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S’poreans donated $90m in first five months of 2020, equal to whole of last year’s donations
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S’poreans donated $90m in first five months of 2020, equal to whole of last year’s donations

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SINGAPORE – Singaporeans have stepped up to help those in need and those most affected by the Covid-19 pandemic.

From January to May this year, $90 million was donated to the Community Chest, the Community Foundation of Singapore’s Sayang Sayang Fund which was set up in February, and through online donation platform Giving.sg.

This amount was about equal to the overall donations received by the Community Chest and Giving.sg throughout the entire 2019, said the Ministry of Culture, Community and Youth and Ministry of Social and Family Development in a joint statement on Monday (June 22).

The ministries added that more than 13,300 people signed up to volunteer through Giving.sg during the first five months of 2020, compared to 11,300 in the same period last year.

This was despite a decrease in volunteering opportunities during the circuit breaker period.

Minister for Culture, Community and Youth Grace Fu said that the pandemic had not dampened the spirit of caring among people here but instead brought out the best in Singaporeans and showed that many in the community care about the country deeply.

“Let us to continue to grow this spirit of Singapore Together and partner one another to overcome our challenges. By doing so, we will make it through this difficult period and emerge as a stronger society,” said Ms Fu.

Of the $90 million, $42.2 million was donated to the Community Chest, of which 40 per cent went to Covid-19-related causes.

Donations also came from companies such as security and aerospace firm Lockheed Martin.

The company donated more than $280,000 from its Job Support Scheme payments to The Courage Fund and The Invictus Fund, both of which are managed by the Community Chest.

During the same period last year, the Community Chest collected $22.9 million in donations.

Under the Sayang Sayang Fund, more than 4,500 donors – individuals, multinational corporations and small and medium-sized enterprises – contributed $7.6 million from February to May.

These include pro-wrestling fitness school Grapple Max, which raised $6,000 during an online fundraiser while showing a wrestling match, and home-based skincare start-up Soul Good Project that donated a month’s worth of profits.

“These smaller but equally valuable contributions to the Sayang Sayang Fund reflect the charitable nature of many Singaporeans who are still willing to donate, even in times of adversity,” said the ministries.

The donations to the Sayang Sayang Fund have funded over 330 projects that help individuals, families and seniors from marginalised backgrounds who have been affected by the Covid-19 pandemic.

The Giving.sg portal received $40.7 million from January to May, with $20.4 million donated in April, after the first tranche of $600 Solidarity Payments was given out.

The bulk of donors contributed to causes related to Covid-19, such as to help migrant workers and healthcare staff.

The ministries noted that while donations to Covid-19-related causes increased during this period, causes not directly related to the coronavirus experienced a decline in donations.

They added that the Community Chest projected a 20 to 30 per cent drop in donations in 2020 for its funded programmes.

To aid these charities, the National Volunteer and Philanthropy Centre has launched the City of Good Show, an online game show fundraiser.

Episodes will air every Wednesday at 8pm on the centre’s Facebook page from this week on.

Minister for Social and Family Development Desmond Lee said that he was encouraged that the community spirit is strong and Singaporeans from all walks of life have pitched in to help fight against the coronavirus.

He added though that it was imperative to focus on community needs that go beyond the Covid-19-related causes.

“Our social service agencies need our sustained support so that they can continue to deliver critical services, as well as meet growing and more complex needs in our society,” said Mr Lee.

“With everyone lending a helping hand and looking out for one another, Singapore will emerge stronger from Covid-19.”

Source: The Straits Time

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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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Money Mind – Leaving A Legacy

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How can you leave your mark on the world and make an impact on the lives of others?

LISTEN: Catherine Loh, CEO, Community Foundation of Singapore (CFS); lawyer and CFS ambassador, Nadia Ahmad Samdin

Money Mind, weekdays 10am to 2pm on #CNA938.

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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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

Empowering Her Dream: International Women’s Forum Singapore Aids Young Fashion Designer’s Success

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Denise Yeo was juggling two part-time jobs while studying full-time for a degree in Fashion Design & Textiles at LASALLE College of the Arts. So, she was overjoyed when she received an education grant from the International Women’s Forum Singapore (IWF). “The money meant I could divert more time to my studies,” says the 23-year-old student.

Funding her degree has been a struggle. Her father is disabled in both legs and cannot work. Her mother works in a restaurant and Denise’s elder sister, who looks after their father, had to take out a loan from her Central Provident Fund savings to help Denise pay for her tuition fees.

The $4,500 IWF grant has let her cut back on her working hours in her crucial final year. It also helped fund her graduation project – a collection of six looks inspired by the whimsical, playful nature of clowns – which is critical to building a career in fashion. “Fashion involves a lot of money and time,” says Denise, who graduates in April 2023. The financial security allowed her to devote more time to designing her collection and invest in better quality fabric and trimmings.

Denise is already crafting a name as a designer to watch. In 2021, the articulate and talented young lady won the Men’s Folio Designer of the Year competition. She plans to start a brand of her own and pursue a master’s degree and a PhD. Grateful for how the IWF grant positively impacted her, Denise hopes more philanthropic support can be extended to students in the creative arts.

The annual grant came from the IWF Singapore Education Grants Fund, a donor-advised fund (DAF) which IWF set up in 2014 with the Community Foundation of Singapore (CFS). IWF is an invitation-only network of accomplished women dedicated to advancing women’s leadership and championing gender equality. It strongly believes in nurturing the next generation of women by providing access to education and mentorship.

The IWF Singapore Education Grant aims to support deserving young women in any field, in any educational institution in Singapore. Beneficiaries are typically students between the ages of 17 to 35 who are applying or studying for a diploma or degree at a local polytechnic or university, and who are at risk of dropping out due to financial challenges.

Aside from monetary aid, the grant seeks to equip these students with life skills and guidance on career choices. This is done with the help of the Young Women’s Leadership Connection, a mentorship programme initiated by Mrs Arfat Selvam, Managing Director of law firm Duane Morris and Selvam LLP. For IWF, partnering with CFS has been the ideal way to fulfil its specific philanthropic goals. As Singapore’s only community foundation, CFS is a leader in philanthropy advisory and grantmaking, and will celebrate its 15th year of connecting donors with opportunities to make impact in 2023. Tapping into its deep roots in the community, CFS helped IWF navigate unmet needs in the educational sector, backed by its solid knowledge of local institutes of higher learning and data such as the cost of education.

With the help of CFS, IWF looks for students with grit – those who strive to excel in their chosen field. Beyond that, it also seeks out students with a strong desire to make a difference to their community and who show empathy for the less fortunate. In Denise’s case, what helped her stand apart was her commitment to sustainability.

While working in F&B, she gained an appreciation for managing waste, recycling and thoughtful sourcing of materials. This prompted Denise to weave in elements of eco-consciousness into her designs. She opts for natural fabrics, instead of synthetic ones, and is creating outfits that can be worn in many different ways, to improve their lifespan.

In 2021 alone, the IWF fund supported grants to 31 students in tertiary institutions. Since its inception, the IWF has awarded a total of 143 grants to 127 unique young women from 13 local institutions. Through its long-running generosity and tireless mentoring, the IWF has made a lasting impact on the lives of numerous young women.

Establishing a DAF with CFS is a seamless, cost-effective and flexible way for donors to embark on their very own giving journey. As a one-stop philanthropic centre, CFS tailors each DAF to a donor’s motivations and handles the tax, legal, reporting, governance and fund management requirements. This is all carried out at minimal cost. Backed by 14 years of experience and counting, CFS is honoured to be the leading provider of DAFs in Singapore today.

For more on how CFS can help you on your philanthropic journey, please visit this page.

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News

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

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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.

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Stories Of Impact

Retired doctor donates $1m to start new donor-advised fund

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Dr Chua, a retired doctor, 80, gave $1 million to start the Bamboo Lotus Fund with the Community Foundation of Singapore (CFS) in July after being inspired by another retiree’s donation of $1 million to start a charitable trust that he did the same thing. 

Describing himself as an “ordinary” general practitioner, and not a “highly paid medical specialist”, Dr Chua said: “I hope (my example) dispels the myth that only prominent individuals or corporate organisations can make significant donations. “To me, $1 million is a significant amount that will get others to notice and start to consider how much they can give too.”

Dr Chua, who has a daughter, said that helping others comes “naturally” to him and his family. Over the years, they have given “small contributions” to charity. But when he turned 80 this year and felt he may not “have many years left”, he decided to help in a more substantial way.

He plans to help disadvantaged women and families, and the arts and heritage through his new fund.

The retired doctor says bamboo, which signifies resilience, is his favourite plant, while lotus is one of the characters of his wife’s Chinese name. Thus, the Bamboo Lotus Fund was born.

It is one of 165 donor-advised funds under the Community Foundation. Donors pledge at least $200,000 to set up a fund. The foundation manages the money, advises donors on the needs in the community and disburses the funds according to their wishes.

CFS chief executive officer Catherine Loh said the number of donor-advised funds started to grow exponentially several years ago. At the start of 2018, there were 110 such funds. The biggest donors have given more than $20 million to set up their funds.

It took 10 years for the CFS to attract $100 million in donations for all the donor-advised funds set up by various individuals or companies. But it took just the past three years for that sum to hit $200 million, Ms Loh said.

The CFS was ranked third in a report on the 10 largest philanthropic foundations here.

Ms Loh said: “Through times of crisis like the pandemic, individuals have become more open and willing to give more sustainably to make their giving more meaningful.”

A growing awareness of the CFS’ track record has also attracted more donors to set up such funds.

They include successful professionals, retirees or individuals who are semi-retired, and companies.

They give to a wide range of causes, with mental health and the environment among those growing in interest, Ms Loh said.

Since its formation in 2008, the CFS has given out $122 million in grants to a variety of needs.

Dr Chua said: “I hope that this will inspire others in my profession or people of my age, to also donate their money before we pass on.”

To find out more about Legacy Giving, visit us at Legacy Giving or contact us 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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