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Charitable funds boost donations in a tough year for giving
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(From left) Dr Lien Lian Sze, Mr Lien Ber Luen (baby) and Mr Lien Shih Sheng. Mr Lien Ber Luen gave $200,000 in 2018 to set up the Lien Shih Sheng Foundation in memory of his late grandfather.
PHOTO: COURTESY OF MR LIEN BER LUEN
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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.
