CEO Catherine Loh goes on Money FM 89.3 to speak about the donor-advised funds.Elliott Danker: Funds such as DAFs are especially needed during the current COVID-19 pandemic because that’s where you have more people in need. Many charities have shared that donations have been falling.
SINGAPORE – More wealthy people are setting up charitable funds that give at least six-figure sums to their chosen causes.There were 143 donor-advised funds set up with the Community Foundation of Singapore (CFS), disbursing $20.2 million to charitable causes in the non-profit organisation’s financial year that ended in March.
An accomplished violinist, conductor and impresario, Goh Soon Tioe was one of the greatest pioneers of Western classical music in post war Singapore and among the country’s earliest music teachers.A prodigious student of Spanish classical guitarist Andres Segovia, Goh taught a generation of musicians who went on to become established figures in Singapore’s music scene. Some of them include household names such as singer-songwriter Dick Lee, and National University of Singapore’s (NUS) Concert Orchestra Music Director, Lim Soon Lee
As many as 80 percent of ITE students come from low-income families and are receiving bursaries from the government. Kintan Teo is one of them. Her family of four survived on just $800 a month before COVID-19 struck. Her mother, the sole breadwinner, was working as a cleaner.When Kintan’s mother lost her job in April, the family had to use whatever meagre savings they had to get by. While Kintan’s mother sold baked and cooked food to generate some income, her earnings were still insufficient to cover their utilities and other bills. Kintan, a Business Studies student at ITE, tried working part-time to supplement the family income but gave it up after a few months. She had to work four to five days a week for up to seven hours daily as a team leader at a chicken wing restaurant.
SINGAPORE: The Community Foundation of Singapore (CFS) has committed up to S$300,000 in funding to extend the Recess@Home programme until the end of the “circuit breaker” on Jun 1, the Ministry of Education (MOE) said on Thursday (May 14).]
Education is a powerful social leveller, and the youngest Nobel Peace laureate in the world Malala Yousafzai will readily attest to that. In fact, it is her life’s mission to make sure young girls and women all over the world are lifted out of poverty through receiving equal access to an education. For women all over the world, Malala is celebrated as a champion of women’s rights and is recognised for her immense achievements in the face of overwhelming adversity.The International Women’s Forum (IWF) Singapore Education Grant took a feather out of Malala’s hat when it was established in 2014 – to support women of all backgrounds to receive proper education and mentorship.
Widening social inequality, an ageing population, and climate change – these are the issues that frame our world, as Singapore celebrates its bicentennial year in 2019. Yet alongside these social challenges, we’re also reminded of our long history of philanthropy in tackling local community needs. Take for instance, the recent 200 Years of Philanthropy in Singapore at the Temasek Shophouse, where it was heartening to see philanthropy being celebrated as a vital thread in Singapore’s success story.But how will local donors continue to contribute to Singapore’s future? With the number of high-net-worth individuals here expected to grow by 22% to 250,000 by 2023, philanthropy is at an inflection point. We’ve already seeing broader shifts in our donor landscape: donors are getting younger; more Singaporeans are becoming socially aware, and technology is empowering new modes of giving.
Widening social inequality, an ageing population, and the threat of climate change – these are the issues that frame our world today. Amidst increasing recognition of these complex issues, a group of ten donors have come together to establish Mind the Gap 200 (MtG 200), a multi-fund project, with the Community Foundation of Singapore (CFS). Thus far, S$10 million has been raised.The brainchild of Mr Tow Heng Tan, CEO of Pavilion Capital, MtG 200 is the first ever collective of donor advised funds to address social issues across multiple sectors in Singapore. MtG 200 will provide support to four areas of focus: community, education, healthcare and sustainability.
The new S R Nathan Book Prize & Special Assistance Scheme spurs trainees from ITE’s Traineeship Scheme to reach for a better future.In recent years, Singapore’s education system has been seeking to move beyond academic grades to a more holistic approach towards learning. Seeking to change broader mindsets towards the value of applied learning and work experience, Singapore’s Institute of Technical Education (ITE) has been steadily championing a ‘work-study’ approach through its Traineeship Scheme
It seeks to foster tie-ups among stakeholders for long-term initiatives, rather than one-off donationsBy Claudia Tan
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