wavy line banner

DONOR-ADVISED FUND

Previous Page
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.

A group of people smiling and posing for a photo in front of a sign that reads "Happy Human."

Visit by Moscow-based non-profit organisations

A Russian delegation comprising heads of various non-profit organisations and foundations recently visited the Community Foundation of Singapore (CFS) as part of a study trip organised by the NGOs Resource Centre of the City of Moscow.The group’s main purpose was to meet with local non-profit organisations, exchange views and experiences as well as understand the impact the non-profit sector has on Singapore’s sustainability and quality of life.

Engaging magazine article highlighting living legends, individuals whose exceptional contributions have made them iconic figures in their respective domains.

Singapore Tatler: Living Legacy

More people are starting to think about philanthropy and giving back, instead of leaving it as a post-retirement consideration. Thio Shen Yi and Stefanie Yuen Thio, and Adrian and Susan Peh tell Singapore Tatler how they are making more strategic and effective giving through their private charity funds with the Community Foundation of Singapore.
Read more.Courtesy of Singapore Tatler, October 2018

A lady giving a speech at a podium

Inspiring thoughts from our anniversary speeches

At CFS’s 10th anniversary event, it was the perfect moment to reflect on the sea of change in the philanthropy landscape over the past decade. But what lies ahead? Our three distinguished speakers – Grace Fu, Minister for Culture, Community and Youth, Catherine Loh, CEO of CFS, and Laurence Lien, Chairman of CFS – all struck home the point on philanthropy’s potential for growth in Singapore – through driving impact via new giving channels, collaboration and innovative approaches.Here are three inspiring thoughts from the evening’s speeches:

Picture of the side of a HDB

Fresh off the press

Annual report 2018In financial year 2018, CFS received a total of $9.7 million in donations. We disbursed $12.4 million worth of grants to 186 charitable organisations supporting various causes. This year’s annual report also showcases CFS’s latest donor advised funds, grantmaking highlights, collaborative giving initiatives and recent events.

People preparing to cut a cake (From left) Catherine Loh, William Bird, Minister Grace Fu, Laurence Lien.

Celebrating a decade of inspiring and enabling philanthropy in Singapore

After months of anticipation, CFS’s year-long 10th anniversary celebrations came to a high point on 5 September 2018 at a gala event held at The Arts House. Guest of honour, Minister for Culture, Community and Youth Grace Fu, and 120 guests including donors, charities and other partners, came together to commemorate this major milestone in CFS’s history.In her keynote speech, Minister Fu reflected on philanthropy’s important role in Singapore’s history and its continued relevance in building a culture of care. She thanked CFS for “its excellent work in raising funds and giving out grants, as well as in inspiring and enabling giving in Singapore” and that “as Singapore’s only community foundation, CFS plays an important role as a bridge builder between local communities and the larger charitable ecosystem.”

Show More
Scroll to Top