April 2020

Financial management by Catherine Loh

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

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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

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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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Equipping the marginalised to create a future for themselves

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Photo credit: Bettr GroupWhen Zaza’s only daughter was diagnosed with schizoaffective disorder, Zaza felt lost and powerless to decide the fate of her child. Coupled with the ongoing process of a divorce, her situation grew more desperate, plunging her into depression and hopelessness. She had a diploma in pre-school education, and had to reject offers to further her studies due to her circumstances. It was desperation that kept the single mother going; it was all she could do to keep her head above water and not succumb to the overwhelming pressure.

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

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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

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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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