Opinion

Three donor trends shaping giving in 2020 and beyond

Opinion

Home Resources Opinion Three donor trends shaping giving in 2020 and beyond

Opinion

Three donor trends shaping giving in 2020 and beyond

John Doe

Widening social inequality, an ageing population, and climate change – these are the issues that frame our world, as Singapore celebrates its bicentennial year in 2019. Yet alongside these social challenges, we’re also reminded of our long history of philanthropy in tackling local community needs. Take for instance, the recent 200 Years of Philanthropy in Singapore at the Temasek Shophouse, where it was heartening to see philanthropy being celebrated as a vital thread in Singapore’s success story.

But how will local donors continue to contribute to Singapore’s future? With the number of high-net-worth individuals here expected to grow by 22% to 250,000 by 2023, philanthropy is at an inflection point. We’ve already seeing broader shifts in our donor landscape: donors are getting younger; more Singaporeans are becoming socially aware, and technology is empowering new modes of giving.

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Group of elderly sitting around a round table

Family of Wisdom – Caring for persons with dementia and their caregivers

Three young men playing soccer on a field, displaying teamwork, agility, and passion for the sport.

Changi Foundation – Helping youths to realise their dreams

At CFS, we count it as our privilege to be able to observe and nurture a new generation of donors increasingly empowered to drive social change. In this final edition of Change Matters for 2019, we highlight three donor trends we believe will continue to shape giving in 2020 and beyond:

Giving together is gaining traction

As more people recognise the complexity of social issues and the need for many helping hands, giving together is fast gaining traction. Donors are beginning to understand that collaboration enables them to create an impact larger than what they can achieve as individuals. In this edition, be the first to read about the Mind the Gap 200 fund or MtG200. This exciting ground-up initiative is the first collective of 10 donor advised funds formed by private individuals, which seeks to address social gaps in multiple sectors in Singapore.

More women are getting engaged in philanthropy

In 2009, only 14% of CFS’s donor funds were started by female donors. This percentage has risen by more than four times to 65% in 2017 and 2018. As more women become empowered to give, they will continue to give to causes close to their hearts. In this issue, we’re delighted to highlight the work of the International Women’s Forum Singapore (IWF). With CFS’s facilitation, IWF supports young women from financially-challenged backgrounds through their tertiary education through an education grant and a mentorship programme.

Donors are asking more questions for deeper understanding

Finally, donors are becoming more interested in understanding the root causes of issues to better inform their giving. They are more willing to explore opportunities to gain deeper insights from service providers, or contribute their expertise to co-create solutions. In this issue, read about our three Seniors Colabs learning journeys (Cornerstone Community Services (with Empower Ageing), Wellness Kampong and St Theresa’s Home), where participants discussed and exchanged views on how society can help our seniors age well.

Catherine Loh

CEO, Community Foundation of Singapore

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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”。

Related Topics For You: ACCESSING QUALITY EDUCATION, AGEING WELL, CHARITY STORIES, COLABS, COLLECTIVES, DONOR STORIES, DONOR-ADVISED FUND, EDUCATION, INCLUSIVITY & INTEGRATION, NEWS, OPINION, SENIORS

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News

The Business Times: EDIS manages CSR like a business

John Doe

For many, CSR (corporate social responsibility) has been an extracurricular activity, almost cosmetic in the way it sits outside the realm of real business. However, companies such as Economic Development Innovations Singapore (EDIS) are exceptions, given the way it manages its business – which is collaborative, sustained and in-depth.

EDIS is an international economic development company which undertakes the development and management of integrated industrial and urban areas.

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Bright moon illuminating serene city park.

The Funding Network (TFN)

Leveraging on its experience in Singapore, EDIS provides strategic advice to other countries. Innate to its business is the need for a long-term, strategic view, flexibility, and a nimble attitude, which it applies to CSR. Read more.

Related Topics For You: ACCESSING QUALITY EDUCATION, AGEING WELL, CHARITY STORIES, COLABS, COLLECTIVES, DONOR STORIES, DONOR-ADVISED FUND, EDUCATION, INCLUSIVITY & INTEGRATION, NEWS, OPINION, SENIORS

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Events

Impact lives through savvy giving

John Doe

Make savvy giving a legacy in your life: that was the clarion call to around 100 donors, charities and partners at the Community Foundation of Singapore’s (CFS) Lunar New Year lunch held in February.

“Being savvy in giving is about going beyond the usual traditions of supporting general fundraising campaigns, to deliberately taking charge of generosity,” shared Christine Ong, Chairman of CFS in her opening speech, “It’s about planning and thinking deeply about how to create a powerful effective result, to improve things and impact lives.”

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Wheelchair-bound individuals enjoying a day at the zoo

Outing for Seniors Community Impact Fund – Bringing seniors out to improve their well-being

A woman tenderly assisting another women lying in a bed, providing care and support to ensure their well-being.

Migrants Emergency Assistance and Support (MEANS) Community Impact Fund – Helping migrant worker in need

Signaling a new phase for CFS in her first year as Chairman, Christine outlined CFS’s ambition to nurture “a nation of savvy givers” to create a more caring Singapore.

“The signature of a savvy giver or philanthropist, is to be bold and informed, curious and committed, and enthusiastic about putting into practice their beliefs and hopes for a better world,” she explained.

To this end, Christine highlighted that CFS would work on championing new giving by reaching out to donors and making giving easy and meaningful. Moving forward, CFS would also continue to drive collaboration for change, provide professional learning opportunities to the local sector and develop CFS’s organisational culture and capacity.

The lunch also saw the announcement by CFS for a new nationwide Legacy Giving Initiative – an ambitious project to help donors making savvy giving a legacy in their lives.

CFS wants to make legacy gifts a social norm in Singapore, and for donors to consider giving at every stage of their life journey.

The three-year initiative will be launched in the latter half of 2020. It aims to reach out to three audiences: donors, professional advisors and charities by promoting awareness, building and sharing knowledge and supporting action.

As Singapore’s only community foundation, CFS is fortunate to build on over 11 years of experience, to bring donors, charities and other stakeholders together.

Rounding off the lunch, CEO Catherine Loh thanked CFS’s donors, Board, partners and charity partners for their support as CFS turned a new page in its history. “We will be embarking on new initiatives and pursuing innovations as we build towards the future. Our Legacy Giving Initiative will further strengthen CFS’s position as the go-to philanthropy resource in Singapore, benefitting donors and charities alike,” she shared.

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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: ACCESSING QUALITY EDUCATION, AGEING WELL, CHARITY STORIES, COLABS, COLLECTIVES, DONOR STORIES, DONOR-ADVISED FUND, EDUCATION, INCLUSIVITY & INTEGRATION, NEWS, OPINION, SENIORS

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Opinion

Making collaboration a reality

John Doe

Collaboration for social change has been a hot topic of late. Collaboration’s appeal is apparent in a world beset by complex and evolving social issues — alone we can only do so much, but work together, and look at the change we can achieve.

In the same vein, Colabs, a philanthropic initiative by the Community Foundation of Singapore (CFS) and National Volunteer and Philanthropy Centre (NVPC), drives collaboration by bringing together the public, private and social sectors to tackle complex social issues. In particular, Colabs aims to empower givers to discover the roles they can play alongside existing efforts by government and non-profits.

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A group of musicians passionately performing on stage, captivating the audience with their melodious tunes.

Celebrating the journey home through music

Colabs currently focuses on three groups: disadvantaged children and youth, persons with disabilities and seniors.

Our first group kicked off by taking a look at the issues facing disadvantaged young people. We were thrilled that a total of 115 individuals and 62 organisations came to share and learn. We discussed existing support for disadvantaged young persons, our present-day challenges, while opening up future opportunities to work together.

If collaboration is to move from a mere aspiration to a reality, we encourage everyone to seriously consider these factors.

Fostering trust
It is often said change moves at the speed of trust. Collaboration requires recognition of each others’ strengths, and a shift away from a competitive mindset. Establishing a clear and common agenda and openly communicating in a safe environment are essential elements in any collaborative effort.

Trust is the key to understanding each other, exchanging ideas and expertise and talking about challenges. On this foundation, we can build a body of knowledge and a culture of transparency for effective collaboration and outcomes we want to achieve.

A shared journey of equals
In the face of complex issues, it’s easy to think the solution lies with someone else. When we enter a collaboration, we need to believe change begins with us. If trust is the glue that keeps collaborative efforts together, then shared ownership and responsibility is the compass that guides our intentions.

To act in the best interests of people affected by social issues, we have to embark on a journey of equals, recognising every party brings unique assets and voices to the table. When the going gets tough — and it will — all parties in the collaboration must be committed to dedicating the resources necessary to deliver change.

Innovation is not new
Change often requires innovation, which isn’t necessarily about inventing something new, but about looking for better ways to do things. Collaboration offers us a diversity of knowledge and expertise to generate new insights and explore improved or more sustainable solutions.

At CFS, we count it a privilege to be able to facilitate the meeting of like-minded people who want to live and give meaningfully. The successes of enabling hope, realising aspirations and rebuilding lives with dignity in our communities are a result of many collaborations and partnerships between our donors and charities.

We are grateful to all our partners for adding to the richness of this journey through your presence, perspective, and perseverance in building a stronger community. The journey has just begun; the best is yet to be.

Joyce Teo
Deputy CEO
Community Foundation of Singapore

Related Topics For You: ACCESSING QUALITY EDUCATION, AGEING WELL, CHARITY STORIES, COLABS, COLLECTIVES, DONOR STORIES, DONOR-ADVISED FUND, EDUCATION, INCLUSIVITY & INTEGRATION, NEWS, OPINION, SENIORS

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News

The Community Foundation of Singapore launches new Sayang Sayang Fund

The Community Foundation of Singapore (CFS) has established Sayang Sayang Fund to provide support for frontline healthcare workers as well as vulnerable communities impacted by the novel coronavirus (COVID-19) outbreak.

“Many people have approached us asking how they can help. They want to recognise and show appreciation to the healthcare staff who work tirelessly during this period of the novel coronavirus outbreak. As the only community foundation in Singapore, we are best placed to connect donors and community partners, and come together to support the needs of the communities,” said Catherine Loh, CEO of CFS.

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The target amount to be raised for the Sayang Sayang Fund is $500,000. $250,000 will be given in the form of $5 transport vouchers, as a gesture of appreciation, for healthcare frontline staff in public healthcare institutions such as hospitals and polyclinics to ease their commute to and from work. CFS has secured $84,000 in donations to-date. ComfortDelGro, the first transport provider to support the Fund, has pledged an initial batch of 1,000 taxi vouchers.

“We read with some distress that healthcare staff in uniforms have been ostracised, not just by the public but by the cabbies. Whilst we have yet to receive any complaints about such incidents, we want to reinforce the message that we appreciate all that the medical profession has been doing. Our gesture is small compared to what they have been contributing on a daily basis,” said Tammy Tan, Group Chief Corporate Communications Officer, ComfortDelGro Corporation Limited.

The remaining $250,000 will be disbursed across community partners supporting vulnerable communities such as seniors and families who are impacted by the heightened precautionary measures. CFS has received requests for funding to cover additional manpower costs for home visits for needy seniors and alternative food distribution channels to low income families.

Given the evolving nature of the situation, the Fund will adapt to the changing needs. CFS will work closely with community partners to address gaps ensuring that those in disadvantaged situations will still be able to get the aid they need.

The name Sayang Sayang is chosen because it is a local colloquial term that most people are familiar with. It is in line with the idea of showing love and appreciation to healthcare professionals who work hard to care for us, as well as to other communities who may be impacted by the COVID-19 situation.