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DONOR-ADVISED FUND

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Aleta Planet Foundation: Supporting children and elderly in the fight against COVID-19

To help bolster the combined efforts in combating the adverse effects of the COVID-19 pandemic within our community, fast growing fintech company Aleta Planet has donated $100,000 to the Mediacorp Enable Fund, a community fund administered by SG Enable.The proceeds are part of an initial larger commitment of $200,000, and will go towards supporting the elderly who have to work despite their frailties and children with disabilities, as well as those from low income families.

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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.

Elderly man lying on grass with sign.

Pragmatic reasons to engage In philanthropy

Educator George Jacobs became involved in philanthropy because he wanted to put his money where his mouth is. As someone who feels strongly about contributing to greater food security in Singapore, the passionate advocate for a vegan lifestyle established the Relaxed Fund to promote horticulture in the little red dot.“My wife and I wanted to encourage people to eat more plant-based foods, as these foods boost human health and address global warming issues. One way to convince people to change their diets is to immerse them in growing greens themselves, so they feel a sense of ownership. Thus, they want the greens to find a good home — in their stomachs,” he says.

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

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