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All about legacy giving

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LEGACY giving is not the prerogative of the ultra-wealthy alone. That is the mindset the Community Foundation of Singapore (CFS) wants to inculcate with its latest movement – the Legacy Giving Initiative (LGI) – which was launched by a campaign called A Greater Gift last November.According to a Social Pulse survey, while the majority of respondents (83 per cent) flagged awareness on what legacy giving is, only 33 per cent considered legacy as a means of giving, and just 3 per cent indicated they would take action.

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Over $9 million raised for CFS’s Sayang Sayang Fund benefitting over 130,000 beneficiaries

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The Community Foundation of Singapore (CFS) launched the Sayang Sayang Fund (SSF) in Feb 2020 as an emergency response fund, aimed to benefit Singapore’s underserved communities impacted by COVID-19.As a result of the keen generosity from Singapore’s general public, over $9 million had been raised, enabling the SSF to expand its scope to support nine initiatives to ensure that the most vulnerable in Singapore’s communities did not fall through the cracks. This was made possible through CFS’s highly proficient understanding of grantmaking and close collaboration with our valued community partners. This was swiftly translated into impact supporting 298 grantee organisations and 136,000 beneficiaries.

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社区基金会让善款发挥更大爱

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随着出生率不断下降和人口老龄化,慈善事业下来可更专注在老人方面。新加坡社区基金会(The Community Foundation of Singapore,简称CFS)总裁罗佩仪告诉《联合早报》,政府虽然负责照顾老人的基本需求,但公众可协助提升老人的生活素质,维护他们尊严,让他们在暮年,可以过得更有意义和活跃。

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The Community Foundation of Singapore spreads greater love through effective use of charitable gifts

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Catherine Loh, the CEO of the Community Foundation of Singapore (CFS), recently spoke to Lianhe Zaobao to share more about the work the organisation is doing. CFS has over 13 years of expertise in philanthropy advisory, fund administration and grantmaking and has been recognised for its commitment to transparency and governance. Hence donors can be confident that their grants will help meet the evolving needs of the community – now and into the future.As shared by Ms Catherine Loh, the CEO of CFS: “With falling birth rates and a rising elderly population, philanthropy can focus more on the elderly in the coming years. While the government take cares of the basic needs, there is much that the general public can do to improve the quality of life of the elderly, give them dignity and allow them to have a meaningful and active third age.

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Three rising economic identities of women

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The world is far from being equal and fair for women, and the Covid-19 crisis has amplified this disparity.As the global Covid-19 vaccine roll-out promises light at the end of the tunnel, the world is still accounting for the pandemic’s disproportionate impact on women and, consequently, the sacrifices they have made during this time – whether it is at work or at home.

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2020 Annabel Pennefather Award winners Eunice and Wai Yhann: How perseverance and determination helped two young women become champion athletes

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Every year on the 8th of March, the world celebrates the efforts and achievements of all women both past and present with International Women’s Day. This year, we honour a sports icon, lawyer and woman of the year in 2004 – the late Annabel Pennefather, who was a trailblazer in every sense of the word.Annabel was a former national hockey player, former Vice-President of Singapore National Olympic Council, former President of the Singapore Hockey Federation, a pioneer of women sports administrators in Singapore and a champion of women in sports globally.

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Dipa Swaminathan on what we can each do for Singapore’s migrant workers

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Dipa Swaminathan is a force of nature. At 49, the Harvard-educated lawyer is an assistant general counsel for SingTel and the founder of ItsRainingRaincoats, an organisation created in 2015 to support migrant workers in Singapore and champion their cause. As the recipient of the President’s Award for philanthropy and volunteerism in 2017, Swaminathan knows a thing or two about advocating for a marginalised group—in particular, one that has built our nation from the ground up while bearing the harshest brunt of the fallout from COVID-19.“Migrant workers are not franchised and lack voices in the broader community,” shares Swaminathan. “The avenues available to us are not to them. They are often scared of speaking up for fear of getting their permits cancelled—which can happen within 24 hours.” The vulnerability of their situations are why migrant workers in Singapore are often forced to tolerate poor living conditions—leading to consequences like the one we have seen this year.

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Where there’s a will, there’s a way … to give a legacy

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Where there’s a will, there’s a way … to give a legacy.
(Adapted from opening remarks at a Community Foundation of Singapore-LSPBS “Legacy Giving” Webinar on 1 September 2020.)Legacy giving is one of the best kept secrets in town. For many years now, I’ve often wondered why more charities had not jumped on the bandwagon of legacy
giving. Why aren’t charities proactive in encouraging individual donors to give legacies whether via wills, CPF nominations, or even insurance policies? Examples
abound overseas. I saw firsthand one such stellar example of a pro bono law firm utilizing this modality of legacy giving during our Law Society “Lawyers Go
Global” mission trip to Sydney in 2018.

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