Briefs
topics
Philanthropy, Archived Newsletters, Education, CSR, SDO Management & Leadership
economies
China, Indonesia, Hong Kong, Singapore, Global
languages
English

Who’s Doing Good?

21 May 2018 - 27 May 2018

THE GIVERS

Singaporean foundation invests SG$12 million (approximately US$8.9 million) to support children from low-income families. Lien Foundation, a philanthropic foundation in Singapore, will be investing SG$12 million and boosting manpower to further expand an early childhood intervention program it pioneered in 2013. In cooperation with Care Corner Singapore, a nonprofit organization, the “Circle of Care” program supports pre-school children from less privileged families and helps parents with their children’s transition from pre-school to primary school. According to the foundation, the program is projected over the next five years to serve at least 1,800 children in at least 30 pre-schools.

THE THINKERS

“The trouble with charitable billionaires.” “More and more wealthy CEOs are pledging to give away parts of their fortunes – often to help fix problems their companies caused. Some call this ‘philanthrocapitalism’, but is it just corporate hypocrisy?” Carl Rhodes and Peter Bloom explore the answer to this curious case in their in-depth opinion editorial.

THE NONPROFITS

Four organizations in Singapore to provide charities with shared services. According to the Commissioner of Charities, four local organizations will provide shared services to help charities comply with regulations. The four organizations are the Chartered Secretaries Institute of Singapore (CSIS), Singapore Buddhist Federation (SBF), iShine Cloud (iShine), and the National Volunteer and Philanthropy Centre (NVPC). These shared services, which include assistance in electronic regulatory submissions, governance-related matters, talent management, and technology solutions, will particularly focus on helping smaller charities.

THE BUSINESSES

MetLife Foundation partners with Kiva to support entrepreneurs worldwide. MetLife Foundation has partnered with Kiva to support entrepreneurs around the world through an employee engagement campaign. Through this “Take Action” campaign, MetLife’s 23,000 employees in Asia will each receive a US$25 loan to help entrepreneurs start, sustain, and grow their businesses.

THE INNOVATORS

Indonesian ride-hailing company facilitates doing good during Ramadan. Go-Jek launched a #CariPahala program to facilitate its users to share and do something good for each other this Ramadan. For example, Go-Ride will make it easier for users to find the nearest mosque on the mobile application’s main page, while Go-Pay will allow users to donate money to the national alms agency.

THE VOLUNTEERS

More than 2,000 volunteers hit the beach in Hong Kong. On May 27, 2018, more than 2,000 volunteers convened in Hong Kong’s Lamma Island, one of the city’s outlying islands, for a large-scale beach trash clean-up to prevent plastic trash from killing sea turtles and other wildlife.

THE TRUSTBREAKERS

Death of girl in China triggers calls for better crowdfunding supervision. Yang Meiqin, a mother of five in Henan province, used Shuidichou, an online crowdfunding platform in China, to raise funds for her fourth daughter who was diagnosed with eye cancer. She raised more than 35,000 yuan (approximately US$5,474), but the funds were suspected to have been used solely for her son who has a cleft palate. The daughter died from the cancer, triggering calls for increased accountability and oversight in the crowdfunding space. According to the new Charity Law, online fundraising can only be conducted by platforms authorized by civil affairs authorities, but “online fundraising” does not include crowdfunding, which is a channel for individuals to raise money for personal purposes.