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Meet Singapore’s newer philanthropic foundations: They give millions, seeking to spark social change

Self-made businessman Lew Chee Beng, 73, is giving away a substantial part of his fortune through a foundation. Since he founded the Lew Foundation in 2015, it has donated more than $12 million to charitable causes. Mr Yeo Puay Hin, the foundation’s executive director and Mr Lew’s son-in-law, said of his father-in-law: “He came from humble beginnings, so it’s about gratitude – to give back to society and helping those who are disadvantaged.”
The Lew Foundation was the 16th-largest philanthropic foundation here, giving out $2.8 million in donations in 2019, according to a recent report on the largest foundations here. Mr Lew, who has four children, built his wealth from a range of businesses, such as Soon Huat Goldsmith and pawnshop chain Shing Heng Group. The foundation’s main focus is to help the vulnerable elderly and young people, and it does so through supporting healthcare and social services serving these two groups. For example, it is supporting about five nursing homes, fulfilling Mr Lew’s late mother’s wish of setting up a nursing home.The Lew Foundation is one of the newer foundations listed in a recent report by Soristic Impact Collective, a consultancy, that shed light on the largest philanthropic foundations here in terms of expenditure. The research found that foundations set up by some of Singapore’s richest men are among the top 10 biggest givers out of the 91 foundations here. The Lee Foundation, founded by the late rubber tycoon Lee Kong Chian in 1952, topped the list, disbursing $52 million in donations in its latest financial year.

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Heart Of Goodness: The Vocal Prowess Of Stefanie Yuen Thio

She stands out for her irreverence. Her saucy humour. Her no-holds-barred views on a gamut of issues from cryptocurrencies to shady KTV business owners. However, right now, flanked by vibrant Pop Art in her living room and two energetic dogs, Stefanie Yuen Thio is in “pensive mode”. In fact, she is downright disturbed.As part of the Singapore Together Alliance for Action (AfA) to tackle types of online harm, the corporate lawyer has just come from a discussion about the growing harassment women face. “It’s not just sexual grooming and revenge porn,” she says. “Women, more than men, face a higher incidence of gender-based abuse on the internet such as cyberstalking, trolling and violent threats, and teenage girls are even more vulnerable.

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CFS is 3rd largest philanthropic foundation in Singapore

They were immigrants who became titans of industry and philanthropists in their own right. Now the legacies endowed by and named for some of Singapore’s richest tycoons – the Lee, Lien and Shaw foundations – continue to be some of the biggest givers to charity here.All three were among Singapore’s 10 largest philanthropic foundations, according to a report released last month.

Retired doctor donates $1m to start new donor-advised fund

Dr Chua, a retired doctor, 80, gave $1 million to start the Bamboo Lotus Fund with the Community Foundation of Singapore (CFS) in July after being inspired by another retiree’s donation of $1 million to start a charitable trust that he did the same thing.Describing himself as an “ordinary” general practitioner, and not a “highly paid medical specialist”, Dr Chua said: “I hope (my example) dispels the myth that only prominent individuals or corporate organisations can make significant donations. “To me, $1 million is a significant amount that will get others to notice and start to consider how much they can give too.”

Donor-advised funds can make a meaningful impact in Asia

Such funds give donors more say in the philanthropic process, and can lead to donors being tipped off about underfunded causes. These funds also make it possible for non-millionaires to do their bit.What do Jack Dorsey, Larry Page, Elon Musk, Jack Ma and Mark Zuckerberg have in common in terms of their charitable giving?

LIFT (Learning Initiatives for Employment) Community Impact Fund – Training and increasing employability for marginalised groups

The Learning Initiatives for Employment (LIFT) Community Impact Fund (CIF) from the Community Foundation of Singapore (CFS) provides social enterprise funding to enable disadvantaged groups to obtain training in order to be more employable.The funding provided has allowed two social enterprises, the Bettr Barista Coffee Academy and Dignity Kitchen develop a more standardised training programme for their students, as well as expand the number of training places available to aid more disadvantaged groups to enter the workforce.

LIFT (Learning Initiatives for Employment) Community Impact Fund – Turning lives around, one step at a time

Nothing in life prepares a youth for a negative doctor’s report.Four years ago, in his second year of polytechnic, Jerry Tan experienced a stroke caused by a brain aneurysm that paralysed the left side of his body. He had to undergo three brain surgeries as well as physical therapy, staying in the hospital for five to six months

10th Anniversary Edition – S R Nathan Education Upliftment Fund: How recipients turned their lives around with the gift of education

2021 marks a monumental turn of a chapter for the S R Nathan Education Upliftment Fund (SRNEUF). The fund that was set up by the late former president S R Nathan enters its 10th year of fruition and continues to fulfill its purpose of providing students financial ease to allow them to flourish in their studies.To celebrate this anniversary, students Arshad Supa’at and Danish Said shared how their lives changed for the better through the gift of education.

SR Nathan Education Upliftment Fund (SRNEUF) continues to transform lives in its 10th year

Former President of Singapore, the late SR Nathan established the SR Nathan Education Upliftment Fund (SRNEUF) in 2011 to provide financial assistance to students, ensuring that they remain in school and are able to further their higher education.Managed by CFS, the fund supports programmes such as the Monthly Financial Assistance Scheme (MFAS) by ITE, which gives allowance to underprivileged students for their transportation needs and meals, reducing their financial burden/challenges so that they can focus on their studies.

The S.S. Jhunjhnuwala Charity Fund: Honoring a Father’s Legacy

For CFS donor Mr Surya Jhunjhnuwala, the late patriarch Shyam Sundar Jhunjhnuwala who founded the Hind Group, was a devoted father and man of vision, passing on to his children the values of humility, hard work and honesty. These principles were ingrained into them at a young age and have guided his family through both good and challenging times.The S.S. Jhunjhnuwala Charity Fund was set up by the Hind Group to honour him. The Fund, managed by The Community Foundation of Singapore, is proof that S.S. Jhunjhnuwala’s legacy lives on, its grants supporting welfare initiatives and underprivileged women.

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