Michael Binger relocated to Singapore in 2007 in search of fresh professional opportunities and a change of scenery. Now, sixteen years on, the ex-Vice President of South APAC at Under Armour has not only built a thriving business but also embarked on a meaningful journey of philanthropy, to make a lasting impact in the local community.Finding a Home in Singapore
In celebration of their 55th Anniversary, the Insurance and Financial Practitioners Association of Singapore (IFPAS) extended their commitment to the Community Foundation of Singapore (CFS) by pledging an additional $200,000 over the next five years to their donor-advised fund (DAF), named the ‘IFPAS Love Fund’.At the handshake ceremony between CFS and IFPAS, IFPAS President, Mr Ng Eng Beow, expressed his gratitude and vision for the partnership. He said, “Insurance is rooted in love. Love motivates us to protect ourselves and our loved ones. The IFPAS Love Fund was established seven years ago to channel our love to the wider community, and CFS has been our trusted partner in reaching out to those who need our help and support. We appreciate this collaboration, and we are excited for the future possibilities.”
Philanthropy is more than just a gesture of goodwill; it’s a journey towards making a lasting impact on society. For the founders of the Maanas Cares Foundation, Manoj, Sreevidhya and their children, Aditya and Nitya, this journey began with a vision of creating a legacy of compassion and support for those in need. Partnering with the Community Foundation of Singapore (CFS), they have transformed their philanthropic aspirations into tangible action, supporting a range of causes that are close to their hearts.For over two decades, the founders of the Maanas Cares Foundation have given to charitable causes. A few years ago, they decided to deepen their impact, to make a more significant and enduring contribution that would extend beyond their lifetimes. As working professionals at the peak of their careers, they found it challenging to dedicate the necessary time to support these activities. This led them to seek out an organisation with a proven track record to handle the administrative aspects of their philanthropic efforts. That’s when they discovered CFS.
Over two years, the number of Donor-Advised Funds (DAFs) managed by the Community Foundation of Singapore (CFS) has increased from 162 to 235, and total donations received since inception has risen from $192 million to $311 million. As of 31 December 2023, CFS has disbursed over $169 million in grants, a big jump from the $114 million disbursed as of 31 March 2021.Speaking to Zaobao, CEO Ms Catherine Loh, shared that one reason for the significant increase in donations was due to a few large donations exceeding $10 million over the past three years. She also highlighted the introduction of Legacy Giving by CFS, and the organisation’s efforts to work more closely with financial and legal advisors to promote philanthropy. Notably, about 15% of CFS’s DAFs are memorial in nature, including the recently established Adrian Tan Memorial Fund in 2023.
On 14th February 2024, CFS marked its 15th Anniversary with a Chinese New Year “Lohei” (Prosperity Toss) celebration. The event was graced by Mr Alvin Tan, Minister of State for Culture, Community and Youth, and Minister of State for Trade and Industry, and gathered nearly 160 donors, charity partners, and business associates, both longstanding and new.Unveiling the Sayang Sayang Fund Report was a great way to mark our 15th year, as it displayed the power of collective impact and love for our community. Established as an emergency response fund at the start of the COVID-19 pandemic to support vulnerable groups, the Sayang Sayang Fund (SSF) impacted the lives of over 401,000 beneficiaries in Singapore. In a span of three years, an impressive $9.7 million was raised, showcasing the remarkable generosity and willingness of the community to offer their support.
The Collective for a Stronger Society aims to uplift, enable and empower lower-income families, and one area of focus is education. Assumption Pathway School (APS) offers an alternative route for students who face barriers to completing mainstream secondary school education. As a specialised school, APS offers vocational programmes accredited by ITE, and foundation and character development programmes developed in collaboration with MOE.Ms Gan Hui Xin’s life took a turn when she enrolled at Assumption Pathway School (APS) in 2016. Her earlier academic performance had been poor, which led to a waning interest in her studies. During her four-year tenure at APS, however, she discovered a new passion and attained an ITE Skills Certificate (ISC) in Hairdressing. Although unable to continue her education at ITE, she remained determined to continue her pursuit of knowledge.
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?
CFS has been awarded the COVID-19 Resilience Certificate, which recognises the contributions of organisations that played a vital role in addressing the challenges posed by COVID-19. Our CEO, Catherine Loh, received the award at the Ministry of Culture, Community and Youth (MCCY) Family National Day COVID-19 Investiture on October 10, 2023.How We Pooled Resources for Singapore
Students without means often do not enjoy the same opportunities as their well-to-do peers. Some are forced to give up their studies to support themselves and their families. Others struggle throughout school without realising they have a learning disability. Some younger children are less school-ready, leading them to fall behind academically. With grants from CFS donors, at-risk students can get the right support to access quality education, one of five focal outcome-centred causes that CFS champions.We firmly believe education can boost a person’s employability, and promote inclusivity and integration within society. However, we recognise that not every child has an equal shot at obtaining the education they need. With targeted philanthropy, we bridge critical gaps and improve social mobility for our most vulnerable young.
Our donors have long been a pillar of support for the charity SHINE Children and Youth Services, especially their Reading Odyssey. This programme builds reading skills and confidence in disadvantaged children. CFS is commemorating 15 years of giving and this story is one of a three-part series that highlights the strong relationships CFS has fostered with charities over the years.While most children in Singapore are able to read when they start primary school, some have very limited literacy skills. This could be due to challenging personal circumstances or undiagnosed learning difficulties in their earlier years. The problem is that this limitation immediately sets them back from their peers academically.
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