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Creating social impact through philanthropy
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Creating social impact through philanthropy

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John Doe
scenery of gardens by the bay

Last year, the COVID-19 pandemic has likely changed your life on a daily basis. Though the pandemic has affected everyone, it hasn’t done so equally – the situations of the most vulnerable groups have been severely aggravated and awareness of our society’s fault lines and underserved needs have been heightened. But, if this pandemic has taught us anything, it’s the tremendous power of common people working together to achieve a unified goal.  

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Stories Of Impact

Following His Calling In Planned Giving

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John Doe
Allen Lim holding a microphone

This article first appeared on CFS’s Legacy Giving Website. To find out more about Legacy Giving, please click here.

As a trainer at the Insurance and Financial Practitioners Association of Singapore (IFPAS), I found my calling in the field of estate planning and planned giving. Giving is a good intention; planning is a wise action; and planned giving ensures you can leave a legacy and take care of your loved ones.

Do you need to wait until you are wealthy to start giving? For Allen Lim, the answer is an emphatic no, but with one distinct caveat. “It’s very important that giving takes into account your and your family’s financial security,” insists Allen, “That’s why planning is crucial, because with the right strategy, you can do both.”

Though Allen says his father’s ways never threatened his family’s security, he also saw how his actions sparked disputes with his mother. That’s why as a financial professional today, Allen advocates taking the middle way.

Having found his “calling” as a trainer in planned giving, he is enthusiastic about raising awareness on this area of practice amongst financial advisors. His days as the Head of Training and Education at the Insurance and Financial Practitioners Association of Singapore (IFPAS) include everything from curating courses on planned giving to lecturing on the latest methodologies.

“Many financial advisors today stop at estate planning. Planning giving goes one step ahead,” reveals Allen, “Through holistic financial planning, a professional can help ensure that giving does not compromise the financial security of the family, while also strategising the most effective asset to complete the giving intention with the best possible outcome.”

And with Singapore’s changing demographics – from a greater number of singles to couples without children – more wealth is being directed outside of one’s family. Allen says financial advisors need to keep up with these trends and engage in these changing conversations.

“Planned giving is an important part of the equation,” he says, “Not only does it help deepen your relationships with your clients, helping to grow the number of legacy gifts to benefit our charities could contribute to well-being in our society.”

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Stories Of Impact

#MyGivingJourney X Jenny Wah: Transforming customer experiences to reignite growth

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portrait of jenny wah

#MyGivingJourney is a series by CFS where we feature extraordinary women in Singapore and their efforts in philanthropy. In our last feature, we have one of our own – Jenny Wah, CFS’s Director of Marketing & Communications.

Jenny Wah chalked up over 20 years of marketing experience at several MNC companies. She started in Key Account/Brand Marketing in the FMCG industry with brands such as Coca-Cola & Pokka. Then she spent the bulk of her marketing career in the IT industry with Adobe and Autodesk. She led global teams and worked with diverse clients all over the map. The demands were dizzying, as were her frequent flyer miles.  

It was a career that rewarded on many fronts. Then the COVID-19 pandemic hit, leaving many businesses and employees reeling. The pandemic was called a ‘great equaliser’; however, COVID-19 also revealed glaring inequalities in societies. For her, this was a period of introspection that led to a flash of insight and courage.  Jenny recalls: “I found myself wondering, what could I do that can contribute to a more equal society?”  

So when the opportunity to join the Community Foundation of Singapore came along, she decided to take up the role of Marketing and Strategic Communication Director.   

Equality of opportunity and social mobility have long shaped Jenny’s outlook towards a purposeful life. One of three children of a mechanic and a housewife, she understands the struggles of many lower-income families.  

Growing up, Chinese New Year was a particularly poignant time. For her, it was a window into how altruism can uplift lives: each year, the Chinese clans would give out bursaries to help students in need, as well as items like school books, shoes and uniforms. Jenny was one such beneficiary. 

Education was Jenny’s springboard to a better future. Armed with a B. Business (Honours) degree from NTU and later an MBA, she embarked on a career in sales and marketing, garnering a reputation for her can-do spirit and creative solutions. She often spearheaded her firms’ corporate social responsibility efforts as well, which she found fulfilling. Four years ago, she started volunteering as a museum host at the National Museum of Singapore, feeding her passion for culture and history. 

Crossing over to a nonprofit meant new challenges. Budgets were smaller and there weren’t as many hands on deck. Jenny learnt to work around this by tapping into her network for pro bono services and negotiating goodwill with vendors. She also had to build a team from scratch.  

However, all this was made easier by the warmth and commitment of the people she worked with. “Everyone double or triple hats and works together for the collective and greater good, never losing sight of the big picture” she notes. Most importantly, she adds, “I see my work here initiating positive change and making a difference.”  

Jenny believes that technology can deliver an impactful customer journey in a consistent, personalized and scalable fashion through transformative concepts such as marketing automation, nurturing through compelling content and relationship marketing. 

“For me ‘Customer Experience’ is not marketing fluff, it’s a work ideology that needs to be at the core of everything we do professionally. I believe that both ‘People’ and the ‘Promises’ we make are at the very heart of CFS’s Brand. I am proud to work in CFS which offers the unique opportunity to be a part of something that will profoundly impact society,” she says. 

Begin your own journey of giving with CFS. Read more about the #MyGivingJourney series here. 

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. 

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Stories Of Impact

The REDAS Solidarity Project Fund: Caring for migrant workers affected by COVID-19

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Group of individuals in front of warehouse with boxes.

Among the vulnerable communities in Singapore impacted by COVID-19, it is the community of migrant workers who have toiled invisibly to help build our nation that has been very heavily affected. Infection amongst their community has been widespread, and a large number of them are confined to their dormitories, unable to leave.

It is thus very encouraging that the Singapore government and many other organisations have stepped up to give assistance and support to them in their isolation.

To help ease their plight, the Real Estate Developers Association of Singapore (REDAS) announced on 30th April the launch of the REDAS Solidarity Project Fund. Its aim is to provide aid and relief to the segments of the community most affected by COVID-19, particularly in the built environment sector where many migrant workers are employed.

So far, more than 50 REDAS members have contributed $760,000 to the Fund, which was also launched to show appreciation for Singapore’s healthcare workers.

Through collaboration with the Community Foundation of Singapore (CFS) and other partners such as the Ministry of Manpower (MOM) and Urban Redevelopment Authority (URA), REDAS was able to promptly roll out the initiative to demonstrate our community’s stand for Singapore’s migrant workers.

“Our migrant workers are the cornerstone of society and it is important to recognise their valuable contributions,’’ says Deputy CEO of CFS Joyce Teo. “CFS fully supports such efforts to ensure that they receive the best possible assistance during their time of need. ’’

To mark the start of their giving, REDAS distributed 200,000 care packs to as many workers in factory-converted dormitories through the Migrant Workers’ Centre (MWC). These care packs will include toiletries such as toothbrushes, toothpaste, a shaver and a bar of soap. In addition, 800 standing fans will also be donated to dormitories to help improve ventilation for the workers.

“Given the large number of migrant workers under quarantine in dormitories, there is great urgency for us to meet their essential needs amid the COVID-19 pandemic,” says REDAS President Mr Chia Ngiang Hong. “We hope this collective effort to spread a little kindness to the migrant workers will provide the much needed emotional support to help them ride out this difficult period.”

The May Day Gift event to distribute the care packs was graced by National Trades Union Congress (NTUC) Secretary-General Mr Ng Chee Meng, and joined by URA Chief Executive Lim Mr Eng Hwee, REDAS President Mr Chia Ngiang Hong and MWC Chairman Mr Yeo Guat Kwang.

“We are very happy to have REDAS partner with us to support our migrant workers in the factory-converted dormitories,’ says MWC Chairman Yeo Guat Kwang. “We are really very thankful to everyone for giving a helping hand to our migrant workers in this challenging time.”

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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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News

The Straits Times: The new philanthropists in town

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A man seated on a stool against a vibrant wall, exuding a lively ambiance.

by Theresa Tan, 26 June 2016

There is also a growing number of donors who have started charitable funds parked under groups like the Community Foundation of Singapore and the SymAsia Foundation. Both charities manage their donors’ funds and disburse them to each donor’s chosen causes, thus saving the donors the cost and effort of starting their own foundation. A sum of at least $200,000 is required to set up a charitable fund with the Community Foundation, and 82 funds have been formed since it was set up in 2008.

…..Also giving to a specific cause are Mr and Mrs William Bird. They pledged $1 million, through the Community Foundation of Singapore, for outings for frail seniors to attractions such as Gardens by the Bay and the zoo. Mr Bird, a Briton who is now a Singapore citizen, is 70 years old. He made his money from the logistics business. His and his wife Mary have three grown-up children.

While visiting some elderly people whom they helped, the couple realised that such seniors felt lonely and isolated, as they were unable to go out. Mr Bird says: “We were affected by the fact that the seniors had such a poor quality of life, and thought more could be done for them to enjoy the golden times of their lives.”

Each year since the Outing for the Elderly Fund was set up in 2010, about 1,600 elderly people a year have benefited. They especially love to visit supermarkets, where they are given $20 to buy whatever they want.

Mr George Phua, a 79-year-old resident of the Ling Kwang Home for Senior Citizens, was taken to a Giant supermarket last month. He was delighted to buy his favourite coffee and chocolates. He tells The Sunday Times: “It’s wonderful.”

Read more

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”。

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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