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CHILDREN

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Charitable funds boost donations in a tough year for giving

SINGAPORE – More wealthy people are setting up charitable funds that give at least six-figure sums to their chosen causes.There were 143 donor-advised funds set up with the Community Foundation of Singapore (CFS), disbursing $20.2 million to charitable causes in the non-profit organisation’s financial year that ended in March.

Financial management by Catherine Loh

CEO Catherine Loh goes on MONEY FM 89.3 to speak about the Sayang Sayang Fund with Michelle Martin

Michelle: Let’s start with CFS and the work that it does. How does it support charities and why did the Community Foundation of Singapore (CFS) start the Sayang Sayang Fund?Catherine: The Community Foundation of Singapore is also a charity. We were founded in 2008, and our main objective is to inspire philanthropy in Singapore. We do that by helping donors achieve a greater impact with their giving in communities through charitable funds. Donors can establish their own funds or if they wish, they could support one of the Community Impact Funds that we’ve started up.

Children happily sitting on the floor, smiling and radiating joy.

Around 7,000 school children in need of support for meals

A four-week ‘circuit breaker’ is the latest challenge to hit Singapore, as a pre-emptive strategy to curb the spread of COVID-19. As students transition to over three weeks of learning at home, about 7,000 children will miss access to food they would normally get in school, compounding difficulties in continuing their education at home.As mentioned in Parliament by Deputy Prime Minister and Minister for Finance, Mr Heng Swee Keat on 7 April 2020, CFS today bolstered efforts to generate support for the Sayang Sayang Fund (SSF). Donations to this fund will complement the work of local public health, non-profit and government entities with emergency support.

Young learners sitting on the classroom floor, participating in educational exercises.

Let us continue to sayang our community

We have been overwhelmed by the generous show of support for our community-driven Sayang Sayang Fund; from private individual and corporate donors who donated to the fund directly or set up their own fund-raising pages, we have far surpassed our initial target.We have given out transportation vouchers to hospitals and polyclinics and are now looking to support vulnerable communities especially impacted by COVID-19’s precautionary measures.

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Celebrating women who give in different ways

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.

A woman in a scrub suit stands confidently in front of a hospital, ready to provide medical care.

A call to continue rallying together

Thank you to everyone who have generously supported the community-driven Sayang Sayang Fund. We have far surpassed our initial target of $500,000! This was made possible with help from many private individual and corporate donors who donated to the fund directly or set up their own fund-raising pages.Transport vouchers have already gone out to healthcare professionals in hospitals and polyclinics. We will soon be supporting other community healthcare staff and charities serving those who have been impacted by precautionary measures due to COVID-19, such as vulnerable seniors and low-income families.

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Partnership with the Asia Philanthropy Circle: The pitch for social inclusivity

By Genevieve Ding of APCOn 10 January 2019, the Asia Philanthropy Circle (APC) convened a Singapore roundtable on the topic of ‘Inequality’. This time, to spur dialogue to action, APC, in partnership with the Community Foundation of Singapore (CFS), selected three intervention initiatives which aim to promote social inclusivity in Singapore, and organised a pitch session to invite member partnership and funding of these projects.

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