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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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Events

International Women’s Forum Singapore: Empowering young women for a better future

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They may come from disadvantaged families, juggling work with school, but that has not stopped them from pursuing their dreams or even helping others. For this, ten young women were presented with the 2016 International Women’s Forum (IWF)’s Education Grants on 30 September.

Managed by the Community Foundation of Singapore, the IWF Education Grants support young women who are currently pursuing a diploma or degree in local polytechnics or universities but face challenges in continuing their studies due to financial difficulties. Many come from low income families and need to work to pay school fees or supplement their household income.

Recipients are selected for their academic performance, as well as resilience and aspirations. During the selection process, the Education Grants Committee also highlighted that despite their difficult circumstances, many of the recipients still found time to give back to the community by taking part in voluntary work such as befriending the elderly and mentoring young children and teens.

At the dinner reception held at CapitaGreen and hosted by IWF Singapore leaders including Dr Aline Wong, Yu-Foo Yee Shoon, Arfat Selvam, Saw Phaik Hwa, Chong Siak Ching, Carmee Lim, Goh Swee Chen and Doreen Liu, recipients and mentors mingled and exchanged anecdotes and advice. The young ladies also took to the floor to share their struggles with work and studies, for some the responsibility of caring for ill or unemployed parents and above all their unwavering quest for further education.

The IWF women leaders applauded the strength and determination shown by the recipients and invited them to be ambassadors at the IWF Singapore 20th Anniversary Conference in 2017 so that they can continue to be an inspiration to others. As part of the mentoring programme, IWF leaders will impart guidance, career counselling and life skills to empower these young ladies for the future.

At the 20th Anniversary Conference, the organisation hopes to raise $250,000 to enable and empower even more young women to change the outcomes of their lives as well as their families’.

About the International Women’s Forum

The International Women’s Forum is a singularly unique organisation comprised of more than 6,400 dynamic women leaders in 34 countries and 75 forums around the world. IWF members span careers, cultures and continents, however, they are wholly aligned in their commitment to building better global leadership.

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Stories Of Impact

Heart Of Goodness: The Vocal Prowess Of Stefanie Yuen Thio

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She stands out for her irreverence. Her saucy humour. Her no-holds-barred views on a gamut of issues from cryptocurrencies to shady KTV business owners. However, right now, flanked by vibrant Pop Art in her living room and two energetic dogs, Stefanie Yuen Thio is in “pensive mode”. In fact, she is downright disturbed.

As part of the Singapore Together Alliance for Action (AfA) to tackle types of online harm, the corporate lawyer has just come from a discussion about the growing harassment women face. “It’s not just sexual grooming and revenge porn,” she says. “Women, more than men, face a higher incidence of gender-based abuse on the internet such as cyberstalking, trolling and violent threats, and teenage girls are even more vulnerable. 

“We need to take a stand. It’s time the community took control,” she says. AfA is a government-led initiative, tapping youths, tech companies and academics, as well as corporate figures such as Yuen Thio, to come up with ways to make the online world a safer space. Foremost is to raise public awareness of the need for it, as victims typically have little idea what to do. 

Other goals are to create a code of best practice, to offer assistance and to scrutinise how social media is shaping online behaviour as well as mental wellness. A recent study from Nanyang Technological University, for example, found that the more time we spend on Facebook, the greater our risk of suffering from depression. 

A Voice For The Underprivileged

Yuen Thio knows well how social media can define us. Her voice is regularly heard on LinkedIn, where she has over 13,000 followers and was ranked one of Singapore’s top voices in 2020. She can also be heard on the BBC, where she is a guest commentator. Her tongue-in-cheek posts can be uninhibited, sometimes raising eyebrows and drawing flak. But this is not distracting Yuen Thio, who is clearly comfortable marching to the beat of her own drum, from championing the causes she believes in and sparking conversations that could galvanise change.

The online harms alliance, launched in July, is the latest of Yuen Thio’s advocacy work outside of her day job as joint managing partner at TSMP Law Corporation, a boutique corporate-law practice. She is also bringing her energy and savvy to the pandemic’s exigencies: as Singapore battled Covid-19, she has been driving efforts to help frontline workers and those hard hit by the cratering of the economy. 

“I read a story about an ambulance driver who was turned away from a chicken rice stall and about nurses who could not get a taxi home,” she says. It dredged up memories of SARS, when hospital staff were shunned during the 2003 outbreak for fear of them somehow carrying the virus. “I thought f— that! We’re not doing that again,” she says.

Empowering Others To Help

So, early on in the crisis, she helped put in motion the Sayang Sayang Fund with the Community Foundation of Singapore (CFS), a nonprofit that promotes philanthropy. Yuen Thio, who sits on the board of CFS, seeded the fund with a $20,000 gift. Managed by CFS, the Sayang Sayang Fund has since ballooned to over $9.6 million and supported more than 359,302 people in the Republic. 

Her law firm, too, has stepped up. With many of its staff working remotely via laptops, TSMP is donating unused desktops to the needy. The firm, which sets aside 10 per cent of annual profits for charitable giving, has been sponsoring meals and care packs for hospital workers. And, in Cheng San-Seletar constituency — its MP is Nadia Ahmad Samdin, a former TSMP lawyer — its staff have befriended and accompanied seniors to get vaccinations. 

This hands-on volunteering is in addition to the pro bono work the firm does. All its lawyers are encouraged to do 25 hours per year, to improve access to justice for the under-served. The firm takes a special interest in cases where migrant workers are treated badly and works with groundup initiatives such as Humanitarian Organisation for Migration Economics, Transient Workers Count Too and It’s Raining Raincoats

Yuen Thio, who was an advisory board member for the NUS Centre for Pro Bono & Clinical Legal Education from 2018 to 2020, recalls a tea that TSMP organised for foreign domestic workers. “We talked about their rights. And so many of them cried because nobody had ever looked at them with much humanity,” she says.

The Law Firm That Gives

The firm has also established the TSMP Law Foundation to allow more structured giving, something Yuen Thio is hoping to prod more wealthy Singaporeans into doing. With husband Thio Shen Yi, who co-founded TSMP with his mother, the couple has created a #GivingBack Foundation through CFS, which helps individuals set up and manage funds and grants. The foundation also works with over 400 charity partners in Singapore. 

Through these plans, she hopes philanthropy will be less ad hoc and will become more a part of the Singaporean DNA. As part of their legacy gifting outreach, for instance, CFS is encouraging everyone to leave something in their wills to charity, be it properties, equities, art or wine. But beyond that, she wants Singaporeans to start on their philanthropic path earlier in life. 

“Charity should start early and not only after you die,” says Yuen Thio. CFS can help set up foundations within as little as 24 hours and is reaching out to the well-off through private bankers and family offices. 

She also advocates getting the next generation involved to further institutionalise giving. “The tragedy of this generation is a sense of purposelessness. There are too many safety nets,” reckons Yuen Thio, who has a son studying in London. 

However, she notes that the youth of today also have an altruistic streak and can be swayed by causes such as climate change and social inclusion. Their motivations, compared to “my generation whose goal was to make money first”, will undoubtedly shape the future of philanthropy.

What is also firing her up at the moment is how women are reshaping philanthropy. She describes the no-strings attached, big-ticket giving by MacKenzie Scott, ex-wife of Amazon tycoon Jeff Bezos, as inspiring. In her opinion, “…Women are more concerned about impact, not control. We look at needs and, in my experience, are much more ready to open our wallets when a cause resonates with us. We tend to give from the heart, men from the head. Men are less emotional, they think of data and longevity of legacy,” she says.

Another generous giver is Melinda French, the ex-wife of billionaire Bill Gates. Both Scott and French are donating to causes that empower women and boost education — things that Yuen Thio believes could turn the tide for gender equality. Reflecting further on how these women have come into their own after their divorces, she says, “Sometimes, when the wife has lived in the shadow of her husband, you need a marriage to break down for a woman to really shine.” 

Strength in Solitude

For herself, she has found solo travel to be empowering. Yuen Thio embarked on her first one three years ago and chose Beirut. “I had never lived by myself or had my own space. I wanted to feel how it was to be my own person in the world, out of my comfort zone,” she says.

Armed with her telephoto lens, the photography enthusiast made her way to the Lebanese capital and was thoroughly struck by the city’s contrasts. A memory of the bombed-out Holiday Inn rubbing battered shoulders with the palatial Intercontinental Phoenicia stands out for her, attestation to the resilience and durability of the human spirit.

Women, more than men, face a higher incidence of gender-based abuse on the internet such as cyberstalking, trolling and violent threats, and teenage girls are even more vulnerable. We need to take a stand. It’s time the community took control.

When she turned 50, she packed her bags for a solo trip to Bordeaux and then to Auschwitz-Birkenau. She chose the wine region in the southwest of France because she speaks French, and the concentration camps in Poland to try and comprehend the past. “I wanted to understand human history,” she says, adding that we shouldn’t run away from confronting terrible things. Walking through the extermination chambers, she was shaken by the banality of evil. “I remember thinking, ‘This is what evil feels like. It creeps up on us.’” 

Covid-19 has halted her travels, both for work and for leisure, but it has also given her time to slow down, connect more, write more. 

“I’ve always liked writing,” says Yuen Thio, who spent one holiday during her university days as a cub reporter for The Straits Times Life!. Whether advocating for clients, the under-served, or simply musing on an issue that moves her, Yuen Thio makes an impact with her inimitable, eloquent voice.

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

This article was originally published in A Magazine here. Permission required for reproduction.

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News

Trina Liang-Lin takes over as Netball Singapore chief, pledges to bring in more financial support

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

CFS’s Board Director, Trina Liang-Lin, is the new President of Netball Singapore. She highlights the need to address the underrepresentation of sports in philanthropic efforts and aims to change this trend by amplifying the core values of sports. Contact us to learn more on how you can support Singapore’s sports communities.

Sporting bodies are usually not beneficiaries of philanthropic groups, but Netball Singapore’s new president Trina Liang-Lin hopes that will change by “amplifying” sport’s values.

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
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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.

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”。

Picture of admin bluecube
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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.

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