We would like to give a big thank you to the Law Society of Singapore and the Singapore Management University’s Centre for Commercial Law in Asia for inviting our CEO, Ms Catherine Loh, to be a part of the panel for the Facilitating Philanthropy: Taxation, Structures and Legacy Giving webinar.
In this three-part series ‘Sustainable Philanthropy Matters’, we explore the surprisingly intimate relationship between philanthropy and sustainability and how the practice of one can in fact, lead to the advancement of the other. Both of these issues are close to our hearts here at CFS and we want to share how our philanthropy can help preserve our planet, our communities and our future.Believe it or not, philanthropy and sustainability are concepts that have been around for millennia. Our forefathers understood the need for charity and living with the future in mind long before we had frameworks and modern models for them.
A history of giving in Singapore and its philanthropic landscapePhilanthropy has seen an evolution over the years, which saw a corresponding increase in family support services due to the development of more HDBs to house our growing population.
Last year, the COVID-19 pandemic has likely changed your life on a daily basis. Though the pandemic has affected everyone, it hasn’t done so equally – the situations of the most vulnerable groups have been severely aggravated and awareness of our society’s fault lines and underserved needs have been heightened. But, if this pandemic has taught us anything, it’s the tremendous power of common people working together to achieve a unified goal.
Winning the Goh Soon Tioe Centenary Award in 2020 was a pleasant surprise for talented violinist Natalie Koh, who was not usually recognised for her solo performances and had to prepare for the Award’s audition just after last year’s circuit breaker without any formal instruction.“I am deeply honoured to have received the Goh Soon Tioe Centenary Award in 2020. Violin playing has always been something that I am very passionate about, although my growth and achievements have not always been a given,” says Natalie.
Dr Chua, a retired doctor, 80, gave $1 million to start the Bamboo Lotus Fund with the Community Foundation of Singapore (CFS) in July after being inspired by another retiree’s donation of $1 million to start a charitable trust that he did the same thing.Describing himself as an “ordinary” general practitioner, and not a “highly paid medical specialist”, Dr Chua said: “I hope (my example) dispels the myth that only prominent individuals or corporate organisations can make significant donations. “To me, $1 million is a significant amount that will get others to notice and start to consider how much they can give too.”
For CFS donor Mr Surya Jhunjhnuwala, the late patriarch Shyam Sundar Jhunjhnuwala who founded the Hind Group, was a devoted father and man of vision, passing on to his children the values of humility, hard work and honesty. These principles were ingrained into them at a young age and have guided his family through both good and challenging times.The S.S. Jhunjhnuwala Charity Fund was set up by the Hind Group to honour him. The Fund, managed by The Community Foundation of Singapore, is proof that S.S. Jhunjhnuwala’s legacy lives on, its grants supporting welfare initiatives and underprivileged women.
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.
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。
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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