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The Business Times: DAFs still quite new concept: charities index
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The Business Times: DAFs still quite new concept: charities index

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A snapshot of the innovative charities index, showcasing the dafs, a new concept in the philanthropic world.

SINGAPORE was among the top 10 most generous countries in 2018 – according to CAF World Giving Index published by Charities Aid Foundation, a British charity – with 58 per cent willing to donate money to a charitable cause.

However, according to calculations by the Community Foundation of Singapore (CFS), a non-profit organisation that encourages and enables philanthropy in Singapore, just 1.1 per cent of total giving in Singapore in 2017 was to donor advised funds (DAFs), as it is still a relatively new concept.

DAFs are charitable fund accounts that people or organisations can open. An amount of money will be pledged to a cause they are passionate about.

CFS, which started in 2008, has 115 charitable funds. It has raised S$130 million in donations and given out S$65 million in grants.

Laurence Lien, former chairman of CFS, said: “When we first started, there were not a lot of donor-centric vehicles and we sensed that in Singapore, a lot of people say ‘I want to give’, but they do not know how, or the thought of starting a foundation or charitable trust was just so overwhelming.

“Setting up a foundation or a charitable trust is so expensive, and that made them put it off for such a long time.”

He added that for people to be able to start something at the snap of their fingers, “there is definitely a gap in the market for that”.

Mr Lien said that DAFs are motivating philanthropists to think more about the cause they would like to donate funds to and how their donations will help to solve the problem. Some donors with DAFs are willing to come together and discuss ways that they can further make a great impact on complex social issues as they get personally invested in a cause.

CFS has hosted some initiatives, such as Singapore Youth Impact Collective, and the collaboration with National Volunteer & Philanthropy Centre, Colabs, to help facilitate discussions between such donors.

“Such initiatives help connect the benefactors, charities and donors, and by discussing social issues that need to be addressed, it helps to pinpoint the wider societal problem that needs to be tackled,” said Mr Lien.

When comparing the trend of volunteerism between Singapore and a Western country such as the United States, Eileen Heisman, president and CEO of National Philanthropic Trust (NPT), a non-profit based in the US, noted that for the US, rates of volunteering are going down, whereas in Singapore, there is an upward trend.

This is crucial, as Ms Heisman has observed that when donors volunteer their services and see first-hand what is going on, the issue feels much more personal for them and makes them more committed to the cause.

She added: “I recommend donors to stay with a cause for five to seven years before moving on to a new cause as charities need sustainable funding.”

Mr Lien also encourages volunteerism before moving on to monetary donations, pointing out that there are certain skill sets such as marketing, that volunteers can help with.

Mr Lien said: “I am aware that CFS is limited in providing such support to charities and I am supportive of volunteers who are able to directly lend their support to charities through this method.”

When asked about the public distrust towards Singaporean charities due to past scandals, Mr Lien felt that it was unfair that local charities are being grouped together and condemned just because of one such organisation got exposed for mishandling funds in the past even though the rest are doing “fantastic work”.

To regain public confidence, Mr Lien added that organisations such as CFS help donors do due diligence on the chosen charity to ensure that their money is being put to good use.

Donors who set up funds with CFS receive a six-monthly donor statements with updates on their fund balance, donation history, and grants disbursed.

Mr Lien said: “I find that the bigger risk is giving it to a charity that will not use your money at all because they have so much of it. If donors choose to do it alone, they usually go for brand names, but if you look at the balance sheet of these brand names, they sometimes have billions squirrelled away.”

Ms Heisman concurred and said that charities are required to do tax returns and such information is accessible to the public online.

“These measures help create transparency for the organisation and donors, and help donors make a more informed donation to their charity of choice.” She added that smaller charities tend to come up with new solutions for old problems which are much more effective, and funding a small charity is like “funding a startup business” as they are more innovative and are like disruptors.

She added that smaller charities tend to come up with new solutions for old problems which are much more effective, and funding a small charity is like “funding a startup business” as they are more innovative and are like disruptors.

“It is much easier to explain the concept of DAFs to donors now as the idea is becoming more prevalent in the US. I think because of Web-based banking, the case and speed at which you can get information has made DAFs more popular with people.”

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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Stories Of Impact

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

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

The MEANS (Migrants Emergency Assistance and Support) Community Impact Fund helps migrant workers who are legally employed in Singapore under R passes, work permits or special passes. It provides immediate and short-term financial assistance to disadvantaged migrant workers by covering:

  • Medical care to ill or injured workers who are abandoned, abused, under threat or under fed by their employers or whose medical care is not covered by their employers.
  • Shelter and basic necessities to injured workers or those seeking redress against unfair employment practices such as violence at work or contract violation.
  • Transport cost for workers who need to go to the various authorities (like Ministry of Manpower or the police) to resolve their cases regarding unfair employment practices as well as workers seeking employment while assisting in investigations.

Photo: Tom White Photography

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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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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.

News

The Straits Times – PR gives back by boosting senior welfare

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John Doe
Mr Govind Bommi posing infront of the camera advocating for giving back to the community with elderly people in the back

After 20 years in this country, which he now calls home and where he was able to start and grow a successful business in water filtration, Mr Govind Bommi thought it was time to give back.

He called his lawyer in 2015, and said he wanted to start his own charity fund.

“My lawyer asked me whether I was ready to put in the time and resources to run my own trust fund,” said the 71-year-old permanent resident originally from Bangalore, India. “He asked me not to rush into it.”

The lawyer asked him to contact the Community Foundation of Singapore instead.

He told the foundation he intended to support eldercare services as he felt an affinity for a sector with growing needs.

“I am also a senior, I feel I can do something.”

Mr Bommi is married to a Singaporean. He came to Singapore more than 20 years ago to work for a multinational and decided to settle down here. He has two children and five grandchildren who are living overseas.

Foundation staff took him around to view nursing homes and rehabilitation centres.

A visit to the Metta Day Rehabilitation Centre in Tampines left an impression. “The centre helps seniors discharged from hospitals get back on their feet. Their work is meaningful,” he said.

In March 2016, Mr Bommi set up a $250,000 fund under the care of the foundation to support the centre.

He has since pledged to increase his donation to $1 million over several years to support programmes run by the centre.

Besides making the donation, he also visits the centre every Thursday morning as a volunteer to keep the seniors company. Having the foundation run his donation fund gives him more time to volunteer at the centre, he said.

“Making a one-time donation is easy, but committing time to volunteering is harder.”

When asked why he volunteers then, he replied with a laugh: “Volunteering is more fun.”

Read more.

Photo: The Straits Times

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.

Events

Inspiring thoughts from our anniversary speeches

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A lady giving a speech at a podium

At CFS’s 10th anniversary event, it was the perfect moment to reflect on the sea of change in the philanthropy landscape over the past decade. But what lies ahead? Our three distinguished speakers – Grace Fu, Minister for Culture, Community and Youth, Catherine Loh, CEO of CFS, and Laurence Lien, Chairman of CFS – all struck home the point on philanthropy’s potential for growth in Singapore – through driving impact via new giving channels, collaboration and innovative approaches.

Here are three inspiring thoughts from the evening’s speeches:

Working together to build a caring Singapore.
The work at CFS contributes to SG Cares, because an impactful philanthropy landscape is a hallmark of a caring society, where those with resources give back effectively to help those in need. Collaboration is the way to go, and donors today are taking more initiative, and seeking more meaningful engagement opportunities. CFS is well positioned to seize these opportunities and provide the platforms.”
Grace Fu, Minister for Culture, Community and Youth
Read more

Philanthropy will need to continue to evolve.
“While Singapore has progressed rapidly, the social challenges we face, from an ageing population to social inequality, have become more complex and interconnected. While the government tackles social issues on a large scale, there are always gaps that are in need of more support. It’s crucial for philanthropy to evolve to tackle these diverse issues within our community innovatively.”
Catherine Loh, CEO, CFS
Read more

There’s room to dream bigger and beyond.
“I hope that in 2028, we will see mini community foundations in our neighbourhoods, in places like Toa Payoh, Queenstown and Punggol. (I hope) that we have democratised giving. Giving is not only for the rich; everyone should and can give. I hope to see young adults start donor advised funds with us, at smaller amounts of commitment, and our collective funds grow with widespread contributions. I hope to see CFS raise $1 billion in donor funds, maybe not in 10 years’ time, but at some point in the future.”
Laurence Lien, Chairman, CFS
Read more

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”。

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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.

News

Media release: CFS and NVPC initiate cross-sector collaborative effort to help disadvantaged young persons in Singapore

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Colabs Graphic Logo
  • Partnership between CFS and NVPC formed Colabs, to drive collaboration among the public, private and social sectors to tackle complex social issues
  • First series tackles social mobility of disadvantaged young persons in Singapore

Singapore, July 2, 2018– The Community Foundation of Singapore (“CFS”) and the National Volunteer & Philanthropy Centre (“NVPC”) have partnered to catalyse collaboration among the public, private and social sectors.

Colabs, an initiative by CFS and NVPC, drives collaboration by bringing together philanthropists, businesses, non-profits and sector experts to share knowledge, exchange ideas and co-create solutions. More than 100 representatives from 56 stakeholders took part in the first Colabs series that focused on the needs of disadvantaged young persons. These comprised government ministries, statutory boards, multi-national corporations, private companies, foundations, individual philanthropists, academics and non-profit organisations.

In addition, CFS and NVPC have released a guide to provide funders from various sectors of society with practical ways to help disadvantaged young persons in Singapore. The guide, titled ‘A Call for Collaborative Giving: Closing the Gap for Disadvantaged Young Persons’, capturesinsights uncoveredby the diverse group of stakeholders who met to discussthe issues, and outlines clear recommendations for collective action.

“Collaboration is the way forward, as the scale, scope and complexity of social issues today makes it impossible for a single player or the government to solve alone,” said CFS Deputy Chief Executive Officer Joyce Teo. “By leveraging our shared expertise, skills and resources, collaborative partnerships offer donors opportunities to bring about more impactful social change.”

NVPC Director of Strategic Partnership Darrel Lim elaborated: “While there are numerous programmes by organisations to address current issues, there are still gaps, challenges, and constraints faced by beneficiaries and social services. Colabs is a platform which brings together like-minded stakeholders to learn and share insights, uncover gaps in the current system and collectively devise ways to plug these gaps.”

The Colabs series on disadvantaged young persons focused on whether education is a game changer for improving their social mobility. Over the course of eight months, participants shared and heard from sector experts, beneficiaries, and donors. Through roundtable talks, workshops, as well as a field trip and poverty simulation exercise, participants learnt about the challenges that prevent disadvantaged young persons from doing well in life, and the types of support currently available.

Elaine Loo, Director of Central Youth Guidance Office, Ministry of Social and Family Development, commented, “Colabs connects stakeholders across the various sectors to facilitate the sharing of perspectives and nudge collective efforts to address issues that our children and youth are facing today. Networks such as these are useful platforms that allow public agencies to hear directly from stakeholders, including our private sector partners.”

Colabs participants found that while education can help bridge social gaps, not every child can fully tap into the benefits that education can bring. Economic, social, and cultural differences also contribute to a greater degree of variance in Singaporean students’ academic performance compared to students from other countries[1], and social gaps may widen if disadvantaged young persons here are not given the help they need.

Disadvantaged young persons here face multiple challenges. Parents tend to work long hours or hold shift jobs, leaving little time to attend to their children’s learning needs. They often shoulder more adult responsibilities[2]. This can result in poorer literacy development and academic performance, and may lead to psychological issues such as depression and other conditions[3].

“It is difficult to have a ‘one size fits all’ solution because circumstances vary from person to person. Instead, harnessing collective expertise towards providing a variety of support structures with the capacity to consider unique individual needs will result in greater, longer lasting impact,” noted Benjamin Teo, social worker and Centre Director at SHINE Children & Youth Services.

The Colabs guide outlines three different levels on which aspiring changemakers can make a difference through philanthropy and/or volunteerism. Firstly, there are programme-level initiatives which affect young persons directly. These involve supporting new programmes or enhancing existing ones. Secondly, there are organisational-level initiatives that target to strengthen non-profit organisations’ capacity and capabilities; these can significantly impact outcomes across many programmes. Lastly, funders can choose to invest resources on sector-level initiatives that will impact the wider ecosystem, such as the development of multi-stakeholder data sharing platforms. More details can be found on pages 10 to 13 of the guide, which can be downloaded here.

A second Colabs series focusing on persons with disabilities has concluded and a third Colabs series focusing on seniors will commence later this year.

END

About Colabs
Colabs is a philanthropic initiative by the National Volunteer and Philanthropy Centre and the Community Foundation of Singapore. It drives collaboration by bringing together the public, private and social sectors to tackle complex social issues. It enables philanthropists, businesses, non-profits and sector experts to collectively build insights and co-create solutions for lasting change.

About the Community Foundation of Singapore
The Community Foundation of Singapore (“CFS”) is a non-profit organisation founded in 2008 to encourage and enable philanthropy in Singapore. We match donors’ interests with causes and offer ways for them to make a greater impact through their charitable funds. We also collaborate with charity partners to identify and develop programmes that support diverse communities. Our purpose is to create real and meaningful change while building a philanthropic culture in Singapore. CFS is a registered charity with Institution of a Public Character status.

About the National Volunteer & Philanthropy Centre
The National Volunteer & Philanthropy Centre is an independent not-for-profit organisation that advocates giving in Singapore. Our vision is for Singapore to be a Giving Nation and to cultivate a strong culture of contribution where giving is part of every Singaporean’s DNA. We work closely with charities, corporates, public sector agencies, institutions as well as the community to build a robust ecosystem to make giving simple, fun and meaningful.

[1]According to the most recent Programme for International Student Assessment (“PISA”) international survey by the Organisation for Economic Co-operation and Development (“OECD”). The latest PISA survey results show that ESCS differences account for 16.8%, 17.0%, 15.1% of the variance in Singapore students’ performance in science, reading, and mathematics, compared to the OECD average of 12.9%, 11.9%, and 13.0%, respectively.

[1]  Mathews, M. & Chan, C. (2015). Empowering Low-income Families: Documenting the Contributions of Family Excellence Circles (FEC)

[1]  Mathews, M. & Chan, C. (2015). Empowering Low-income Families: Documenting the Contributions of Family Excellence Circles (FEC)

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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