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Financial management by Catherine Loh

CEO Catherine Loh goes on MONEY FM 89.3 to speak about the Sayang Sayang Fund with Michelle Martin

Michelle: Let’s start with CFS and the work that it does. How does it support charities and why did the Community Foundation of Singapore (CFS) start the Sayang Sayang Fund?Catherine: The Community Foundation of Singapore is also a charity. We were founded in 2008, and our main objective is to inspire philanthropy in Singapore. We do that by helping donors achieve a greater impact with their giving in communities through charitable funds. Donors can establish their own funds or if they wish, they could support one of the Community Impact Funds that we’ve started up.

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Sayang Sayang Fund: new initiatives

The Community Foundation of Singapore today gave an update on the fund raising efforts for the Sayang Sayang Fund (SSF) and announced new initiatives that the Fund will support. One of these initiatives is an extension of the previously announced SeniorsOK@Home programme – CapitaLand #LoveOurSeniors – in collaboration with the Agency for Integrated Care (AIC). CapitaLand Hope Foundation will be donating $700,000 towards this new programme. This will be on top of the $3 million goal CFS has set earlier.Todate, SSF has received $1.1 million in donations and pledges of about $1 million. The Fund is still a distance away from the goal it set for end April. As the COVID-19 pandemic escalates, there are new needs emerging from the community and the funds raised will allow the Sayang Sayang Fund to address emerging needs quickly.

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Around 7,000 school children in need of support for meals

A four-week ‘circuit breaker’ is the latest challenge to hit Singapore, as a pre-emptive strategy to curb the spread of COVID-19. As students transition to over three weeks of learning at home, about 7,000 children will miss access to food they would normally get in school, compounding difficulties in continuing their education at home.As mentioned in Parliament by Deputy Prime Minister and Minister for Finance, Mr Heng Swee Keat on 7 April 2020, CFS today bolstered efforts to generate support for the Sayang Sayang Fund (SSF). Donations to this fund will complement the work of local public health, non-profit and government entities with emergency support.

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Let us continue to sayang our community

We have been overwhelmed by the generous show of support for our community-driven Sayang Sayang Fund; from private individual and corporate donors who donated to the fund directly or set up their own fund-raising pages, we have far surpassed our initial target.We have given out transportation vouchers to hospitals and polyclinics and are now looking to support vulnerable communities especially impacted by COVID-19’s precautionary measures.

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A call to continue rallying together

Thank you to everyone who have generously supported the community-driven Sayang Sayang Fund. We have far surpassed our initial target of $500,000! This was made possible with help from many private individual and corporate donors who donated to the fund directly or set up their own fund-raising pages.Transport vouchers have already gone out to healthcare professionals in hospitals and polyclinics. We will soon be supporting other community healthcare staff and charities serving those who have been impacted by precautionary measures due to COVID-19, such as vulnerable seniors and low-income families.

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The Community Foundation of Singapore to lead legacy giving initiative

The Community Foundation of Singapore (CFS) will be leading the legacy giving initiative and partnering with key stakeholders to grow the giving culture in Singapore.As Singapore’s only community foundation, CFS is fortunate to build on over 11 years of experience, to bring donors, charities and other stakeholders together. Donors have already trusted CFS with over $160 million in donations. More than one-third of these are legacy gifts, which are used to support causes across different sectors, including health, education, research, arts, social and welfare services.

The Community Foundation of Singapore launches new Sayang Sayang Fund

The Community Foundation of Singapore (CFS) has established Sayang Sayang Fund to provide support for frontline healthcare workers as well as vulnerable communities impacted by the novel coronavirus (COVID-19) outbreak.“Many people have approached us asking how they can help. They want to recognise and show appreciation to the healthcare staff who work tirelessly during this period of the novel coronavirus outbreak. As the only community foundation in Singapore, we are best placed to connect donors and community partners, and come together to support the needs of the communities,” said Catherine Loh, CEO of CFS.

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