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The Peak Singapore: How responsible businesses can make their philanthropic dollars travel further
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The Peak Singapore: How responsible businesses can make their philanthropic dollars travel further

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While more companies are heeding the call to give back to the community, selecting a worthy cause and monitoring the use of donations may be a complex task. That’s where the Community Foundation of Singapore (CFS) comes in. It helps corporations develop a long-term philanthropy strategy, find suitable charity partners, and track the outcome of donations.

“We help donors go beyond what they can do on their own, and identify charity partners who can provide accountability,” says Catherine Loh, CEO of CFS.

One way of creating greater impact is to look at fresh ways of addressing community needs, suggests Loh. Take UBS’ Diversity in Abilities arts education programme, which aims to develop the talents of children and youth with special needs. After attending the programme, participants are able to concentrate better and have an overall improvement in the pace of learning. Such potentially beneficial initiatives can be made possible only by corporations that have a higher appetite for risk and are willing to support them, says Loh.

In terms of managing charitable dollars, both donor and recipient must agree on how the money will be used, the duration of the funding and the kind/depth of reporting required, Loh says. More importantly, she adds, companies should adopt the mindset of a partner and view philanthropy as a “learning journey”.

“Just like any business project, things can go wrong. Sometimes, it could be a misreading of community needs, or there could be physical or manpower constraints faced by the charity. We hope to take corporates on a philanthropic journey, to help them gain insight into what it takes to make a meaningful change.” Read more.

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Beyond cultural philanthropy: The art of making a difference

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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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Stories Of Impact

The Business Times: A S$10m fund with a difference to address Singapore’s social issues

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A professional man confidently stands on a railing, showcasing elegance and poise in his suit.

It seeks to foster tie-ups among stakeholders for long-term initiatives, rather than one-off donations

By Claudia Tan

Lunch affairs with Singapore Exchange (SGX) head of global sales and origination and executive vice-president, Chew Sutat, does not come cheap. But it is not because he prefers fine dining or a lavish meal, but rather, he is always looking out for opportunities to raise funds.

Mr Chew is known for chairing the SGX charity initiative Bull Charge since 2011. He is also chairman of Caregivers Alliance and the Kaki Bukit Grassroots organisation, among other key positions he holds.

“That’s why people joke that lunch with me is very expensive because invariably, there is always some cause that someone resonates with and I happen to be able to be a channel to help them give back,” said Mr Chew.

His inclination to contribute to society can be attributed to his days as a boy scout in Anglo Chinese School (ACS).

“As a kid, my first interaction with social causes was raising money as a scout,” said Mr Chew. He also chaired the Interact Club, which provides opportunities for students to serve the community, in secondary school.

While he was actively involved in social and community-based activities in his early days, he admitted to taking a backseat upon enrolling in university and entering the corporate world.

It was only when former SGX chief executive officer Hsieh Fu Hua came into the scene that Mr Chew reignited his passion for philanthropy. Mr Hsieh was responsible for initiating the Bull Charge back in 2004 and had always championed for charitable causes.

“Fu Hua was an inspiration and after he left SGX, I had the opportunity to chair the internal SGX corporate social responsiblity activities. He is also one of my key mentors that got me more involved in charity and community work later in my corporate life,” said Mr Chew.

His involvement in charity and community work made him realise that there exists what he coined as a “market failure” in fundraising efforts.

“There are a lot of young folks who may have an interest in doing good and want to set up charities for causes they are passionate about but money from many foundation owners may not necessarily find the way to these people who want to do good.”

“And many of them with the best intentions don’t necessarily have the experience, network or professional ability to set things up,” he said.

That was why when the new initiative Mind the Gap 200 (MtG200) was brought to his attention, he seized the opportunity to be a part of it.

Kickstarted by chief executive officer of Pavilion Capital Tow Heng Tan, MtG200 is a S$10 million fund set up by 11 donors, in their own private capacities, with the Community Foundation of Singapore (CFS) to address social issues in Singapore. MtG200 targets needs in four main areas – community, education, healthcare, and sustainability.

Mr Chew, who is the youngest member in MtG200, said that it was humbling for him to be able to fill the gaps of the “market failure”.

“The fund can create confidence for new initiatives to kick off and be a platform for others who would like to give back and bring about catalytic change,” said Mr Chew.

What sets this fund apart is that it aims to foster collaboration among stakeholders for long-term initiatives, rather than one-off donations.

“The MtG200 family of funds can leverage on each other in terms of their individual expertise to create something that is much bigger than what they can do on their own,” said Joyce Teo, deputy chief executive officer of CFS.

This is contrary to current charity efforts that involve a lot of event-based fundraising.

“Current initiatives create a very transactional relationship between the giver and the charities,” she said.

A fund like MtG200 will build a longer-term relationship with the charity partners, creating sustainability in terms of funds going into the charity sector.

Last week, MtG200 had already made a commitment of S$500,000 to Assisi Hospice to look into building capabilities in manpower and innovations to deliver palliative care.

But Mr Chew acknowledged that sparking change in the society extends beyond fundraising, and manpower is needed on the ground.

He recounted how he often gets mocked by his wife, who is a volunteer at an after-school care for those who come from economically disadvantaged backgrounds.

“She said she is doing the real work while I sit on charity boards and do the boring stuff,” said Mr Chew.

The challenges faced in the charity scene are plenty but the needs are even more, he said

“Bottom line is that there is a role for every individual. You may not be able to write that big cheque but a small cheque can go a long way. You may not be able to go into the sector fulltime but you may volunteer in other ways.”

On rumours that his active involvement in grassroots work may position him for a career in politics, Mr Chew replied, “My present plate of professional responsibilities, community and volunteering work is already more than full – supported by a very patient wife. Read more

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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 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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Lien Ber Luen on legacy giving and the Lien Shih Sheng Foundation

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

Lien Shih Sheng, a decorated public servant, an editor and author of famous literary works such as ‘Letters from the Coast’ and ‘For the New Youth’, was a firm believer in education as a social leveler, as well as an advocate of arts and social causes. To continue his distinguished legacy, his grandson Lien Ber Luen set up the Lien Shih Sheng Foundation with CFS to provide assistance to financially disadvantaged students in the form of scholarships and bursaries.

Hear what Mr Lien has to say about legacy giving in his radio interview with 96.3FM:

Source: 96.3FM

Speaking after the association’s annual general meeting at Kallang Netball Centre on Friday, Liang-Lin, a fund manager for a US$7 billion (S$9.5 billion) firm focused on green real estate investments in Asia, hopes to bring her expertise to the table and increase the amount of financial support for Singapore netball during her four-year term.

The 53-year-old took over from Deputy Speaker of Parliament Jessica Tan, who has been the association’s president since 2012. Tan had reached the end of her tenure, which saw the national team make several breakthroughs, including a gold medal at the 2015 SEA Games in Singapore.

Liang-Lin holds various appointments such as being Singapore’s representative to the G20 for Women appointed by the Ministry of Finance. She is also a board member of the Community Foundation of Singapore, which promotes philanthropy through facilitating the establishment of charitable funds.

She said: “One of the things that is overlooked when we look at philanthropy and fundraising is that sport is not really part of the things that people will automatically think about.

“Less than one per cent of the funds that we raise in the Community Foundation goes to sport. The values that sport brings need to be amplified more, so that corporates… see the need to support sport. I think that link needs to be stronger so that we get not just more corporate sponsors, but also they can come in for longer periods of time.”

While national agency Sport Singapore provides funding to netball, corporates can also do their part, she added.

She said: “If we play our cards correctly, we can get corporates to come in and hopefully support them, to see the wider purpose of sport and bring the nation together.”

She also hopes the association can be proactive in looking for financial support, adding: “We must work more strategically with governing bodies on educating corporates on the importance of really supporting sport.”

The former netball player also made references to the recent Women’s World Cup for football, noting the “ability for a game that focuses on women in the sport to bring global attention”.

She said: “I want that kind of trajectory of the limelight going to women’s sport. I think that is a trend that will continue, and I hope that netball will be part of that trend.”

Meanwhile, Tan was satisfied that she has achieved the three objectives she had set out to do when she came on board – to improve quality of play, build a fan base and create an ecosystem which involves coaches and players.

The 57-year-old added: “As much as I do feel sad about having to step down, but at the same time, leadership renewal is very important.

“I think Trina will help to galvanise the team together, and bring a lot of new perspectives and quality to the association.”

Join us in making an impact on Singapore sports scene! Reach out to us for more information.

Source: The Straits Times © SPH Media Limited. Permission required for reproduction

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The competition was organised by City Harvest Community Services Association and received support from FUN! Fund, a Community Impact Fund jointly established by the Community Foundation of Singapore and the Agency for Integrated Care, with the aim of addressing social isolation among the elderly.

Senior Minister of State, Ministry of Communications and Information & Ministry of National Development Mr Tan Kiat How attended the event. He encouraged the elderly to stay physically and mentally well, as well as urging them to participate in community activities and enjoy their golden years together.

Learn more about FUN! Fund at https://www.cf.org.sg/fun-fund/.

 

The programme provides the children with a non-threatening platform to connect with peers and have positive conversations. In addition, it exposes them to different people who can assist to broaden their perspectives.

L.S., a volunteer with the Reading Odyssey programme @ Spooner Road

中心“常胜将军”胡锦盛:比赛限时反应要快

现年92岁的胡锦盛是最年长的参赛者。自2017年退休后,他几乎每天都到活跃乐龄中心报到,从此爱上了玩拉密,每次可玩上三个小时,在中心是“常胜将军”。

Picture of admin bluecube
admin bluecube

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

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