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The Straits Times – Fund marks 20 years of marriage for couple
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The Straits Times – Fund marks 20 years of marriage for couple

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Ms Trina Liang-Lin on a couch posing for a photo

About six months before Ms Trina Liang-Lin’s 20th wedding anniversary on June 2016, she mulled over how to make the occasion meaningful.

“My husband and I did not want just another party,” said Ms Liang-Lin, 47, managing director of investment research consulting firm Templebridge Investments.

She is married to Mr Ed Lin, 49, partner and director of the Singapore office of Bain & Company, a global management consultancy.

The couple have no children.

“We wanted to do something meaningful that can last beyond a party,” she added.

Her friend Laurence Lien, chairman of the Community Foundation of Singapore (CFS), suggested she organise regular donations to charity under a common fund, which the foundation could help to run. “We liked the idea. It saves us the work and resources needed to set up a private foundation,” she said.

In early 2016, the Lin Foundation was set up under the umbrella of the CFS with a six-figure sum, she said.

The fund has given money to the Singapore Committee for UN Women, a non-profit organisation that promotes women’s empowerment and gender equality, of which Ms Liang-Lin is the president.

The committee supports the work of UN Women, the United Nations body that promotes gender equality and fights discrimination against women. The fund has also given money to the Singapore Management University, the Singapore Repertory Theatre and the Society for the Prevention of Cruelty to Animals.

These were causes that she picked when the fund was set up.

On more younger, wealthy people like her setting up charity funds, Ms Liang-Lin said: “Increasingly, people are realising that they don’t have to wait till they are older or richer to give back and make an impact.”
Read more.

Photo: The Straits Times

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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

The case for philanthropy in the arts

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a person giving a presentation to a group of people

At the second edition of Art World Forum 2017: Creating Markets: Opportunities, Challenges and the Mainstream held on 27 September, the Community Foundation of Singapore (CFS) was invited to present the significance of philanthropy for the arts to an audience of art, thought and business leaders from the sector.

Moderated by Anne-Marie Clavelli, Head of Development and Strategy at CFS, along with Kola Luu, Director of Partnership Development from the National Gallery Singapore, the panel session on Art x Philanthropy: An Opportunity touched on two key questions: What is the value of the arts in a dynamic society like Singapore? Can philanthropy play a more strategic role in increasing a city’s cultural capital?

Both Anne-Marie and Kola backed up the discussion with statistics showing that while giving to the arts has been on the rise, it has also yet to mature to its full potential. Arts and Heritage only accounted for 7.1% of philanthropic donations in 2016, as compared to Social and Welfare (32.2%) and Education (25%)*.

“Why is it important for the private sector to become more involved in funding the arts?” asked Anne-Marie, “What we’ve seen across our work in CFS is that philanthropic efforts do not “substitute” government funding for causes, but address the gaps within an eco-system that the government might not be able to tackle.”

“The private sector can deliver a much-needed boost through sustained giving to the arts sector. This is particularly important as it takes time to cultivate and nurture the next generation of artists and audiences.”

Kola also noted foundations such as the Li Ka Shing Foundation and Temasek Foundation have recently added ‘building social capital’ as a key philanthropic goal. He added that art institutions could work towards demonstrating that their cause goes beyond mere art appreciation, and the arts contributes to future proofing the economy by nurturing a new generation of thoughtful, critical thinkers.

Charlotte Koh from the National Arts Council posed a question to the panellists regarding the need for strategies to sustain giving to the arts, in the face of yearly fluctuations in donations. While Kola highlighted that philanthropy to the arts should be viewed as a long-term endeavour which naturally has its ups and downs, Anne-Marie sounded an optimistic note, “Ultimately, giving to the arts is about the value of creativity in society. Singapore is a creative society, and donors will want to reflect that in how they spend their charitable dollars.” 

News coverage on the event by Luxuo can be read here.

* Source: Commissioner of Charities Annual Report 2016
Photo: Art World Forum

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Stories Of Impact

Motivating trainees towards a brighter future

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A group of individuals standing together on a stage, smiling and posing for a photograph.

The new S R Nathan Book Prize & Special Assistance Scheme spurs trainees from ITE’s Traineeship Scheme to reach for a better future.

In recent years, Singapore’s education system has been seeking to move beyond academic grades to a more holistic approach towards learning. Seeking to change broader mindsets towards the value of applied learning and work experience, Singapore’s Institute of Technical Education (ITE) has been steadily championing a ‘work-study’ approach through its Traineeship Scheme.

For a group of fresh secondary-school leavers, the scheme offers a much-needed alternative pathway. The course equips students with relevant industry skills – leading to both a nationally-recognised certification and career progression – while also allowing them to earn a monthly salary as they learn.

In September 2019, the S R Nathan Education Upliftment Fund (SRNEUF) launched the S R Nathan Book Prize & Special Assistance Scheme, which supports financially-needy students from the ITE Traineeship Scheme.

Managed by the Community Foundation of Singapore (CFS), the SRNEUF has been supporting full-time ITE students in need since 2012. With CFS’s facilitation, the S R Nathan Book Prize & Special Assistance Scheme was established this year in response to ITE’s appeal to extend support to trainees, many of whom come from families in challenging financial circumstances.

Similar to full-time ITE student profile, majority of students in the Traineeship Scheme are from lower-income households . While salaries for trainees start from $1000 before CPF deductions, trainees generally do not receive their income until their second month at work.

“We want to help this group of trainees because they are a group helping themselves by heading straight to the workforce after secondary school,” says Mr Aw York Bin, Deputy CEO (Industry). Joining the workforce is an uphill task for these young students, as they have to adapt to work-life while juggling academic commitments. “The S R Nathan Book Prize is an encouragement for them to persevere and complete the course,” he adds.

Additionally, the S R Nathan Special Assistance Scheme will help students from the lowest income tier with food and transportation for the first month before they receive their first salary. Lee Geok Teng, a student in Nitec in Business Services, remarks, “The traineeship has been a good way for me to be financially independent and enables me to pay my own phone bills and insurance.”

Ruthra Vaitheshwari D/O Thiagarajen, who is currently pursuing a Higher Nitec in Service Management, recalls the physical strain of managing work and her studies in her first three months. She says, “This award encouraged me further. The moment I received the prize from Mrs S R Nathan, I felt I should work harder.”

Muhammad Fadzrin Adzri B Adnan, a trainee who has worked at the Sheraton Towers Singapore Hotel, says the traineeship has helped him build an edge for his future career. “Receiving this book prize is very unexpected and a motivation for all the trainees who have worked hard in this course,” he says.

Remarking on ITE’s long-term partnership with CFS, Mr Aw commented, “CFS has opened many doors for us over the years to reach out to potential donors and to raise awareness of the needs of vulnerable students. Their advice has been invaluable, as well as their capacity to facilitate conversations around the evolving needs of our students.”

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Lorem ipsum dolor sit amet consectetur adipiscing elit dolor

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

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

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

 

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

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

中心“常胜将军”胡锦盛:比赛限时反应要快

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

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

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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News

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”。

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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