DONOR-ADVISED FUND Archives

An Asian family enjoying quality time together, sitting on the lush green grass in a serene park setting.

The Community Foundation of Singapore to lead legacy giving initiative

The Community Foundation of Singapore (CFS) will be leading the legacy giving initiative and partnering with key stakeholders to grow the giving culture in Singapore.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. Donors have already trusted CFS with over $160 million in donations. More than one-third of these are legacy gifts, which are used to support causes across different sectors, including health, education, research, arts, social and welfare services.

Four women standing together in a room with a table, engaged in a conversation and displaying a sense of camaraderie.

Impact lives through savvy giving

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.”

Group examining flora in a garden setting.

Relaxed Fund – helping SAAC clients through horticulture

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.

An Asian woman (Catherine) gracefully seated on a vibrant red and black couch, exuding elegance and poise.

Three donor trends shaping giving in 2020 and beyond

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.

10 charities received donations from Mind the Gap 200 (MtG200) fund at the SG Cares “Celebrating our Culture of Care” closing event at Tampines Hub in August 2019.

Minding the gaps: 10 friends collaborate to take on social issues in Singapore

Widening social inequality, an ageing population, and the threat of climate change – these are the issues that frame our world today. Amidst increasing recognition of these complex issues, a group of ten donors have come together to establish Mind the Gap 200 (MtG 200), a multi-fund project, with the Community Foundation of Singapore (CFS). Thus far, S$10 million has been raised.The brainchild of Mr Tow Heng Tan, CEO of Pavilion Capital, MtG 200 is the first ever collective of donor advised funds to address social issues across multiple sectors in Singapore. MtG 200 will provide support to four areas of focus: community, education, healthcare and sustainability.

A group of individuals standing together on a stage, smiling and posing for a photograph.

Motivating trainees towards a brighter future

The new S R Nathan Book Prize & Special Assistance Scheme spurs trainees from ITE’s Traineeship Scheme to reach for a better future.In recent years, Singapore’s education system has been seeking to move beyond academic grades to a more holistic approach towards learning. Seeking to change broader mindsets towards the value of applied learning and work experience, Singapore’s Institute of Technical Education (ITE) has been steadily championing a ‘work-study’ approach through its Traineeship Scheme

A snapshot of the innovative charities index, showcasing the dafs, a new concept in the philanthropic world.

The Business Times: DAFs still quite new concept: charities index

SINGAPORE was among the top 10 most generous countries in 2018 – according to CAF World Giving Index published by Charities Aid Foundation, a British charity – with 58 per cent willing to donate money to a charitable cause.However, according to calculations by the Community Foundation of Singapore (CFS), a non-profit organisation that encourages and enables philanthropy in Singapore, just 1.1 per cent of total giving in Singapore in 2017 was to donor advised funds (DAFs), as it is still a relatively new concept.

Woman delivering a speech at a podium, inspiring the audience with her words.

A turning point for community philanthropy

In the life of any organisation, there are special moments that will be remembered as being turning points.Last month, CFS held our Philanthropy Forum 2019, where we were extremely privileged to have keynote speaker Ms Eileen Heisman share with us several crucial moments in her career that fueled the growth of National Philanthropic Trust (NPT). As its President and CEO, Eileen has been responsible for steering NPT to raising an incredible US$13 billion in charitable contributions over the last 22 years.

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

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

(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.

A diverse crowd attentively observes a conference presentation, engrossed in the speaker's discourse.

CFS Philanthropy Forum 2019: Looking to the future of community philanthropy

At the CFS Philanthropy Forum 2019 held on 18 March, over 100 guests – including donors, charities and partners – gathered to hear from leaders and experts on what lies ahead for community philanthropy.Headlining the evening was keynote speaker Eileen Heisman, President and CEO of National Philanthropic Trust (NPT), the largest independent donor advised fund (DAF) administrator in the United States. In her dynamic speech, Eileen – a founding member of CFS’s international advisory committee – shared NPT’s amazing journey to raising more than US$13 billion in charitable contributions, and encouraged all in attendance to rise to the challenge of taking local philanthropy to new heights.

DONOR-ADVISED FUND