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OPINION

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Our Annual Report 2021 is now available for download

We are pleased to share that the Community Foundation of Singapore (CFS) Annual Report 2021 has been published. Download your copy here to learn more about the year’s highlights and our impact on the community.Even as the pandemic gripped our nation, we are humbled to report that – together with our donors, charities, and partners – CFS delivered a year of bold action and made tremendous progress on our mission to facilitate impactful giving.

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

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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Pragmatic reasons to engage In philanthropy

Educator George Jacobs became involved in philanthropy because he wanted to put his money where his mouth is. As someone who feels strongly about contributing to greater food security in Singapore, the passionate advocate for a vegan lifestyle established the Relaxed Fund to promote horticulture in the little red dot.“My wife and I wanted to encourage people to eat more plant-based foods, as these foods boost human health and address global warming issues. One way to convince people to change their diets is to immerse them in growing greens themselves, so they feel a sense of ownership. Thus, they want the greens to find a good home — in their stomachs,” he says.

A man and woman proudly display an award at a charity transparency and governance event, symbolizing their recognition for outstanding achievements.

Governance is a continuous journey for charities

By Trillion SoEARLIER this month I attended the Charity Transparency and Governance Award dinner organised by the Charity Council. It was a proud moment for the charities that received the Charities Transparency Awards (CTA) 2019, which ranged from small, medium to large, all 67 of them.

An Asian woman (Catherine) gracefully seated on a vibrant red and black couch, exuding elegance and poise.

Three donor trends shaping giving in 2020 and beyond

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.

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Including the Excluded: Everyone Plays a Part

Through working and volunteering in the non-profit sector, I often meet people living in dire circumstances. I vividly remember one incident while distributing breakfast to families living in public rental units. Speaking in simple English, the mother thanked us profusely for the warm porridge and noodles – generously contributed by a donor – so the money saved could go towards their monthly transport.Giving goes a long way. But recognising and acknowledging the realities of those in need may be just as important.

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A turning point for community philanthropy

In the life of any organisation, there are special moments that will be remembered as being turning points.Last month, CFS held our Philanthropy Forum 2019, where we were extremely privileged to have keynote speaker Ms Eileen Heisman share with us several crucial moments in her career that fueled the growth of National Philanthropic Trust (NPT). As its President and CEO, Eileen has been responsible for steering NPT to raising an incredible US$13 billion in charitable contributions over the last 22 years.

A woman confidently delivering a speech at a podium, standing before a sign, conveying her message with conviction and authority.

Eileen Heisman: Donor advised funds are a flexible tool that can adapt to changing giving interests

(Excerpts from a keynote speech by Eileen Heisman, President and CEO, National Philanthropic Trust delivered at the CFS Philanthropy Forum 2019)When I was here in Singapore a decade ago as part of the Community Foundation of Singapore’s (CFS) international advisory committee, the idea of being involved in the global launch of a community foundation was so exciting to me. Everyone here was really eager to learn. They wanted to have impact. I knew CFS was going to set its own path.

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CFS Philanthropy Forum 2019: Looking to the future of community philanthropy

At the CFS Philanthropy Forum 2019 held on 18 March, over 100 guests – including donors, charities and partners – gathered to hear from leaders and experts on what lies ahead for community philanthropy.Headlining the evening was keynote speaker Eileen Heisman, President and CEO of National Philanthropic Trust (NPT), the largest independent donor advised fund (DAF) administrator in the United States. In her dynamic speech, Eileen – a founding member of CFS’s international advisory committee – shared NPT’s amazing journey to raising more than US$13 billion in charitable contributions, and encouraged all in attendance to rise to the challenge of taking local philanthropy to new heights.

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