A foundation named after Singapore-born coal tycoon Low Tuck Kwong is the top private giver in a list of Singapore’s 10 biggest philanthropic organisations in terms of donations given.The Low Tuck Kwong Foundation, set up in December 2022, gave $127.6 million in 2023 to educational and healthcare causes.
A tech investor was shocked to find out that his majie, or nanny, left him her life savings of close to $100,000 when she died.To honour her, the 41-year-old, who wanted to be known only as Mr Lim, used the money to set up a charitable fund in her name with the Community Foundation of Singapore (CFS) in 2023.
The Community Foundation of Singapore (CFS) has been awarded the Charity Transparency Award (CTA) 2024, marking its fourth consecutive win of this prestigious honour. Presented by the Charity Council, the CTA recognises organisations that uphold high standards of transparency as outlined in the Charity Transparency Framework (CTF).
We are proud to announce that CFS has been awarded the Cyber Essentials Mark, a cybersecurity certification by the Cyber Security Agency of Singapore. This recognition highlights our commitment to operational excellence and data security, essential for protecting donor information and other sensitive data.The Cyber Essentials Mark acknowledges organisations with robust cyber hygiene practices, safeguarding systems against cyber-attacks. Other notable recipients of the Cyber Essentials Mark are SISTIC Singapore, M1 and Capella Hotel.
Established in 2020 as an emergency response fund during the covid-19 pandemic, the Sayang Sayang Fund (SSF) raised $9,700,000 in three years, supporting over 276 organisations and touching over 401,000 lives.According to the Sayang Sayang Fund report published on CFS’s website, the fund disbursed $6,542,000 (67% of donations) in 2020, $2,060,000 (21% of donations) in between 2021-2022, and $1,11,900 (12% of donations) in 2023.
LinkedIn posts by the late Mr Adrian Tan have recently been compiled and published as a book, titled “If I were King of Singapore”.All proceeds from the book will go to the Adrian Tan Memorial Fund, which is set up by Mrs Adrian Tan and managed by the Community Foundation of Singapore (CFS).
Over two years, the number of Donor-Advised Funds (DAFs) managed by the Community Foundation of Singapore (CFS) has increased from 162 to 235, and total donations received since inception has risen from $192 million to $311 million. As of 31 December 2023, CFS has disbursed over $169 million in grants, a big jump from the $114 million disbursed as of 31 March 2021.Speaking to Zaobao, CEO Ms Catherine Loh, shared that one reason for the significant increase in donations was due to a few large donations exceeding $10 million over the past three years. She also highlighted the introduction of Legacy Giving by CFS, and the organisation’s efforts to work more closely with financial and legal advisors to promote philanthropy. Notably, about 15% of CFS’s DAFs are memorial in nature, including the recently established Adrian Tan Memorial Fund in 2023.
The Community Foundation of Singapore (CFS) has once again proven its firm commitment to transparency and governance by clinching the prestigious Charity Transparency Award 2023. This marks the third consecutive year that CFS has been honoured with this accolade.The Charity Transparency Award, an initiative of the Charity Council, recognises organisations that have embraced and implemented exemplary transparency and governance practices. More than just recognition, it serves as a beacon for other charities to emulate and uphold similar best practices.
Donating to a worthy cause seems easy. Many people simply give to a charity that asks, give where they gave before or talk with friends. By being more strategic with your money, though, you can make sure your donation has more impact, regardless of whether it is small or large.Strategic Giving
CFS has been awarded the COVID-19 Resilience Certificate, which recognises the contributions of organisations that played a vital role in addressing the challenges posed by COVID-19. Our CEO, Catherine Loh, received the award at the Ministry of Culture, Community and Youth (MCCY) Family National Day COVID-19 Investiture on October 10, 2023.How We Pooled Resources for Singapore
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