Charitable funds boost donations in a tough year for giving

(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.
(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
Senior Social Affairs Correspondent
  • Updated
    Aug 7, 2020, 7:21 am
  • Published
    Aug 6, 2020, 9:30 pm SGT
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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.

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