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The Peak Power List 2016 honours 10 leaders in philanthropy and social enterprise
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The Peak Power List 2016 honours 10 leaders in philanthropy and social enterprise

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Congratulations to CFS Board member Keith Chua and donor Lim Siong Guan of the Leading Foundation on being selected for The Peak Singapore Power List 2016. This year, The Peak honoured 10 leaders in philanthropy and social enterprise who have worked tirelessly towards building a sustainable future for the public good.

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Stories Of Impact

The Funding Network (TFN)

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The Funding Network (TFN) is an innovative, inspiring and rewarding way for donors to make a real, positive difference to the community. The programme offers charitable organisations the opportunity to pitch their cause to a group or corporation to secure crowdfunding and mentoring as well as expand their donor base and network. TFN makes it possible for individuals, foundations and corporations to give collectively in increments starting from S$50, with an aim to raise at least S$10,000 for the non-profit. Here are some projects TFN successfully supported:

  • GoLi – The Moving Theatre

GoLi is a travelling theatre that goes around Singapore transforming community spaces into vibrant places for arts and culture. In 2014, the group secured funding from The Funding Network and other sponsors to kickstart the design and construction of an inflatable pop-up theatre. After a technical trial conducted in November 2014 to test its robustness, GoLi embarked on designing a second structure with a larger and more flexible capacity. The inflatable theatre finally made its official debut outside Toa Payoh Community Library at the Singapore International Festival of Arts in July 2015. 

  • Groceries With Love on Wheels (GLOW)

The National University of Singapore Society (NUSS) initiated Groceries With Love on Wheels in 2010 to deliver basic necessities to low-income and house-bound residents. On 7 June 2014, more than 550 volunteers distributed grocery bags to 3,000 needy recipients identified by People’s Association.

  • Lunch treats for the elderly

Dignity Kitchen takes the elderly and needy out for meaningful city tours and meals. The tours bring them to places of interest and nostalgia complete with a special lunch prepared by Dignity Kitchen. In April 2014, the social enterprise secured funding through TFN which enabled them to work with 18 eldercare centres and nursing homes to bring some 708 seniors out for a treat. 

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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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The Straits Times: Philip Yeo biography raises more than $500k for charity

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“More than half a million dollars have been raised for charity in conjunction with the launch of former senior bureaucrat Philip Yeo’s biography, Neither Civil Nor Servant.

The funds collected by the Economic Development Innovations Singapore (EDIS) – which Mr Yeo chairs – will go towards helping underprivileged children, via the company’s corporate social responsibility arm, EDIS Cares.

The monies will enable EDIS Cares to expand its programmes in Singapore to reach a targeted 300 children over the next three years, EDIS said yesterday.

The EDIS Cares fund is administered by the Community Foundation of Singapore.”
Read more here.

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All about legacy giving

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LEGACY giving is not the prerogative of the ultra-wealthy alone. That is the mindset the Community Foundation of Singapore (CFS) wants to inculcate with its latest movement – the Legacy Giving Initiative (LGI) – which was launched by a campaign called A Greater Gift last November.

According to a Social Pulse survey, while the majority of respondents (83 per cent) flagged awareness on what legacy giving is, only 33 per cent considered legacy as a means of giving, and just 3 per cent indicated they would take action.

Legacy gifts can be broadly defined as planned, future donations to charities, which include cash, marketable securities, insurance payouts, and CPF monies. Those looking to support a cause over a period of years can establish a donor-advised fund (DAF) with organisations such as CFS to manage grant distributions. Now, about six months after the Legacy Giving Initiative was launched, CFS is shifting into the knowledge phase of its initiative.

CFS chairperson Christine Ong said the foundation “will drive this phase by engaging with prospects and partners, conducting targeted research to gather data insights, and building formal alliances with multipliers”.

“The digitally-led campaign, A Greater Gift, has introduced people from different walks in life in Singapore to legacy giving,” she said.

CFS’ microsite on legacy giving has reached out to three key audiences – individuals, professional advisers and charities – receiving over 33,000 page views from 19,000 visitors since its launch and offering information on legacy giving.

Radio spots were also featured in the campaign, reaching over 1.3 million people.

Gregory Vijayendran, the president of The Law Society of Singapore, said that for the gift-giver, legacy giving has four advantages.

First, it allows the donor to give their own voice to their unique personality, values and beliefs for a cherished cause. Secondly, it creates a meaningful memorial to perpetuate the legacy of the donor, he said. Thirdly, it positively impacts subsequent generations through sustained giving. And, lastly, he said it deepens and lengthens the connection between the charity and the donor.

Ms Ong is keen to build on the momentum gained so far. She said that donors’ profiles with CFS have evolved over the last 12 years since it was set up.

“The younger generation is more interested to identify problems, or be more involved with understanding the issues and identifying the cause before they decide to set up a fund,” she said.

CFS is looking into ways to measure the social impact of the research programme.

“We hope to see how this can be done on a more standardised national level. We want donors to be more focused on the impact of their giving and, at the same time, allow charities to upscale, to make them better stewards to their donors,” said Ms Ong.

“CFS will be sharing knowledge on legacy giving, to empower and enable more individuals to plan and make legacy gifts. In addition, we will work with professional advisers by providing them with resources to help them ignite conversations with clients, and share its knowledge on legacy giving, as well as the potential of DAF, to empower and enable more individuals to plan and make legacy gifts.”

To date, CFS has cultivated over 400 professional advisers and charity representatives, through online events, seeding a network of conversation starters and multipliers for legacy giving.

Ms Ong said the aim is to send the broader message that “everyone can give”.

“Giving is not about the amount and you can start at any stage of your life. For those who can set up their own DAF, they can make a pledge – we will take pledges of S$200,000 and create funds for them,” she said.

“Regardless of one’s background and lifestyle, everyone can play a part in the shared ambition for a fairer and more sustainable Singapore.”

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

To find out more about Legacy Giving, kindly visit our Legacy Giving website or contact us here.

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Business Times: As they received, they now give

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A snapshot of a newspaper Business Times: As they received, they now give

Education is a force for good and a cause that Trina Liang-Lin and Edmund Lin are passionate about supporting.

Education has been pivotal in both their lives, paving stones to their successful careers. Ms Liang-Lin, 47, is the managing director of investment research consulting firm Templebridge Investments, and married to Mr Lin, 49, partner and founding member of Bain & Company’s Singapore office.

She is known for her passion for women’s empowerment. The past-president of the Singapore Committee for UN Women sits on the boards of several non-profits including the National Volunteer & Philanthropy Centre, the Singapore Council of Women’s Organisations and Victoria Junior College. He has devoted time and expertise to the Singapore Management University (SMU), serving on its boards.

“Both of us, we see education as the ultimate leveller. We saw it in both our lives,” says Ms Liang-Lin.

A giving shaped by education
Thinking back to her days as a St Joseph’s Convent schoolgirl, Ms Liang-Lin recalls walking through the school compound each morning, climbing the flight of stairs to the school hall and seeing a bronze plaque bearing the name of philanthropist Tan Kah Kee who had given money to build that hall.

“It made an impression on me,” she says, that someone with no obvious ties to the school and its students would decide to give. For that school still means much to her today. It was where some of her deepest friendships were forged.

That plaque led her to notice similar plaques elsewhere, such as a list of donors and their donations towards the building of what is today’s Singapore Art Museum. The three-digit figures seem insignificant now, yet, helped raise buildings of such significance. “It impressed upon me that for a sum like that you can leave such an important legacy,” says Ms Liang-Lin.

Later, she would receive a scholarship to study abroad – an opportunity that would have been out of reach without a scholarship. “It did change my life,” she says.

Education, and the generosity of others, changed Mr Lin’s life too.

His parents arrived in the United States as struggling graduate students from Taiwan and Hong Kong. But they were shown hospitality and care. Mr Lin remembers one American couple that looked out for his mother, offered their backyard as a venue for his parents’ wedding, and then hosted his family for numerous Thanksgiving dinners.

“From a young age, I always felt that my parents, my brother and I all benefitted from the kindness of others,” he says.

His parents’ education was a gateway to a comfortable life in the U.S. for their family. And eventually, Mr Lin himself was awarded scholarships that secured him a high-quality college education without any financial burden.

How much is enough?
The couple acknowledge that the volunteering they did during their college years – Ms Liang-Lin served at nursing homes while Mr Lin volunteered as a mentor at college and with San Francisco’s Chinatown YMCA – came to a halt when they first joined the workforce in demanding jobs.

Their 20s were intensely focused on work and establishing their careers. “It was really more in our early to mid-30s that we said, okay, we’re at a certain level of accomplishment and comfort. Now is a good time to have a more purposeful life,” says Mr Lin.

One question they had discussed, Ms Liang-Lin says, was: how much is enough? “I think the secret of success in a lifetime is knowing when enough is enough for you.”

“Enough” is not about an amount, nor a specific age. “It is very different from person to person, family to family, but it’s a state of mind – that you feel you are content and it is now time to give back to the society that allowed you to become who you are,” she says.

And so, they began giving their time and resources.

Six years into working life, Ms Liang-Lin helped found the Financial Women’s Association Singapore to provide women in finance with a support network. The association soon searched for charities to support, kicking off her philanthropic work in earnest. Mr Lin too, began contributing his time and expertise, starting with SMU’s Lee Kong Chian School of Business Advisory Board and subsequently joining the SMU Board of Trustees.

And as a couple, they began giving to causes they felt strongly about: education, gender equality, animal welfare and the arts.

The multiplier effect of structured giving
It was while they were looking for a meaningful way to celebrate their 20th wedding anniversary that Ms Liang-Lin and Mr Lin began to mull over taking things a step further to formalise their giving.

“We spoke with Mr Teng Ngiek Lian of the Silent Foundation, who encouraged us to start our philanthropy journey now, rather than wait. He also gave us a better sense of what was needed to set up a private foundation – staffing, resources, expertise and governance,” says Ms Liang-Lin.

They also had a serious chat with Laurence Lien, chairman of the Community Foundation of Singapore (CFS), and eventually decided to set up the Lin Foundation, a fund managed by CFS, with an initial six-figure sum.

“As busy professionals and younger philanthropists, CFS saves us the work and resources needed to set up our Lin Foundation. CFS provides us with philanthropy management and grant-making expertise, ensuring that our grants are effective and meaningful,” says Ms Liang-Lin.

Other draws were how CFS works with a broad range of charities, offers donors a structured charitable vehicle that provides relevant tax deductions on donations, and, importantly, offers the flexibility to grow their fund over time.

Mr Lin cites the Lin Foundation’s scholarship for SMU students lacking the finances to pursue a semester abroad, as one initiative that could be scaled up. “CFS helped us with the selection of candidates, disbursement, administration, etcetera. I can imagine, with the help of CFS, expanding on homegrown initiatives like this, scaling them up.”

They may have chosen to set up their foundation at a relatively young age, but Ms Liang-Lin believes they are a part of a growing trend.

“Increasingly, people are realising that they don’t have to wait till they are older and richer to give back and make an impact. The proliferation of new media platforms is reshaping attitudes and approaches to giving. There is a growing awareness of social problems, and how these can be tackled by contributing funding support, knowledge and expertise,” she says.

To Mr Lin, giving adds much to his life. “Giving creates for me a lot of meaning in my life. The pursuit of economic goals will only take you so far. The time one spends giving back to a community creates great energy. Yes, it takes time. But this is time that creates more energy and the capacity to do more.”

And, he likes being able to give together with his wife. “We both, professionally, have quite a lot going on. But this is one thing we can share, do together, and find great pride and meaning in.”

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”。

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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