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COMMUNITY IMPACT FUND

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The Straits Times: The ST Guide To… giving to charity

For those with fatter wallets and who hope to create a greater impact with their gift, they can even consider setting up a charitable fund to give to causes close to their hearts.For example, the Community Foundation of Singapore (CFS), a non-profit group, helps donors find a more structured and sustainable way of giving by providing advice and managing their charitable fund.

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The Straits Times: The new philanthropists in town

by Theresa Tan, 26 June 2016There 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.

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