Leaving a legacy of giving
Leaving a legacy of givingFour prominent personalities in the community tells us why they desire to make a long-term impact on society by giving back in their own ways.
LEGACY GIVING
Dipa Swaminathan on what we can each do for Singapore’s migrant workers
Dipa Swaminathan is a force of nature. At 49, the Harvard-educated lawyer is an assistant general counsel for SingTel and the founder of ItsRainingRaincoats, an organisation created in 2015 to support migrant workers in Singapore and champion their cause. As the recipient of the President’s Award for philanthropy and volunteerism in 2017, Swaminathan knows a thing or two about advocating for a marginalised group—in particular, one that has built our nation from the ground up while bearing the harshest brunt of the fallout from COVID-19.“Migrant workers are not franchised and lack voices in the broader community,” shares Swaminathan. “The avenues available to us are not to them. They are often scared of speaking up for fear of getting their permits cancelled—which can happen within 24 hours.” The vulnerability of their situations are why migrant workers in Singapore are often forced to tolerate poor living conditions—leading to consequences like the one we have seen this year.
Money Mind – Leaving A Legacy
How can you leave your mark on the world and make an impact on the lives of others?LISTEN: Catherine Loh, CEO, Community Foundation of Singapore (CFS); lawyer and CFS ambassador, Nadia Ahmad Samdin
Where there’s a will, there’s a way … to give a legacy
Where there’s a will, there’s a way … to give a legacy.
(Adapted from opening remarks at a Community Foundation of Singapore-LSPBS “Legacy Giving” Webinar on 1 September 2020.)Legacy giving is one of the best kept secrets in town. For many years now, I’ve often wondered why more charities had not jumped on the bandwagon of legacy
giving. Why aren’t charities proactive in encouraging individual donors to give legacies whether via wills, CPF nominations, or even insurance policies? Examples
abound overseas. I saw firsthand one such stellar example of a pro bono law firm utilizing this modality of legacy giving during our Law Society “Lawyers Go
Global” mission trip to Sydney in 2018.
The Community Foundation of Singapore: Philanthropy, legacy giving; doing good and how to get involved
Through legacy giving, making a profound lasting change to people’s lives might be easier than you thinkDr Lim Boon Tiong had a long and distinguished career as a doctor, and it shaped his interest in helping the elderly and those suffering from urological conditions. So devoted was he to his causes that he set aside S$24m along with a list of charities he wanted to help. And when Dr Lim passed on, his daughters Sylvia and Ivy Lim had to execute his will.
Lien Ber Luen on legacy giving and the Lien Shih Sheng Foundation
Lien Shih Sheng, a decorated public servant, an editor and author of famous literary works such as ‘Letters from the Coast’ and ‘For the New Youth’, was a firm believer in education as a social leveler, as well as an advocate of arts and social causes. To continue his distinguished legacy, his grandson Lien Ber Luen set up the Lien Shih Sheng Foundation with CFS to provide assistance to financially disadvantaged students in the form of scholarships and bursaries.Hear what Mr Lien has to say about legacy giving in his radio interview with 96.3FM:
A Call for Collaborative Giving: Scaling Greater Heights with Seniors
The third Colabs publication explores how we as individuals and as a society can help our senior citizens live more happily in our community, against the backdrop of an aging population. The collective insights of 98 participants identified various issues such as the generational gap and lack of purpose. In collaborative discussions on the way forward, one key point was to involve seniors from the very beginning, to improve their ownership and adoption of the solutions. Read more here.
National Legacy Giving initiative to inspire philanthropic culture in Singapore
Private philanthropy has an important role to play in providing much needed support for the community. The Community Foundation of Singapore (CFS) kicks off this initiative today with “A Greater Gift” campaign, to boost awareness and drive conversations for legacy giving and its value to the community.According to a Social Pulse Survey 1, there is a disconnect between awareness and action when it comes to legacy giving. While the majority of respondents (83%) flagged awareness on what legacy giving is, only 33 per cent is considering legacy as a means of giving, but only 3 per cent would take action.
S’pore couple plan to leave money to charity after their death in new campaign to promote legacy giving
SINGAPORE – It was their son’s degenerative eye disease that set ophthalmologist Dr Audrey Looi and her neurosurgeon husband Dr Ang Beng Ti on the path of philanthropy.The couple were devastated around a decade ago to find out that James, now 19, suffers from Stargardt’s which causes progressive vision loss, when he was in primary school.
Start a donor-advised fund: plan your giving flexibly and sustainably
CEO Catherine Loh goes on Money FM 89.3 to speak about the donor-advised funds.Elliott Danker: Funds such as DAFs are especially needed during the current COVID-19 pandemic because that’s where you have more people in need. Many charities have shared that donations have been falling.
