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The Community Foundation of Singapore spreads greater love through effective use of charitable gifts
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The Community Foundation of Singapore spreads greater love through effective use of charitable gifts

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portrait of CFS CEO Catherine Loh

Catherine Loh, the CEO of the Community Foundation of Singapore (CFS), recently spoke to Lianhe Zaobao to share more about the work the organisation is doing. CFS has over 13 years of expertise in philanthropy advisory, fund administration and grantmaking and has been recognised for its commitment to transparency and governance. Hence donors can be confident that their grants will help meet the evolving needs of the community – now and into the future.  

As shared by Ms Catherine Loh, the CEO of CFS: “With falling birth rates and a rising elderly population, philanthropy can focus more on the elderly in the coming years. While the government take cares of the basic needs, there is much that the general public can do to improve the quality of life of the elderly, give them dignity and allow them to have a meaningful and active third age. 

In the area of education, in addition to the young, we should also be helping adult learners who need additional support as they re-train due to disruptions brought on by rapidly changing technology.” 

Catherine Loh also shared that, following last year’s outpour of generosity, CFS saw how much Singaporeans care about others – supporting programmes relating to the disadvantaged, education, health and more. The Sayang Sayang Fund, established in response to the COVID-19 pandemic, has drawn over S$9 million in donations from 5,185 individual and corporate donors, helping an estimated 136,000 individuals across Singapore.  

Since its establishment, CFS has collected a total of 192 million, distributing more than 114 million dollars in grants and is currently managing a total of 162 charitable funds. As a charitable organization, CFS helps individuals and corporates set up and manage their own donor-advised funds, supporting causes which they are passionate about.   

Building on the momentum of the launch of the Legacy Giving Initiative and “A Greater Gift” campaign, CFS is focusing on growing knowledge of legacy giving and the value of gifts to charity. A poll – conducted by CFS and NVPC between April and July last year with survey firm Toluna – found that 6 in 10 agree that everyone can make a legacy gift. Going forward, CFS will focus on highlighting ways of making gifts, as well as encouraging and enabling philanthropy conversations – whether at dinner tables or in office settings. 

CFS recognise that, while there is awareness, more information is needed to help individuals make informed decisions. CFS actively reaches out to legal and financial professional advisors, to share about the donor-advised fund as a modern tool for planning philanthropy. It is our hope that professional advisors will more frequently include charitable giving in conversations about wealth planning with clients.  

One example of CFS’s donor-advised fund would be the SR Nathan Upliftment Fund (SRNEUF), which has distributed millions of dollars to bursaries, scholarships and various financial assistance programmes, to support financially disadvantaged students to smoothly advance to higher education. 

As shared by Mr Bobby Chin, Chairman of the Grant Advisory Committee of the S R Nathan Education Upliftment Fund: “President Nathan’s life epitomises the spirit of generosity, caring and giving. He was a tireless giver. Known to come from humble beginnings himself, he was always known to have a heart for the less privileged in society. 

As we celebrate the Fund’s 10th anniversary, we are happy to share that the SRNEUF has disbursed over $3.7 million to support ITE, polytechnic and university students through awards, bursaries, scholarships as well as monthly financial assistance.” 

The other example is the Dr. Lim Boon Tiong Foundation which donated 24 million dollars from his estate, to assist elderly and terminal patients, and fund cancer research. Working as a doctor till the age of 80, Dr Lim’s medical background and life experiences shaped his interest in helping the elderly and those suffering from urological conditions. After he was diagnosed with prostate cancer in his 70s, Dr Lim became interested in supporting urological cancer research.  

His daughter Sylvia revealed that her father was frustrated because he was unable to help her grandfather who also had prostate issues. When he became ill himself, he wanted more research in this area to benefit future generations. 

Dr Lim passed away prior to the establishment of the fund, leaving his wishes to be executed by his adult children.  

In 2018, his daughters Sylvia and Ivy set up the Dr Lim Boon Tiong Foundation, a donor-advised fund with CFS – with a gift of $24 million supporting causes that Dr Lim was passionate about. 

CFS worked with them to identify and support projects such as the Dr Joseph Lim Boon Tiong Urology Cancer Research Initiative at the National University of Singapore (NUH), Catholic Welfare Services (CWS) and Assisi Hospice. 

This translated article was originally published by Lianhe Zaobao 

Credit: Lianhe Zaobao © Singapore Press Holdings Limited. Permission required for reproduction.  

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Beyond cultural philanthropy: The art of making a difference

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group of musicians practicing together

Last month’s Patron of the Arts event was a spot of sunlight at a time of gloomy Covid-19 headlines. The fact that Singaporeans – individuals as well as corporations – are still strongly supporting our arts groups in cash donations as well as with in-kind gifts was a heartening takeaway for everyone who cares for the arts and cultural scene in our country.

The annual awards – alongside a similar counterpart in the heritage sector – are a meaningful way to thank those who have been generous to the cultural landscape. And I am sure patrons also enjoy being in the limelight for an evening and being recognised for the vital support that they give to Singapore’s culture.

Cultural philanthropy is important for sustainability in the sector as it complements the grants given by the Government and the income that groups earn from ticket sales, classes and other programming.

However, while awards may recognise more significant donors, in reality, everyone can play a part, and arts companies appreciate all contributions, big or small. The income tax deduction also serves as an added incentive.

But beyond philanthropic giving, there are numerous other ways Singaporeans support the cultural scene. For starters, there are the skilled but unpaid volunteers who help out in many arts companies, serving on the board or on one of the committees. Today, with many arts companies being charities and some even Institutions of Public Character, which can collect tax-exempt donations, the boards have the important role of ensuring compliance with the latest codes of governance.

Fortunately, many of our leading arts companies have volunteers from the corporate world, including bankers, lawyers and accountants, who can contribute their expertise and ensure companies are well run, with funds from donors and grant-givers accounted for.

Sometimes, where necessary, they even mediate the relationship between the artistic team and company’s administrators who manage the purse strings.

Supporting artists’ works

It is also important to remember philanthropic giving typically benefits these arts charities. So any largesse may not benefit the freelance musicians, creative writers and visual artists, unless they receive commissions from the companies.

That is why there is another kind of patron who should be recognised. These patrons visit the artists’ studios, check what they are working on, and acquire or commission new works as a show of support. This is not philanthropy that attracts tax deductions, but such patrons have been instrumental in sustaining the careers of the visual artists, especially in the early days of their practice.

One sterling example of how one individual can make a difference is architect, art collector and former chairman of the National Gallery Singapore Koh Seow Chuan. His support of, and genuine interest in, Singaporean artists from pioneer painters like Cheong Soo Pieng to young contemporary artists, is well known and documented in Singapore’s art history. Singapore needs more committed patrons like Mr Koh.

Corporations, too, can give work to home-grown artists through active commissioning. For example, Raffles Hotel, as part of its reopening earlier this year, commissioned a playwright and theatre practitioners to create a virtual whodunnit set on the hotel’s beautiful grounds.

Co-owning the arts

But why is giving to the arts important in the first place? Why can’t the Government just fund and take care of everything? Well, that is because the arts should be co-owned by the people, even if there is strong government support. This model also ensures a diversity of artistic expressions and encourages more ground-up creations.

For individuals who step up and offer their time, energy and financial wherewithal, I suggest that they are driven by a deeper desire beyond a personal love for an art form. They clearly understand that art created from the community has something unique to say about the world we live in, conveyed through an artist’s sense of aesthetics or personal philosophy.

Such individuals also appreciate how the arts can inspire, restore weary spirits, and bring joy to people. Thus, by enabling artists or arts groups, these engaged individuals enrich the larger community and by extension, the nation.

For those with both ambition and resources, individuals have even galvanised like-minded people with diverse skills to start an arts company. Two relatively new organisations that have made significant strides in recent years are the Jazz Association, which develops and promotes home-grown jazz talents, and Re:Sound Collective, which programmes excellent chamber music for classical music lovers.

This is the spirit we need to harness in the Singapore of tomorrow. Certainly, the Government has signalled that it welcomes more partnerships with the private and people sectors, and no doubt, it has the resources to enable growth. This, of course, means a joint ownership of the arts and the attendant challenges in artistic excellence and audience development.

For those with the interest, skills or financial means but have no idea how to navigate and support the cultural scene, here are some practical suggestions.

The National Volunteer And Philanthropy Centre provides a service that matches skilled volunteers with leadership roles in non-profit organisations, including arts companies. First-timers can always start with event-based volunteerism, or by serving on a sub-committee, before offering to contribute on a board.

For those with more substantial financial means, they can approach the Community Foundation of Singapore (CFS), which can advise them on how to start a fund to support the cultural scene.

The CFS has helped donors set up charitable trusts with an interest in giving to the arts, among other priorities, on a sustained basis. In particular, newly settled entrepreneurs or business owners from overseas could consider this both to support and better understand the Singaporean cultural fabric.

One area Singapore can do better is in how the Government and an active citizenry can jointly identify the gaps in specific sectors, and establish ways to work together on solutions and co-deliver the outcomes. The Government should not be expected to have its finger on the pulse of every part of society, and indeed may not also be in the best place to respond to every challenge.

Timely questions

For the arts, this is a timely question as the National Arts Council takes stock of its first five-year arts master plan and looks ahead to its next.

Should grooming pop music talent for export or developing community arts for positive social outcomes be a priority? What about adapting our home-grown literature across multimedia or facilitating more translations? And importantly, how can the people sector jointly own these priority areas?

The approach here applies to other parts of society as well – from the social sector to sports and the environment. A trusting partnership between the Government and committed citizens will lead to Singaporeans proactively owning challenges and gaps in specific sectors, encourage experimentation on new approaches while providing greater clarity to private funders and skilled volunteers on where to focus their energies.

Successful partnerships will also reduce duplication and inefficiencies, such as having too many parties with similar missions or chasing after the same demographic to provide services.

As existing non-profit companies make an objective assessment of their future and relevance to their stakeholders, government agencies will also need to reflect on how much more space they can cede to support the growth of the people sector to achieve such strong partnerships.

This will be critical for a resilient citizenry, as society matures and the people continue to grapple with the pernicious impact of a protracted pandemic.

  • Paul Tan is the former deputy chief executive of the National Arts Council and serves on a few boards of non-profit arts companies in Singapore.

If you would like to start your journey of effective giving, visit here.

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

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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.

Opinion

5 Critical gaps in caring for vulnerable seniors in Singapore

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two young people helping an elderly

Singapore is fast reaching superaged status. Life expectancy is going up while the birth rate is heading south. By 2030 – not many years from where we are today – one in four Singaporeans will be 65 years or older. More worryingly, a fifth of that cohort will be over 80 (Population in Brief 2021). 

Ageing well and quality of life are huge concerns for our elderly. The biggest challenges centre on health: physical frailty or disability, sensory impairment such as hearing loss, or chronic conditions such as dementia or diabetes. However, ageing is not just a matter of biophysical health. It is also about bolstering psychological, emotional and community support. 

Mental wellness issues, such as depression and loneliness, are a real threat to the older demographic. On top of this, many older Singaporeans worry about financial security, due to escalating care costs, inadequate retirement income and limited earning opportunities. 

Many people prefer to age at home but that too has its challenges. In this article, we highlight the critical gaps in caring for vulnerable seniors and what can be done to support them so that ageing can be enabling, empowering and meaningful.

#1 Funding rising healthcare needs

Singapore’s healthcare expenses could jump tenfold between 2016 and 2030 to over $66 billion1. Family is typically the first line of support but families are getting smaller and relationships may be estranged. Income caps also mean not everyone qualifies for government aid. 

Even when fees are subsidized, low-income seniors may struggle with costs. Women, in particular, face more financial insecurity as they tend to have interrupted employment or be in low-wage or unpaid care work. Women also tend to outlive men and are more likely to be single, widowed or divorced in old age. 

The burden lands on welfare organisations to meet the shortfall. However, causes that help the elderly don’t attract as much funding as say, education, which in Singapore receives the lion’s share of donations: in 2019, they accounted for 52.9% of total receipts of $20.8 billion (Commissioner of Charities 2020).

#2 Access to home care and assisted living

Letting people age at home or in the community and delaying institutional care is a universal goal. But as the number of seniors with mobility issues or age-related ailments increases, demand for home nursing, home therapy, meal deliveries, assistive devices and home safety and modification services (to prevent falls) will rise. There will also be a much bigger role for centre-based eldercare, such as day care, and initiatives for assisted living.

#3 Depression and suicide

Aside from physical ill health, many seniors grapple with loneliness, loss of loved ones or dependence on others. The number of elderly living alone doubled to 63,800 in 2020 from a decade ago and is set to hit 83,000 by 2030 (Singapore Department of Statistics). 

According to the Samaritans of Singapore, the number of people aged 60 and above who took their own lives reached a high at 154 deaths in 2020. That’s a 26% increase from the year before and is the highest elderly suicide death rate since 19912. There is an urgent need to support charities that connect with seniors, organise social outings or wellness activities for them, offer intergenerational bonding or assist beneficiaries with their healthcare needs such as medical appointments and screenings. 

#4 Dementia support

Dementia is our nation’s most prevalent neurodegenerative disease today, affecting one in 10 seniors. By 2030, the number of dementia patients is set to reach 92,000 – a doubling from 2015 (Dementia in the Asia Pacific Region). Dementia additionally imposes a huge burden on caregivers, many of whom are ageing themselves. We need more funding to support early diagnosis and intervention, community dementia care services such as exercise and cognitive activities as well as training and support for caregivers.

#5 End of life care

Discussions about death or end of life remain taboo. There is insufficient advance care planning as well as a lack of healthcare workers and expertise in the palliative care system. Better awareness and improved options for inpatient, home or day care hospice services are needed.

How CFS helps you do more with your giving

If you would like to help seniors who have fallen through the cracks or would like to make ageing more empowering and inclusive, we at CFS can align your giving goals with the needs of this community. We are a cause-neutral organisation that supports grantmaking to a wide range of charitable areas in Singapore. Of the 400-plus charities we evaluate and make grants to, close to 30% work with seniors. We partner with charities that focus on clearly identified problem areas or social gaps that are under-supported. Charities must also demonstrate measurable outcomes and good stewardship of funds.

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

As a donor, you will save on legal expenses and enjoy upfront tax deductions at the prevailing rate on eligible donations. Donors will also receive regular statements tracking incoming donations to the DAF and outgoing disbursements to charities. CFS has an established track record when it comes to setting up DAFs and our DAF payout rates outperformed the entire US DAF industry by 12% and their community foundations by 2 times. 

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

This article was written by Sunita Sue Leng, a former financial analyst and journalist, who believes that the written word can be a force for good. She hopes to someday write something worth plagiarising.

1 https://www.asiaone.com/health/elderly-health-costs-rise-tenfold-2030-report

2 https://www.sos.org.sg/pressroom/singapore-reported-452-suicide-deaths-in-2020-number-of-elderly-suicide-deaths-highest-recorded-since-1991

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CFS Annual Report 2017

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CFS annual report 2017 cover

The CFS Annual Report 2017 has just been published. This year’s Annual Report sums up CFS’s effective work with donors and charity partners for the year as we continue to impact diverse communities. Download your copy here.

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