Singapore ahead of other South-east Asian countries in non-profit sector, report shows
Published on Feb 17, 2014 7:06 PM
Singapore's well-developed non-profit sector is ahead of other countries in South-east Asia, and charitable donations by both individuals and institutions here have risen steadily over the past decade, according to a new report on strategic philanthropy released on Monday.
Among the reasons cited are tax policies that allow individual donors to deduct 2.5 times the value of their donations to Institutions of Public Character in their tax filings, said Ms Prapti Uphadyay Anand, author of the report released by the Lien Centre for Social Innovation at Singapore Management University (SMU).
The SMU report examines strategic philanthropy in four countries - Indonesia, the Philippines, Singapore, and Thailand - to see if rising wealth in these countries has translated into rising philanthropy.
Strategic philanthropy, in contrast to ad hoc charitable donations, is giving to achieve specific long-term objectives. For instance, the Tsao and Lien Foundations here conduct policy research as well as programmes on issues from ageing to sanitation to complement their charity efforts.
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