Opinion

A Year of Steady Progress:

Against a backdrop of slower economic growth in 2022, donations remained high and our rolling three-year average continued on an upward trend. Our community of dedicated philanthropists continued to grow. Through strategic partnerships with corporations such as Accenture, Endowus, and other institutions, we harnessed a wealth of expertise to amplify our impact.

The past year marked a significant milestone, with 47 new donors establishing 27 Donor-Advised Funds (DAFs). Their generous contributions allowed us to allocate $16.8 million in grants to 212 organisations spanning diverse causes, demonstrating the incredible power of collective giving.

In collaboration with the Agency of Integrated Care (AIC), we launched the FUN! Fund, a community impact fund focused on improving the well-being and happiness of our seniors through innovative programmes designed to infuse fun into their lives.

Making a Greater Impact:

In 2022, CFS took significant strides towards ensuring outcome-driven grantmaking. Our grant framework now places a strong emphasis on measurable change, ensuring greater impact for both our donors and charity partners.

Throughout the year, CFS’ Centre for Applied Philanthropy (CAP) played a pivotal role in fostering collaboration across public, private, and community sectors to address complex social challenges. This collaborative approach will gain even more momentum in 2023.

With sustainability advocacy being one of our key focal areas, we strengthened our ESG framework. This involved aligning our programmes with the United Nations’ Social Development Goals, a move that underscores our commitment to making a lasting positive impact.

The potential of philanthropy lies in its capacity to bring about enduring, positive change. As we look back on the year and observe the significant impact made possible by the support of our donors, we find inspiration to continue our efforts. Our grants have helped to improve the lives of many, including refugees seeking to rebuild their lives, youths in need of mental resilience, disadvantaged students receiving evidence-based after-school tutoring, dementia patients receiving specialised care, marginalised job seekers receiving coaching and training, and nurturing the next generation of climate champions.

Connect with Us: 

CFS is deeply committed to advancing strategic philanthropy, and positioning Singapore as Asia’s philanthropy hub. To achieve this, we actively serve as an Enabler, Steward, Convener, and Advocate.

We are eager to connect and collaborate with donors, charities, partners, and sector leaders to build a more compassionate, caring, and inclusive Singapore. To learn more about CFS or join us on our mission, we welcome you to get in touch.

For an in-depth exploration of the year’s milestones and the impact of our contributions to the community, click here to download your copy.