The Straits Times-Oct 17

The number of charitable foundations in Singapore has grown substantially over the past decade. Out of 91 foundations here, 40 per cent have been registered as charities since 2011. And they do more than simply dole out cash handouts to causes. The new catchphrase is strategic philanthropy, as opposed to outright charity. This means donors are looking at the long term, providing more sustained support for projects and looking to use their donations to engineer real change for social good. Such philanthropy can do much to buttress gaps in social policy. In the wake of the pandemic, where issues of income inequality and class divisions have gained currency in mainstream discourse, such philanthropic work can do much to address real needs as well as redress the imbalances. This is part of a global trend which has also seen billionaires such as Mr Warren Buffett and Mr Bill Gates pledging to give away much of their fortunes. Read more at: https://www.straitstimes.com/opinion/st-editorial/gifting-time-and-effort-to-effect-change