.

Also known as Madam Tan Teck Neo, she was the founding president of the Chinese Ladies Association (now the Chinese Women’s Association), running classes for young women and raising funds for charities.

Women and children, healthcare and education – these were causes Mrs Lee cared deeply for. She gave out numerous scholarships to girls, donated to the building of the St Andrew’s Hospital for Women and Children, and funded the activities of the Society for the Protection of Women and Children. For her volunteer work and giving during the First World War, she was the first Chinese woman to be made a Member of the Order of the British Empire in 1918.

Moved by the glimpses of her trailblazing giving recorded in the book, Mr Chua has since acquired an autographed edition that is now a treasured possession for what it symbolises – a legacy of giving to be kept alive.

“To me, the process of discovery, rediscovery, has been a continuing one,” says Mr Chua. The family is still adding to what they know of Mrs Lee’s life and legacy, “all these little pockets of seeds that were planted”. Such as the family giving funds in 1924 to start Katong Girls’ School (today’s Kuo Chuan Presbyterian Primary School) – a fact they only recently stumbled upon.

Among other causes, the trust fund supports tertiary-level programmes on philanthropy at the NUS Business School’s Asia Centre for Social Entrepreneurship and Philanthropy (ACSEP).

Down through the generations
In 2011, he set up the Mrs Lee Choon Guan Fund with the Community Foundation of Singapore (CFS) to carry on his family’s legacy of giving through the generations. Managed as an endowment, the fund’s principal amount is invested and income earned is then given to various causes.

The aim is not merely to build historical knowledge, but to perpetuate the legacy of giving. “I have the opportunity, at this point in time, to put some thought and action into encouraging the continuation of her legacy. So that, hopefully, it will continue with some degree of active participation by future generations,” says Mr Chua.

“In continuing the legacy of my great-grandmother, I looked at how she approached philanthropy in her time and tried to include some of her practices in what I’m doing today. It has indeed come full circle.”

Some of the causes the fund supports today bear the mark of Mrs Lee’s charitable interests – education and healthcare initiatives. Others reflect evolving needs in society that Mr Chua himself is passionate about.

Indeed, Mr Chua is known as much these days for his work in philanthropic circles as he is in business ones.

The executive chairman of ABR Holdings, which owns Swensen’s and Chilli Padi among other food and beverage brands, Mr Chua is also managing director of the Alby group of companies in Singapore and Australia. He hails from a line of businessmen too – his grandfather, the late Chua Cheng Liat, is one of the Chua brothers behind car dealership Cycle & Carriage.

Today, actively involved in various community, church and missions agencies, he sits on the boards of the National Council of Social Service and CFS.

“Part of why I’m doing this today, is in the hope that the wider family, beyond just my siblings and children through to my cousins, my nephews and nieces, and their children, will come to appreciate the legacy that my great-grandmother has left for all of us.”

Apart from his great-grandmother, Mr Chua cites the influence of his parents’ generosity and his Christian faith as two other defining forces behind his philanthropy journey.

“[With my parents], it wasn’t so much them saying, ‘This is how you do it.’ It was watching them in action, responding generously to requests for help, seeing how they lived their lives,” says Mr Chua.

And that was the starting point for him and his wife too: sharing with their four children what they do and why, modelling a life of giving in the hope that their children would themselves see the value of giving.

One reason Mr Chua decided to set up the fund with CFS was to ensure that future generations would be able to continue the family’s philanthropic work. He says, “The objective of CFS flowed nicely with ours of wanting to continue the legacy of giving. It allows family members to be involved and ensure that funds for the community will carry on.”

Taking it a step further, he has been intentional about involving his children, whose ages now range between 22 and 32, in his philanthropic engagements. In recent years, this has included trips across Southeast Asia to learn from and explore partnerships with non-profits, charities and social entrepreneurs.

Having sown those seeds, he has since had the satisfaction of watching each child “doing something in their own way”, whether via professional or personal pursuits, to give to the community.

An evolving philosophy of giving
Mr Chua says his own approach to philanthropy has evolved over the years.

From viewing philanthropy primarily as responding to appeals for monetary gifts, he began getting involved with charities and volunteering his time. That involvement got him thinking about how he could make a difference with his own skills.

“Coming from a business, finance background, I felt I was able to bring that to the area of social entrepreneurship to encourage entrepreneurship, and help to share business models, my personal experiences,” says Mr Chua.

Asked what he has gained from years of intentional giving, Mr Chua is first introspective: “I would like to think that the engagement in all these years of philanthropy has gradually moved me from thinking more of myself, to thinking more of others.”

“Along with that, of course, is that it brings a wonderful feeling if you can bring joy and help someone else,” he adds.

“I believe everyone can give. Whether in terms of resources, time or talent… I would embrace all forms of participation. The most important thing for me is to encourage others to take that first step, whatever that first step is.”

Looking forward, Mr Chua says, “The seed of philanthropy was planted by the generations before me. Now, with the structure of CFS, the funds will carry on past my lifetime. Once you’ve set certain things in place, you can bring the next generation along for the ride, and trust them with the responsibility when it’s their turn.”

After all, Mrs Lee Choon Guan’s first steps into philanthropy led to her leaving a century-old legacy of giving that has spanned four generations and, if Mr Chua has his wish, countless more to come.

Source: Business Times © Singapore Press Holdings 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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Lianhe Zaobao: CFS has helped donors set up more than 80 funds in the past 8 years

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胡洁梅 14 November 2016

从资助年长者活动的基金,到帮助工艺教育学院学生的“纳丹教 育提升基金”,新加坡社会基金会协助设立的基金从八年前的七个, 蓬勃发展至目前的80多个,支持各类公益项目。

年设立的慈善机构新加坡社会基金会(The Community Foundation of Singapore)旨在为善长仁翁提供咨询服务,协助他 们成立基金推展公益活动,并管理基金。捐款者须承诺至少20万元来 设立基金。

基金会总裁罗佩仪在回顾基金会的发展时指出,更多有经济能力 的个人和家庭希望能回馈社会,却没有时间和资源来设立基金会。“ 社会基金会希望为善长仁翁提供一站式咨询,协助他们管理基金,并确保良好且高素质的监管水平。”

她说,更多有经济能力的家庭推动慈善事业,把它当作教育下一 代社会责任的方式。近年就有更多家庭找上社会基金会,要求协助以 家人名义设立基金。

不过这类捐款者一般保持低调的捐款方式,谢绝受访。

罗佩仪受询时透露:“尽管经济增长放缓,基金会今年的捐款额 增长率仍持稳。受经济影响,加上去年SG50庆祝活动和优惠(捐款税 务回扣300%),去年收到的捐款额其实比较多,不过基金会今年也 迎来新的捐款者,因为他们明白在当前的经济情况下,更需要帮助有 需者,因此整体的捐款情况仍不错。”

至今,社会基金会已协助设立80多个基金,发放4200万元,支持 不同慈善项目,合作的慈善团体有超过400个。

基金会根据捐款者想支持的公益项目类别,协助成立基金,让相 关志愿组织机构利用。虽然多数捐款者支持的项目普遍针对年长者、 体障、教育事业等,但已逐渐以较新颖的方式推行,不局限于颁发奖 学金和助学金。

退休商人伯德(William Bird)与妻子设立的基金资助一些机构 为年长者举办郊游活动等,过去六年已有50多个乐龄护理中心获益。

SymAsia是另一个协助捐献者以个人或公司名义设立基金、并在 本地注册的基金会,由瑞士信贷(Credit Suisse)管理。这也是亚太 区唯一由银行经营的捐献者指示基金会(Donor Advised Fund)。捐 献者须承诺至少100万元设立基金。

瑞信亚太区家族办公室服务兼慈善顾问董事洪智聪指出,自2010 年设立以来,SymAsia基金会截至去年10月已有约8000万元捐款支持 亚太区的300多个慈善机构。SymAsia旨在支持人道和社会发展项目、 自然保护、教育、文化等方面的公益事业。

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Translation:

From helping the elderly to the S R Nathan Education Upliftment Fund, CFS has grown from seven to 80 funds in eight years, supporting a wide range of causes.

CFS provides philanthropy advisory services to donors who pledge $200,000 to set up a fund.

Said CFS CEO Catherine Loh, “More wealthy individuals or families want to give back but lack the time and resources to set up their own foundations. CFS offers one-stop philanthropic services for these donors, helping to manage the funds and ensuring that all grants are made with high levels of governance and accountability.”

“More families have started charitable giving as they see family philanthropy as a way to bring multi generations closer together and instil a sense of social responsibility in the younger generation. In recent years, an increasing number of families have approached CFS to set up family or legacy funds.”

Many of these donors wish to remain private and declined to be interviewed.

Ms Loh continues, “With slowing economic growth, as well as donors having given a higher than normal amount last year due to SG50 celebrations and incentives (300% tax deductions), we do find that donation amounts are lower this year. However, we also have new donors who understand the urgency to provide more financial support to the needy despite the economy slowdown. As a result, overall donation growth is constant this year.”

Up till today, CFS has raised $80 million in donations, disbursed $42 million in grants in partnerships with over 400 charities.

CFS helps donors set up funds, then bridge donors to support their desired charitable causes. While most donors still gravitate towards the usual causes such as education, health, elderly and the disabled, they are open to supporting these causes in new ways.

Mr and Mrs William Bird’s fund has benefited seniors from over 50 eldercare centres.

SymAsia is another organisation that helps individual donors or companies set up funds, managed by Credit Suisse. It is Asia’s first bank that manages donor advised funds, with a minimum donation of $1m to set up a fund.

SymAsia’s Deputy CEO Bernard Fung said, “Since 2010 till last October, SymAsia has raised $80m in donations to help 300 charitable organisations in Asia. SymAsia supports development and community programmes in environment, education, culture.”

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The CDA top-up programme: Giving support to pre-school children from low-income families

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A diverse group of children and adults, all wearing masks, gather together in a united display of safety and responsibility.

Pre-schools are especially essential in providing a solid foundation for children to get an education, and to also build confidence and impart social skills, which will stay with them for life. As such, The Community Foundation of Singapore (CFS) is partnering with EtonHouse Community Fund (ECF) and the Ministry of Education (MOE) on a Child Development Account (CDA) top-up programme which will benefit around 1,300 pre-schoolers from low-income families this year.

This programme is facilitated by the inter-agency taskforce Uplifting Pupils in Life and Inspiring Families (UPLIFT) to provide eligible pre-schoolers with $500 this year and up to a cap of $1,500 over the next three years, with the government providing dollar-for-dollar matching contributions for the top-ups.

To qualify, the children must be enrolled in 57 pre-schools under seven selected operators, and their families must have a gross household income of $4,500 or less. CFS and ECF will be contributing a total of $1 million to the CDA top-up programme over the next three years.

The seven operators are: E-Bridge Pre-School, Iyad Perdaus Child Development, Kidz Meadow Childcare and Development Centre, PPIS Child Development Centre, Presbyterian Community Services, Super Talent Childcare and YWCA Child Development Centre.

Along with Second Minister for Education Dr Maliki Osman, CFS CEO Catherine Loh paid a visit to partner operator E-Bridge Pre-School’s Punggol Large Childcare Centre on 8 October 2020 to mark the launch of the programme and to celebrate Children’s Day.

“We have a responsibility to strengthen our social safety nets to ensure no child gets left behind. This is why this collaboration is such a wonderful opportunity for CFS and our donors to uplift children from low-income families,” says Catherine.

“I hope that this CDA top-up programme can encourage more low-income families to enrol their children into pre-schools. I also hope that it can provide additional support to needy families during this difficult period by defraying child-raising expenses,’’ says Dr Maliki Osman.

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.

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