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FutureChina Global Forum: CFS CEO Advocates for the Integration of Philanthropy into Wealth Management Strategies
What is the civic responsibility of wealthy individuals and corporations?
What are the ways they can include philanthropy in their wealth management strategies to create a lasting impact on society?
These thought-provoking questions were discussed in a dynamic panel session titled “Strategic Philanthropy – Enabling Wealth for Lasting Impact” at the FutureChina Global Forum 2023, which was attended by over 800 business leaders. The panel comprised CFS CEO Ms Catherine Loh, Mr Feng Lun, Founder of the Vantone Group and Chairman of the Yufeng Group; Mr Laurence Lien, Chairman and Acting CEO of Asia Philanthropy Circle; and Mr Lionel Li Xiaobo, Founder and Chairman of the Li Foundation, and was moderated by Mr Zhou Zhaocheng, Chairman of Super Hi International Holding Ltd.
Catherine highlighted that even in an affluent society, certain needs and gaps would require philanthropic support. Besides supporting basic needs, philanthropists can also provide catalytic capital for innovative programmes, anticipating the problems of the future and solving them, for example, the Lien Foundation funds research to delay ageing and reduce the number of years people spend living in ill health.
She emphasised there are many ways civil society can work with the government and charitable organisations to solve complex social issues together. Other than financial donations, philanthropists can also contribute their expertise, corporate resources, and mentorship to create solutions.
She highlighted that as part of the recently announced government-led initiative Forward SG, CFS will lead a collaborative effort aimed at strengthening Singapore’s social compact. Under the collective, diverse stakeholders will come together, pooling their expertise and resources to tackle issues such as social mobility, employment disruptions caused by technological changes, the implications of an ageing society, and other pertinent issues.
Are you passionate about supporting causes you care about? Let us help you understand the needs and recommend relevant programs. Find out more at https://www.cf.org.sg/giving/ways-to-give/.
The FutureChina Global Forum is Asia’s most prestigious bilingual international forum, attended by more than 800 distinguished business leaders, public figures, experts, and thought leaders from Singapore, China, and neighbouring areas. The 14th edition, themed “Pathway to Clarity – Charting the Future”, brought together 37 leading experts to dissect developmental trends driving China’s economy on 27th October.
- Related Topics For You: ACCESSING QUALITY EDUCATION, AGEING WELL, CHARITY STORIES, CHILDREN, COLLECTIVES, DONOR STORIES, EDUCATION, EVENTS, FAMILIES, HEALTH, IMPROVING EMPLOYABILITY, PARTNERSHIP STORIES, PERSONS WITH DISABILITIES, SENIORS, YOUTH
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