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Charting your legacy
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Opinion

Charting your legacy

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CFS CEO Catherine Loh giving a speech

I think we can all agree every individual has something unique to give back and offer to society. And yet, when thinking about legacy, how often do we realise that every action we take, however large or small, is actually creating our legacy? Perhaps some of us believe legacy giving is only for wealthier individuals, or that legacy giving can only be defined in financial terms.

It’s important to realise legacy is much more than just financial in nature. Your legacy also includes your personal or business values, the values you have inculcated in your children. It encompasses the giving of your time, expertise and even your resources to empower someone in need. Think about creating a legacy as living a life of generosity, in ways that make meaningful social impact while aligning to your values.

If you’re passionate about a cause, you don’t need to wait until you’re richer, older and retired to start thinking about taking action. Today, with technology, new giving channels and opportunities for collaboration with a wider community are already available and being created each day. As a donor in this exciting era of knowledge-sharing, there are many opportunities to learn about causes you care about and how you can contribute.

For some of you, you might be moving on from ‘success’ to ‘significance’. “How will I be remembered in a hundred years’ time?” “How can I leave a better world for future generations?” As two prominent families shared at our recent CRIB x CFS Legacy and Impact event, leaving a legacy also means preparing your next generation to become responsible stewards of your family’s culture of giving. This often means setting up a framework and sharing your family’s values, so that your children are empowered to continue the good work you have begun.

If you’re wondering how you could start to plan for legacy giving, here are three key ideas to help you along your journey:

Start the conversation
Identify your interests, values and the impact you want to make, so that you can find a focus for your giving.

Consider your structure
Setting up a fund helps to structure your philanthropic activity, improve strategic decision-making and better measure outcomes.

View philanthropy as a journey of learning
Learn more about issues on the ground, what the real needs are, and what are more strategic ways to make a change.

Many of our donors at CFS began from a place where they may not have had extensive histories in giving, but they have embarked on a journey to learn how they could chart their legacy, one action at time. I hope you will discover how philanthropy can be your way of life.

Catherine Loh
CEO
Community Foundation of Singapore

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Events

CFS Celebrates 15 Years of Enabling Philanthropy

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On 14th February 2024, CFS marked its 15th Anniversary with a Chinese New Year “Lohei” (Prosperity Toss) celebration. The event was graced by Mr Alvin Tan, Minister of State for Culture, Community and Youth, and Minister of State for Trade and Industry, and gathered nearly 160 donors, charity partners, and business associates, both longstanding and new.

As a community foundation, we aspire to champion effective philanthropy with purposeful and informed givers, to uplift lives and catalyse positive change. We want to build communities that care and thrive together.

Unveiling the Sayang Sayang Fund Report was a great way to mark our 15th year, as it displayed the power of collective impact and love for our community. Established as an emergency response fund at the start of the COVID-19 pandemic to support vulnerable groups, the Sayang Sayang Fund (SSF) impacted the lives of over 401,000 beneficiaries in Singapore. In a span of three years, an impressive $9.7 million was raised, showcasing the remarkable generosity and willingness of the community to offer their support.

As a philanthropic advisor and grantmaker, CFS links donors with well-governed charities that champion the causes closest to their hearts, to offer funding for beneficiaries to thrive. Two SSF grantees, ITE and Care Corner Singapore, shared about their programmes for lower-income students and children with learning difficulties and special needs respectively. Guests were then charmed by a captivating performance by two talented scholars from The TENG Company, which is also a CFS grantee for their Music for Wellness and Comfort initiative. 12-year-old Li Zhixin took command of the stage with a melodic piece on the Ruan, while Ee Anzhi, aged 11, held the audience in awe by masterfully sustaining a long tone on the Dizi using the highly challenging technique of circular breathing.

Q&A segment with Sayang Sayang Fund Grantees from Care Corner, Mr Christian Chao (left) and ITE, Mr Aw York Bin (right)
Li Zhixin, scholar from The TENG Company performing on the Ruan
Ee Anzhi, scholar from The TENG Company, performing on the Dizi

As the luncheon drew to a close, Ms Radha Basu, Senior Director of the Centre of Applied Philanthropy (CAP) at CFS invited donors and partners to participate in The Collective for a Stronger Society. Convened by CFS in partnership with MFS and Community Chest, the Collective will bring together donors, non-profits, public and private organisations to offer a coordinated series of cross-sector programmes and initiatives to uplift, enable and empower lower-income families. Find out more here.

We extend our gratitude to everyone who contributed to making this event a successful and memorable one. Here’s to many more years of impactful giving!

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News

Lianhe Zaobao: More companies and individuals seeking professionals to manage their charitable funds

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新加坡社区基金会成立10年来,设立或管理的慈善基金从2008年的两 个增至今年2月的110个,而基金会筹获的善款也已达1亿元,发放的 款项达6000万元,惠及的慈善团体多达400个。

Song Huichun

随着国人对有效行善的意识提高,更多企业和个人善款捐赠者过 去10年来选择与专人合作,协助他们管理和发放善款给希望帮助的机 构或项目。

数据显示,捐赠者透过新加坡社区基金会(Community Foundation of Singapore)设立或管理的慈善基金从2008年的两个 增至2013年3月的47个,到了今年2月已增至110个,10年来增幅超过50 倍。

协助企业或个人捐赠者以可持续、妥善和具透明度的方式管理与 设立行善基金的新加坡社区基金会迈入第10年,多年来,基金会把捐 赠者与他们关注的相关慈善团体妥善配对,制定有效行善策略,让更 多有需要者受惠。

基金会总裁罗佩仪(50岁)接受《联合早报》访问并透露上述数 据时说,基金会成立之初希望做的是通过了解捐赠者关注的课题及行 善动力,协助发展出一套适合捐赠者的有效行善策略。

新加坡社区基金会在本地超过2000个慈善机构中找出适合捐赠 者资助的项目……找出不同群体的需求及捐赠者可提供协助的机会, 让捐赠者可更有效地施予援助,发挥更大影响力。”

罗佩仪说,在为捐赠者与慈善项目或机构进行配对时,捐赠者的 理念、兴趣、愿意承担风险的限度、拨款数额等都会影响基金会所做 的推荐。而基金会发挥的影响力,也随着更多国人了解以有效方式行 善何其重要后,逐年增加。

深入了解慈善机构运作 及善款影响力

基金会提供给本报的数据显示,截至2013年3月,基金会共筹到 5000万元善款,发放的款项约1200万元,惠及130个慈善伙伴。

而到了今年2月,基金会筹获的善款已达1亿元,发放的款项达 6000万元,惠及的慈善团体多达400个。

为了确保善款获得妥善运用,基金会也会深入了解慈善机构的运 作、领导班子、受惠人如何获益、财务状况、个别项目如何进行、有 多少资源、有没有执行能力等。基金会也会为捐赠者跟进汇报善款发 挥的影响力,以及使用后的结果等。

罗佩仪说:“企业一般上会觉得这样的模式很管用,因为他们必 须向股东汇报善款用途。”

她也说,基金会未来会继续透过讲座和活动接触更多群体,让各 方更了解基金会提供的服务。

运输业者发挥“专长” 让派发食物更有效

交通运输企业行善不忘发挥专业,出钱出力出车,协助非盈利组织有效地派发更多食物给有需要的人。

交通运输业者金钟集团(Goldbell Group)自2015年起成立金钟基金会,探讨如何在经营生意的同时尽社会企业责任,选择帮助真正需要帮助的人。

金钟财务服务私人有限公司执行董事蔡满榜(38岁)积极带领金钟集团履行企业社会责任,他受访时说,在和新加坡社区基金会合作行善之前,金钟集团一般都以零星方式回馈社会,有机会就帮忙,没有一个制式的行善结构。

在金钟基金会成立隔年,因刚好有一名新加坡社区基金会成员认识蔡满榜的父亲,从此,金钟集团就透过新加坡社区基金会从旁牵线和指引,确认行善计划和目的,帮助本身关注的群体。

金钟基金会和新加坡社区基金会展开合作初期,计划每年拨出30万元行善,而慈善团体“爱心食品”(Food From The Heart)是金钟基金会资助的团体之一。

蔡满榜说:“与该团体数次接触后,发现我个人的行善理念与他们的管理营运理念不谋而合,尤其是他们去找合作伙伴捐赠食品给他们要帮助的人,而不是花钱购买食品。”

在透过新加坡社区基金会促成更有效的合作之前,金钟集团已免费租借两辆有冷冻设备的卡车给“爱心食品”,方便他们载送易腐食品。

现在,金钟集团允诺资助“爱心食品”三年,支持该组织卡车队的营运和载送食品给有需要者所需的营运费用等。

如此一来,“爱心食品”就能更好地进行预算和营运规划,确保在金钟集团资助期间,有需者可持续获得食品援助。

除了“爱心食品”,金钟集团也资助过不少个别项目,包括绿色生活、援助有需要青年等。

Link to stories: Here and here.

Translation:

More companies and individuals seeking professionals to manage their charitable funds

In the 10 years since the Community Foundation of Singapore was established, the number of charitable funds set up or managed has increased from two in 2008 to 110 in February this year. The donations raised by the foundation have also reached $100 million, with $60 million distributed, benefiting up to 400 charities.
Song Huichun

As awareness of effective charitable giving increases, more corporate and individual donors have spent the past 10 years choosing to collaborate with dedicated professionals to help them manage and distribute charitable funds to the institutions or projects they wish to help.

According to statistics, charitable funds created or managed by donors through the Community Foundation of Singapore increased from two in 2008 to 47 in March 2013 and further increased to 110 in February this year. In 10 years, it has gone up more than 50 folds.

The Community Foundation of Singapore, which assists corporate or individual donors to manage and establish charitable funds in a sustainable, appropriate and transparent manner, is reaching its 10th year. Over the years, the Foundation has properly matched donors with the charities they care about, formulating effective strategies for good practices to benefit more people in need.

When CFS CEO Catherine Loh, 50, accepted the Zaobao interview, she disclosed the data above and added that the Foundation’s initial hope was to help develop a set of donor-friendly products by understanding donors’ concerns and the motivation to do good.

The Community Foundation of Singapore has identified programmes that are suitable for support from more than 2,000 charitable organisations in the country by identifying the needs of different groups to provide opportunities for assistance so that donors can more effectively provide assistance and make greater impact.

Ms Loh said that when pairing donors with charitable projects or institutions, the donor’s ideas, interests, willingness to take risks, the amount of funding, etc. all influence the Foundation’s recommendations. The influence of the Foundation is also gradually increasing as more people understand how important it is to be effective.

Learning more about charity operations and the impact of charitable funds

According to the data provided by the Foundation, as of March 2013, it had raised a total of $50 million in donations, with $12 million grants given out, benefiting 130 charitable partners.

In February this year, the donations raised by the Foundation reached $100 million, with grants amounting to $60 million, benefiting up to 400 charities.

In order to ensure the proper use of donations, the Foundation has an in-depth understanding of charity operations, leadership, impact on beneficiaries, financial status, how individual projects are run, how much resources they have, and whether they have executive capabilities. The Foundation also follow up with donors to report on the impact of charitable donations, as well as the outcomes.

Ms Loh said: “Companies generally feel that this model is very useful, because they must report to shareholders on the use of funds.”

She also said that in the future, the Foundation will continue to reach out to more groups through lectures and events so that all parties can better understand the services provided by the Foundation.

Transport operators use their expertise to make food delivery more effective

Transportation companies have not forgotten their professional role –  using their expertise and money to help non-profit organisations to effectively distribute food to those in need.

Transportation company Goldbell Group established the Goldbell Foundation in 2015 to explore how to conduct social responsibility while running their business and helping those in need.

Alex Chua, 38, Executive Director of Goldbell Financial Services Pte Ltd, actively led the Goldbell Group in fulfilling its corporate social responsibilities. During the interview, he said that prior to collaborating with the Community Foundation of Singapore, the Goldbell Group generally gave back to society in sporadic ways. If there’s an opportunity, they help, there was no structure for doing good.

In the year after the Goldbell Foundation was established, a member of the Community Foundation of Singapore who knew his father William Chua reached out to them. Since then, through guidance provided by the Community Foundation of Singapore, they have a philanthropic plan and goals, helping causes of their choice.

In the early stages of the collaboration between Goldbell Foundation and the Community Foundation of Singapore, it plans to set aside $300,000 a year to support charities, and charity Food from the Heart is one of the groups funded by the Goldbell Foundation.

Mr Chua said: “After several interactions with the organisation, I discovered that my concept of personal goodwill is in line with their management concept. In particular, they approach partners to donate food to the people they want to help, rather than spend money to buy food.”

Prior to promoting more effective collaboration through the Community Foundation of Singapore, the Goldbell Group has already rented two trucks with freezer equipment to Food from the Heart to facilitate the delivery of perishable foods.

Now Goldbell Group has promised to fund Food from the Heart for three years to support the operation of the truck fleet as well as the operating expenses required to transport food to beneficiaries.

As a result, Food from the Heart is able to better budget and plan its operations to ensure that those in need can continue to receive food assistance during the period the Goldbell Group is funding.

In addition to supporting Food from the Heart, Goldbell Group has also funded a number of individual projects, including environment projects, and providing help to young people.

Photo: Lianhe Zaobao

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News

CFS wins two awards at the Charity Transparency and Governance Awards 2019

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CFS posing with their awards at the Charity Transparency and Governance Awards 2019

CFS wins two awards at the Charity Transparency and Governance Awards 2019: The Charity Governance Award – Special Commendation for Governance and Management – and the Charity Transparency Award

CFS is honoured to have won the Charity Governance Award – Special Commendation for Governance and Management – as well as the Charity Transparency Award. Conferred by the Charity Council, we were privileged to be amongst a select line-up of outstanding charities that were recognised for exemplary disclosure and transparency practices at the Charity Governance Awards dinner on 3 December 2019.

About the Charity Transparency and Governance Awards 2019

 A total of 67 charities, including CFS, were conferred the Charity Transparency and Governance Awards for their overall excellent transparency and governance practices.

In addition, CFS was among the seven charities that won the Charity Governance Award

The Charity Transparency Award was first launched in 2016, to recognise charities with good disclosure practices that the Charity Transparency Framework recommends.

Inaugurated in 2012, the Charity Governance Award recognises charities  that have adopted the highest standards of governance, in line with the Code of Governance for Charities and IPCs. 

Exemplary governance and management practices

CFS is governed by a board of eminent professionals, selected via a rigorous process, who serve pro bono. They work closely with CFS’s management to steer the organisation in realising our strategic vision.  Our Board has set up several committees, with recognised experts as members, to ensure the organisation is run optimally with transparency, aligned with our mission and purpose. Since our inception, CFS has continuously invested significant resources to exceed expectations in governance, compliance and management. Part of the training process for board and staff is to highlight the importance of acting according to the highest standards. 

Sharing our lessons

Over the past years, our Board and staff have worked hard to ensure that we maintain these high standards across the organisation and in daily work. CFS’s steady growth in the last decade is testament to the trust donors and partners have placed on us, as well as the dedication of our staff.

CFS is honoured to attain this accolade and will be happy to share our experience other charities going forward. We found it especially useful to work closely with our auditors, who have provided valuable guidance and support. Charities can also draw on the helpful resources provided by the Commissioner of Charities and the Charity Council in Singapore, which we highly recommend. 

Looking ahead 

We are thankful to our partners and donors who trust our professional expertise to meet their giving goals. We are so grateful to our Board of Directors and committee members for their dedicated oversight and support.

“Ours is a business built on trust.  Good governance is integral to our success and that of our stakeholders. We will not rest on our laurels but continue to improve and innovate to ensure continued confidence in CFS,” said Catherine Loh, CEO, CFS.

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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

Visit by Moscow-based non-profit organisations

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A group of people smiling and posing for a photo in front of a sign that reads "Happy Human."

A Russian delegation comprising heads of various non-profit organisations and foundations recently visited the Community Foundation of Singapore (CFS) as part of a study trip organised by the NGOs Resource Centre of the City of Moscow.

The group’s main purpose was to meet with local non-profit organisations, exchange views and experiences as well as understand the impact the non-profit sector has on Singapore’s sustainability and quality of life.

The group represented various Moscow-based non-profit organisations providing support to disabled, sick or disadvantaged children, war veterans, environmental issues as well as promoting volunteerism and inclusive education and training with the help of new technologies.

During the lively two-hour session, we shared about our work with donors and charitable organisations, governance and marketing outreach. The participants and CFS team exchanged views on government support, tax benefits, fundraising and sustaining donor support – all of which are crucial to ensuring the long term survival of non-profit organisations around the world. The group was particularly interested in learning about how endowment funds generate sustainability for charities. They were also impressed by our recent ‘Portraits of generosity‘ campaign and how the role of marketing was important to achieving awareness and growth.

All in, it was an engaging and enriching experience with both sides gaining a better understanding of the common challenges non-profit organisations face. We hope to take up on the group’s invitation to make an exchange trip to Moscow one day

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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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