Opinion
Eileen Heisman: Donor advised funds are a flexible tool that can adapt to changing giving interests
wavy line banner

Opinion

Opinion

Eileen Heisman: Donor advised funds are a flexible tool that can adapt to changing giving interests

Picture of John Doe
John Doe
A woman confidently delivering a speech at a podium, standing before a sign, conveying her message with conviction and authority.

(Excerpts from a keynote speech by Eileen Heisman, President and CEO, National Philanthropic Trust delivered at the CFS Philanthropy Forum 2019)

When I was here in Singapore a decade ago as part of the Community Foundation of Singapore’s (CFS) international advisory committee, the idea of being involved in the global launch of a community foundation was so exciting to me. Everyone here was really eager to learn. They wanted to have impact. I knew CFS was going to set its own path.

Over 22 years ago, I was sitting in a dark, private cubicle trying to figure out what to do with this brand new charity I was part of. Today, National Philanthropic Trust (NPT) – which is the largest independent donor advised fund (DAF) administrator in the United States – has raised US$13 billion in charitable contributions and currently manages US$7.4 billion in charitable assets. In recent years, we’ve started making global grants of around US$700 million to over 75 countries.

I see a lot of similarities between CFS’s journey and my time in that small cubicle. CFS has raised S$130 million and given away S$70 million. With this incredible talent, opportunity and resources you have here, I believe there’s so much more CFS can grow as a community foundation.

What compels a potential donor to act? I’ve spent a lot of time thinking about this question throughout my career working with donor advised funds. Just as every person comes to this earth with different gifts and backgrounds, donors have vastly different philanthropic goals. I’ve had the privilege of getting inside the thinking of donors and understanding what excites them about philanthropy. One of the biggest moments in my career at NPT was when a donor from New York City donated US$200 million to us. He was an early adopter and one of those people who saw opportunity.

I like to say donors don’t give to us, they give through us. Donor advised funds are flexible. They are relatively inexpensive. They can meet and adapt to changing interests. If you were interested in a cause when you were younger and that changes as you grow older, you’re not wedded to that particular cause because you can shape the fund according to your preferences. Philanthropy is also about legacy. A DAF is a tool you can spend down over your lifetime or you can pass it down to your children.

It’s one of the reasons why donor DAFs are the fastest growing philanthropic tool in the United States. The number of DAFs has doubled in the US over the last five years. In addition to Singapore, there is growing interest in DAFs in Asia, from China, India, Hong Kong to Japan. As a philanthropic tool, I believe DAFs are going to become more and more popular.

If I had to give a piece of advice to new donors: when you’re getting started with giving through DAFs, it’s important not to overcomplicate the process. Start simple. Find two or three causes you really like. Find one or two good charities in each of those categories, and support those charities over three to five years.

With any social issue, nothing gets solved within one year. In the social sector, we learn about solutions to existing problems from trying new things. Don’t be afraid to fund solutions that are new because it’s the only way we learn. It’s as important to fund failure as it is to fund success.

One of the wonderful things about being part of a community foundation is that it truly is a way to make the world a better place. Doing it with partners and the community’s collective effort makes the journey so much more enjoyable than doing it alone.

Eileen Heisman
President and CEO
National Philanthropic Trust

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.

Stories Of Impact

Relaxed Fund – helping SAAC clients through horticulture

Picture of John Doe
John Doe
Group examining flora in a garden setting.

CFS donor George Jacobs, who created the Relaxed Fund, advocates a vegan lifestyle. Promoting horticulture is his way of championing this, while at the same time helping the clients at the St Andrews Autism Centre (SAAC).

He has funded three Edible Community Gardens (ECG) through the Relaxed Fund: one at SAAC, one at Metta Welfare Association, and one at the Animal Concerns Research & Education Society (ACRES).

The ECG is a unique programme as it involves multiple parties, including the community, and meets both social and environmental needs.

CFS and George visited the ECG at SAAC late last year. The grant from the Relaxed Fund has supported eight planter boxes in two locations at SAAC. The crops grown include: tomatoes, chilli padi, mint, lemon balm, thai basil, rosemary, mosquito plant, xiao bai chai, kang kong, kai lan and brinjal.

The vegetables have been harvested on a quarterly basis while the herbs are harvested as and when there are requests for them. It was also an opportunity for the donor to meet some clients, parents and a community volunteer, and to receive affirmation from them.

“My wife and I wanted to encourage people to eat more plant-based foods, as these foods boost human health and address global warming issues,” said George. “The reason behind the ECG was to give them a sense of vested ownership. If they grow the fruits and vegetables, they may be more likely to eat them. This programme at SAAC also supports the Singaporean government’s 30 by 30 vision, which is to produce 30% of our own food (up from 10% currently) by 2030.

I am very pleased with the great results of the SAAC Community Garden and would like to credit the parents of the clients as well as the community who have all been a supportive part of this amazing effort,” said George.

SAAC currently has about 66 clients altogether. Twenty two of them are on the horticulture programme, although some of the other clients help out on occasions.

Chloe Phua, Senior Coach for Horticulture at SACC, said there have been huge improvements in the clients: “At the start of the programme, they would only do watering and simple weeding, as they used to do for other plants in the premises. Many had tantrums due to the exposure to heat and extreme aversion to dirt. However, the routine of the chores helped them to adjust to the gardening. Now, with very little prompting, the clients are familiar with various stages of the gardening process, from germination through to harvesting. They have also built up their tolerance levels, being able to go through a quarter hour of gardening before washing their hands at a break.”

She added that, overall, the gardening has helped to improve the social skills and capabilities of the clients, who are now able to do gardening together and even go out to the community to deliver their produce.

It was Rosa Quitadamo, a resident of the nearby Villa Marina Condominium, who bridged the gap between SAAC and Villa Marina. Having started her own community garden within the condominium, she had suggested that SAAC sell the produce from their garden to residents in Villa Marina.

Rosa said: ‘’By selling the vegetables they have grown, it gives the clients a sense of value in their gardening. It also raises awareness of autism within the community in a very personal way.’’

Not only that, it instils a sense of pride and responsibility in the clients who work in the ECG. Aloysius has been gardening at SAAC for 18 months, and he is proud to bring vegetables home for his aunt to cook in a soup or for his family to eat with rice.

‘’I enjoy gardening here,’’ he said, with a glowing sense of ownership of his part in the ECG. ‘’I like the watering and the soil preparation,’’ he added, before going on to describe the latter in great detail.

Even the parents of clients who work in the ECG were full of praises for the programme. Aunty Chin and Uncle Joo, parents of client Dwayne Goh, were impressed and amazed by their son’s progress.

Said Aunty Chin, “Dwayne used to be so scared of getting dirty but now, trained by the coaches and regular gardening, he can plant seeds and even do weeding.  I have seen a lot of improvement in Dwayne because of the gardening and am thankful for the support from the donor.”

“Many people with autism connect better through their senses. Gardening speaks to them as it involves many senses, like smell and sight. It has even changed my wife’s diet! She actually doesn’t really like vegetables but because Dwayne brings back what he has grown, she will eat them! I prefer to get the vegetables from here because it is fresher and they don’t use pesticides,’’ added Uncle Joo.

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.

News

A Call for Collaborative Giving: Scaling Greater Heights with Seniors

Picture of John Doe
John Doe
A call for collaborative giving: Join hands to make a difference. Together, let's create positive change through collective generosity. #CollaborativeGiving

The third Colabs publication explores how we as individuals and as a society can help our senior citizens live more happily in our community, against the backdrop of an aging population. The collective insights of 98 participants identified various issues such as the generational gap and lack of purpose. In collaborative discussions on the way forward, one key point was to involve seniors from the very beginning, to improve their ownership and adoption of the solutions. Read more here.

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

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.

Stories Of Impact

Life after winning the 2020 Goh Soon Tioe Centenary Award: Natalie Koh’s pursuit of a career in musical excellence

Picture of John Doe
John Doe
a woman playing a violin

Winning the Goh Soon Tioe Centenary Award in 2020 was a pleasant surprise for talented violinist Natalie Koh, who was not usually recognised for her solo performances and had to prepare for the Award’s audition just after last year’s circuit breaker without any formal instruction.

“I am deeply honoured to have received the Goh Soon Tioe Centenary Award in 2020. Violin playing has always been something that I am very passionate about, although my growth and achievements have not always been a given,” says Natalie. 

“A lot of conscientious and diligent work was put into moulding myself into the musician that I am currently and that I am proud to be.”

Since then, the budding musician has kept herself busy and forged determinedly ahead in her musical career. These included performing in digital concert recordings, teaching the violin at Forte Musicademy as a private violin teacher, and engaging with the special needs community through various community art activities.

Apart from keeping a hectic schedule as a performer, Natalie also spends much time imparting her love of music to the next generation of budding musicians — serving as a Teaching Assistant in her Alma Mater, the Yong Siew Toh Conservatory, and as an Assistant Director for classical music concert recordings and productions by the Singapore Symphony Orchestra, alongside other local organisations.

The promising young musician was also able to present her solo recital at the Awards, for which she was extremely excited and thankful for, as her graduation recital was put off last year due to the pandemic’s restrictions. “Overall, I would say that my recital was a success, and I hope that I fared well as a representative on behalf of the Award and the music community,” Natalie recalls with pride.

The Award’s prize money has enabled Natalie to realise her dreams of going overseas to attain a Master’s in Violin Performance, which will broaden her horizons as a performing violinist, music educator and community artist. She hopes to take the experience and knowledge gained from the two years abroad and expand her musical practice upon her return to Singapore.

Natalie recognises that living and studying in Chicago will prove to be expensive, but with the $10,000 award money, she will be able to defray some of her living costs. With the reduced financial burden, the young musician will be able to focus on learning to the fullest of her abilities in the States.

The Goh Soon Tioe Award has supported yet another promising young musician in paving her way to a brighter future towards a career in music, and adding another valuable gem to the flourishing music scene in Singapore.

“I am deeply thankful for the recognition and the support from the Goh Soon Tioe Centenary Award and the Community Foundation of Singapore. This Award has raised my profile as an emerging musician in Singapore, and I sincerely hope that I can be one to shape and grow the classical music scene in Singapore,” says Natalie.

Read and learn more about Natalie’s first steps into music and how she grew to become the talented musician that she is here.

If you would like to contribute towards the arts or support causes that you are passionate about, please visit our website at https://www.cf.org.sg/

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.

News

联合早报: 领导基金会教师奖得主: 激发特需学生学习兴趣比成绩更重要

Picture of John Doe
John Doe
a picture of two teachers holding The Leading Foundation Teacher Award

胡洁梅 18 October 2016

特别学校教师郭正才利用乐高让学生创作动画,也利用机器人等来提高学生的学习兴趣。对他而言,学生享受学习过程并从中激发他们的好奇心,这比学生的成品更为重要。

郭正才(33岁)在特别需求者协会东陵学校(APSN Tanglin School)任教,是今年领导基金会教师奖的得主之一。

领导基金会教师奖(The Leading Foundation Teacher Award)自前年起颁发,目的是肯定学前教育工作者、特别需求教师和教育协作人员(Allied Educator)在专业领域的卓越表现。

该基金会由新加坡政府投资公司集团总裁林祥源与女儿林华敏设立,基金会目的是支持教育与领袖培养项目,特别是肯定学前和特别教育工作者的贡献。林祥源曾在不同政府部门任要职,包括公务员首长、教育部常任秘书。

今年共有四人得奖,另三人是人民行动党社区基金会(PCF)Sparkletots学前教育中心教师帕敏吉(Parvinjit Kaur)和扎希拉(Zahirah Bte Surian),以及圣加俾尔中学教育协作员贾雅然(Jeyaram s/o Kadivan)。

郭正才踏入特别教育工作五年,对他而言,获奖是种肯定,但最大的成就感莫过于看到特需学生的才华获得他人赞赏。

他分享说,今年中带领几名学生到新加坡科技设计大学举办的“制汇节”(Maker Faire)参展,由学生介绍他们的三维打印作品。参观者在反馈单中反映对学生作品的欣赏,好些公众表示并没发觉他们是来自特别学校。

他说:“看到学生能够独立,在公众面前展现自信并获得肯定,我更加确信我的(职业)选择是正确的。”

特别需求者协会东陵学校的学生主要患有轻微智力障碍,郭正才是推动科技教学的其中一名教师。他认为,学生在制作机器人(robotics)等时能应用数学和科学概念,激发他们的思考能力和好奇心,学习也更有趣。

另一名得奖教师帕敏吉(36岁)曾是骨科矫形外科助理,因为喜欢与孩童互动,六年前到PCF Sparkletots学前教育中心(兀兰第677座)教书,边工作边进修学前教育课程。她间中也曾到AWWA的特别教育学校工作一年。

她说:“每当看到孩子的笑容,或听他们和我分享故事,我就觉得很欣慰。”

颁奖仪式由国立教育学院和新加坡社会基金会联办,新加坡社会基金会是管理领导基金会的非营利机构。评审来自国立教育学院、教育部和新加坡幼儿教师协会。今年的得奖教师可获得1350元现金和奖状。

Read more.

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.

Trending Stories

Scroll to Top