More wealthy donors setting up private charity funds

The Community Foundation of Singapore said it has seen the number of individual donors rise from seven in 2008 to 97 this year.
The Community Foundation of Singapore said it has seen the number of individual donors rise from seven in 2008 to 97 this year.PHOTO: CF.ORG.SG
Assistant News Editor
  • Updated
    May 27, 2018, 11:30 am
  • Published
    May 27, 2018, 5:00 am SGT
New: Gift this subscriber-only story to your friends and family

More wealthy people are setting up private charity funds through which they can give away their riches, according to a foundation that helps such individuals set up the funds.

The Community Foundation of Singapore (CFS) said it has seen the number of individual donors rise from seven in 2008 to 97 this year. Each of the funds must have at least $200,000.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*
Subscribe now

*Terms and conditions apply.

A version of this article appeared in the print edition of The Sunday Times on May 27, 2018, with the headline 'More wealthy donors setting up private charity funds'. Print Edition | Subscribe
Topics: