We are proud to announce that the Community Foundation of Singapore (CFS) Annual Report 2022 has been published.Download your copy here to learn more about the year’s highlights and our impact on the community.
Singapore has a long history of family philanthropy. The first family foundations were established after World War II and they donated generously to alleviate poverty, care for the vulnerable and build schools and hospitals. Today, there are over 400 foundations and trusts registered with the Commissioner of Charities but families that institutionalized big-ticket giving early on – such as the Lee Foundation and the Lien Foundation – continue to dominate philanthropic giving in Singapore.Family offices are entities which typically manage assets for or on behalf of a family. And Singapore – well-regulated, transparent and politically stable – is rapidly becoming the region’s preferred choice for family offices. In 2020 alone, approximately 200 single family offices were set up here, doubling the total count. As wealth grows, charitable giving is likely to keep climbing.
To support green causes and efforts to further climate action, Mr David Heng, chief executive of a private equity fund, set up the Mind the Gap 200 – Sustainable Earth fund in 2019.It is part of a project Mr Heng, who is in his 50s, undertook with nine friends and the Community Foundation of Singapore.
Good Samaritans have stepped forward to help a cancer patient, who hopes to spend more quality time with her 15-year-old daughter while keeping the disease at bay.The drug that Ms Koh Ee Miang, 45, needs to control the spread of her cancer is expensive, and her insurance company has refused to pay for it – leaving her with an outstanding bill of more than $33,000 for treatment carried out between November and January.
While abilities and talents are distributed equally across the population, access to educational resources is often not. Children from low-income families are the ones who pay the price. Without the right educational opportunities, they underperform in school and end up with lower-paying jobs. Studies show that students from low-income families are more than four times as likely to be low performers than their affluent peers. (OECD, 2016) Without intervention, this cycle of income inequality will persist.The growing special needs community is also in need of our urgent attention. One key area that we highlight is the need for integration with mainstream students. There needs to be greater awareness about creating better school and work opportunities for this community while preparing them to function independently as adults.
Bank of Singapore, the private banking subsidiary of OCBC Bank, has partnered with non-profit organisation Community Foundation of Singapore (CFS) to provide its clients with philanthropic services.With this partnership, CFS will work with the bank’s clients to translate their interests, values and goals into philanthropic strategies that meet giving goals of the clients and match the needs of the local community. To develop these strategic giving plans, CFS will use insights from its Charities and Grants team and consult its philanthropy advisors.
Law firm Rajah & Tann (R&T) has contributed $225,000 to The Straits Times School Pocket Money Fund (STSPMF).The donation was part of the firm’s 45th anniversary celebration on Thursday (May 5) at the Ritz-Carlton, Millenia Singapore, where it also gave $225,000 to charity Dementia Singapore.
Singapore is fast reaching superaged status. Life expectancy is going up while the birth rate is heading south. By 2030 – not many years from where we are today – one in four Singaporeans will be 65 years or older. More worryingly, a fifth of that cohort will be over 80 (Population in Brief 2021).Ageing well and quality of life are huge concerns for our elderly. The biggest challenges centre on health: physical frailty or disability, sensory impairment such as hearing loss, or chronic conditions such as dementia or diabetes. However, ageing is not just a matter of biophysical health. It is also about bolstering psychological, emotional and community support.
#MyGivingJourney is a series by CFS to celebrate inspiring women and their work in the philanthropy sector. We are proud to feature Trina Liang-Lin, Managing Director at Templebridge Investments and Board of Director at CFS. Trina had a back to nature, farm to table experience growing up. Right up to the late 80s, her father’s family-owned farms in Lim Chu Kang, raising chickens, ducks and cultivating vegetables. That gave her a front row seat to the benefits of producing our own food and using natural resources thoughtfully.
#MyGivingJourney is a series by CFS to celebrate women and their work in philanthropy. This story features Hauw Soo Hoon, Programme Director at Ulu Pandan Stars and a member of CFS’s Programmes & Grants Committee.  Hauw Soo Hoon has always loved mathematics. So when she discovered some students in her estate were struggling with the subject, getting just 15 marks out of 100, her heart plummeted. She wanted to help them and even get them to love numbers. An opportunity came through her grassroots contacts who were looking for someone to helm a programme to tutor children from rental flats and troubled families.
