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

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Opinion

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

John Doe

(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.

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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

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John Doe

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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Stories Of Impact

#MyGivingJourney X Corinna Lim: From legal advocate to leading gender equality advocate

John Doe

The #MyGivingJourney is a series by CFS where stories of remarkable women in the philanthropy sector are being told. In this story, we feature Corrina Lim, Executive Director at AWARE (Association of Women for Action and Research).

Serendipity played a big part in Corinna Lim becoming Singapore’s leading advocate for gender equality. She was working as a lawyer when a colleague who was pregnant asked if she would like to take her place providing free legal advice in a community centre. It was the early 1990s and opportunities for pro bono work were very limited.

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Every month, Corinna listened to the problems of women who were dealing with family violence, unfaithful husbands, husbands who did not support the family or ex-spouses who reneged on maintenance commitments. “It gave me so much satisfaction to be able to help these women. I was dispensing fairly basic legal advice but they felt heard and were extremely grateful for my pragmatic approach,” she says.

The work was so fulfilling that she joined AWARE, the Association of Women for Action and Research, when they opened their legal clinic in 1992. Twice a month, after a long day’s work, she would offer advice, hope and empathy to women about their legal rights and options. “But rather than feeling depleted after these sessions, I always felt energised,” she says.

AWARE’s work struck a chord with Corinna because they tackled issues at the individual level as well as at the systemic level too, chipping away at barriers to gender equality. In 2010, almost 20 years after first signing on as a volunteer at AWARE, she left her corporate law career to become the first executive director of Singapore’s leading gender equality advocacy group.

As she sees it, AWARE has made an immense impact by pioneering, in 2011, sexual assault support for survivors and creating awareness of the challenges faced by survivors here. AWARE has also helped change laws which have resulted in more effective protection from harassment and more equal benefits for single parents. Its advocacy work has also contributed to the repeal of marital rape immunity and decriminalisation of attempted suicide.

AWARE also works closely with the Community Foundation of Singapore (CFS), which has long supported groups that help single mothers and marginalised women. Over the years, CFS has regularly facilitated grants from its donors to AWARE, including the recent grant call from Sayang Sayang Fund. Aside from this, CFS also collaborates with AWARE on research, most notably on a nationwide study on minimum household incomes.

Although she studied for a career in law, Corinna knew from a very young age that she wanted to give back to society. Right out of university, she started a small enterprise to make products out of recycled paper. Later, even as she plugged away at a law firm, it was pro bono work that engaged her. “I did not find meaning practising as a lawyer, representing banks and corporations in their claims against smaller companies or individuals,” she says. Instead, she found her calling in NGO work. “Doing the work has made me a more empathetic and better human being,” says Corinna.

Begin your own journey of giving with CFS. Read more stories from #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.

Related Topics For You: CHARITY STORIES, DONOR STORIES, DONOR-ADVISED FUND, EVENTS, OPINION

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Stories Of Impact

Seniors Colabs learning journey #1: Empower Ageing – mind over body for a better quality of life

John Doe

Ageing isn’t something most people think positively about. Think of old age and most people – especially seniors themselves – would naturally fixate on the negatives. Yet for young charity Empower Ageing, it’s been changing entrenched mindsets with a series of innovative programmes and solutions – including a clarion call to seniors to ‘go for your mountain’.

On a learning journey for Seniors Colabs, representatives from various sectors joined Empower Ageing at Cornerstone Senior Centre in Cheng San. During the ice-breaking session, Colabs participants were challenged by Empower Ageing’s founder Isaiah Chng to reconsider their assumptions about old age. Instead of viewing old age as a time of disempowerment and frailty, can seniors be encouraged to think differently?

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The morning kicked off with an exercise session conducted by Empower Ageing with over 40 seniors from the community. The session was intentionally crafted to build a sense of empowerment, with facilitators encouraging seniors to take active steps in maintaining their physical health. A lively sense of group camaraderie could be observed, as seniors gathered in groups to support each other in performing a series of exercises designed to enhance their strength and mobility. Designed with the concept of ‘reaxing’, the session featured exercise equipment that trains seniors to physically respond to unpredictable situations in daily life. At times, individual seniors would themselves take the intiative to teach fellow members and newcomers the exercise moves

During the discussions that followed, Colabs participants were impressed by the engagement levels of the seniors, many of whom attend the sessions five times per week. One key learning point for Colabs participants was the importance of collecting and tracking data, so that the seniors could see the tangible physical improvements from the exercise sessions. Another key learning point was the importance of how integrating positive mindsets about ageing helps seniors build confidence and motivation.

Colabs participants were also exposed to new models and concepts of empowering seniors in the community. These include integrating physical rehabilitation with the daily life and environment of the seniors, and the GYM challenge that inspires seniors to go beyond their physical limitations.

Ageing well is critically relevant to all of us – not just those who have already entered into their golden years. The Colabs learning journey empowered participants with a new concept of successful ageing, with a view of applying insights to their own organisations.

Colabs is a philanthropic initiative by the Community Foundation of Singapore and the National Volunteer and Philanthropy Centre. It drives collaboration by bringing together the public, private and social sectors to tackle complex social issues. It enables philanthropists, businesses, non-profits and sector experts to collectively build insights and co-create solutions for lasting change.

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John Doe

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

Related Topics For You: CHARITY STORIES, DONOR STORIES, DONOR-ADVISED FUND, EVENTS, OPINION

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Stories Of Impact

Celebrating women who give in different ways

John Doe

It is seldom that we honour the accomplishments of women who give their all without asking anything in return, whose humanitarianism managed to achieve great success against all odds.

International Women’s Day is one such day of reflection and remembrance of the efforts of women all around the world, both past and present. It looks back on the struggles of women from the past like Rosa Parks, the ‘first lady of civil rights’, who strove for an equal and fairer society to empower the women of the future.

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Yet, it is not only about women who are notable and have achieved great fame. It is also about the unsung, ordinary women in our society who give back in their own humble ways. The Community Foundation of Singapore (CFS) works alongside many of these women who contribute in their own capacities and in different societal roles.

A CEO who cares

CEO of Home Nursing Foundation Dr Christina Tiong finds a great love for philanthropy through leading Home Nursing Foundation, the largest and most established home healthcare service provider in Singapore, which CFS donors have supported since 2011.

She first started her journey in philanthropy during a clinical attachment as a medical student. It left an indelible impression on her when she saw home care nurses faithfully visiting and patiently caring for severely debilitated, bedbound patients living in dismal home environments, while also providing practical help, comfort and relief to their family members.

Helping out in medical missions at a rural clinic and drug rehabilitation centre in northern Thailand, as well as urban mobile clinics in Philippines strengthened her resolve to give back in whatever way she could.

During these missions, Dr Tiong was impressed by how determination and ingenuity could stretch limited resources to accomplish much more than back home in Singapore. For instance, the efficient use of donated drugs and the setting up of a makeshift diagnostic lab with x-rays in a rural mountainside with little infrastructural support.

After graduating and practising in various specialties, Dr Tiong was thankful to be awarded a scholarship from the Ministry of Health Holdings to study Public Health in Harvard. This gave her additional skillsets to lead and run healthcare organisations.

“This opened up many exciting opportunities for me to apply my clinical and administrative experience and build the community care sector, which was relatively neglected but now rapidly growing to meet the health needs of the ageing population sustainably,” Dr Tiong explains.

Her hope is to build a purpose-led and joyful work culture at Home Nursing Foundation. She would like for each person in the Foundation to be encouraged to give of their best, to empower patients and their families through home care services to live with dignity and joy at home.

A social worker with a heart of gold

Sim Chunhui found her calling to give back in her own ways as social worker in 2012, when she joined Habitat for Humanity Singapore. The housing charity, which helps families and homeowners with limited means to increase their access to improved living conditions, has received much support from CFS donors.

Prior to becoming a social worker, Chunhui had 10 years of working experience in the meetings and conventions sector. It was in her late 20s when she started exploring her faith seriously, and having just completed a part time degree, was at the crossroads of her career. After much praying and soul-searching, Chunhui decided that having been blessed in many aspects of her life, it was her turn to pay the blessings forward to others.

Now, Chunhui finds great fulfilment in transforming the living conditions of elderly and vulnerable homeowners through Project HomeWorks, a programme that she has been working on for the past seven years. Through the programme, Chunhui organises pest-elimination, painting and cleaning sessions with professionals and volunteers for vulnerable individuals and families who depend on government financial assistance.

“I also have a really soft spot for the elderly, and it’s been so enjoyable working with the homeowners on Project HomeWorks as most of them are seniors!” Chunhui says.

Giving a voice to autism

A firm believer in working towards solving social issues in Singapore, Rosa Quitadamo strives to give back in her own way to society as a volunteer. Although she identifies as an Italian citizen, Rosa considers herself a citizen of the world, having lived in China, Hong Kong and eventually moving to Singapore 17 years ago. People with disabilities is an issue particularly close to Rosa’s heart.

An avid people watcher, Rosa would often stroll to the bus stop near her home, which is adjacent to Saint Andrews Autism Centre (SAAC). Saint Andrews Autism Centre supports persons with autism and their families through education, training and care. CFS’s support for them includes a recently introduced Edible Community Garden, funded by Relaxed Fund’s founder George Jacobs and administered by CFS.

It was at that bus stop that Rosa saw clients from the centre walking with their coaches and decided that she would make a difference to them. Rosa suggested to SAAC that the clients who worked on the Edible Community Garden sell the produce that they grew to the residents of Villa Marina.

This project would eventually seed the breakthrough for the students of SAAC to go beyond overcoming their fear of dirt and working in a garden, to being instilled with pride and responsibility for the beneficial work that they did.

“You see few people with disabilities around in Singapore, and as a result locals are not very accepting of their tics,” Rosa observes. By making it her mission to help the students of SAAC sell their own produce, it raised the awareness of autism in the community in a very personal way.

An energetic person who gets things done, Rosa has no qualms about rolling up her sleeves and getting involved in volunteering work. She encourages everyone to try their hand at volunteering, as it is meaningful work which makes a visible impact. “Get involved in work that’s close to your heart and do something you think that’s best suited for you. There’s always a role for everyone,” Rosa recommends.

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John Doe

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

Related Topics For You: CHARITY STORIES, DONOR STORIES, DONOR-ADVISED FUND, EVENTS, OPINION

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News

CFS Annual Report 2017

John Doe

The CFS Annual Report 2017 has just been published. This year’s Annual Report sums up CFS’s effective work with donors and charity partners for the year as we continue to impact diverse communities. Download your copy here.