CAPS Spotlight: Who’s Doing Good

31 March 2021 - 13 April 2021

Record SG$102 million (approximately US$76 million) donated on Giving.sg in past year, surpassing previous annual records. Around 600 charities received these donations, according to the National Volunteer and Philanthropy Centre (NVPC). Like last year, Giving.sg has waived the 3% transaction fee for next year, meaning charities will continue to receive the full amount of the donation. Continue reading in The Straits Times →

Grab announces US$275 million GrabForGood Fund to provide funding and vaccine support. Grab will seed the fund with US$50 million in cash and US$200 million in Grab shares. Grab Group’s CEO and Co-founder Anthony Tan, Co-founder Tan Hooi Ling, and President Ming Maa also pledged a combined US$25 million in personal contributions of Grab shares. The fund’s first initiative will provide Covid-19 vaccine support for Grab partners, followed by grants and financial support for long-term social and environmental impact benefiting communities across Southeast Asia. Continue reading in Yahoo! Finance →

San Miguel Corporation’s new food donation drive to benefit 184,000 families in lockdown areas. As coronavirus cases rise in the Philippines, the conglomerate is ramping up its food donation efforts. This follows past donations to the country’s Covid-19 response, which have totaled over PHP13 billion (approximately US$268 million) of food aid, medical equipment and other forms of assistance. Continue reading in CNN Philippines →

Corporate India plans Covid-19 vaccination drive for its employees. Major companies—including Reliance Industries, Infosys and Tata Consultancy Services—have committed to vaccinating eligible employees and their families free of cost. The government plans to qualify such expenditure as part of a company’s CSR obligations, as long as it is part of a community-based vaccination project. Continue reading in The Economic Times →

Neera Nundy, co-founder and partner at Dasra, underscores the role of family philanthropy. Nundy outlines how India can accelerate the impact of family philanthropy, the corpus of which tripled in the past year. In fostering more collaboration, family philanthropy can play a more central role—as partners to government and nonprofits—in driving more sustainable change. Continue reading in Forbes India →

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Overview of Charity Sector in Singapore: 2007–2013 (Philanthropy in Asia: Working Paper No. 3)

National University of Singapore (NUS)

This study maps Singapore’s charitable sector using annual reports published between 2007 to 2013 by the Commissioner of Charities. It describes the size of the sector and its financial health, as well as trends in the type of funding received by organization and by subsector. It also raises questions on fundraising strategies, the relationship between donations and economic conditions, and grants leading to ‘crowding-in’ or ‘crowding-out’ of other forms of funding. Read it here.

Corporate Philanthropy in Pakistan 2018: Mapping Corporate Sector Contribution Towards Government EHSAAS Program

Pakistan Centre for Philanthropy (PCP)

This report examines the philanthropic contributions toward social development by the corporate sector in Pakistan. It is the fifteenth edition in the series. The report describes the relationship between business and society, and how it impacts corporate giving. How the government’s Ehsaas Program for poverty reduction aligns with corporate giving is also discussed. The report makes several policy recommendations on ways to facilitate corporate giving and improve their effectiveness. Read it here.

CAPS Spotlight: Who’s Doing Good

16 March 2021 - 31 March 2021

After recent outbreak of Covid-19 cases, Cambodian government calls upon private sector for further assistance. One of Cambodia’s largest conglomerates, Prince Holding Group, and its chairman Neak Oknha Chen Zhi, answered the call with a fresh bequest of US$3 million. Cambodian tycoon Kith Meng and his family also contributed US$3 million, with an additional US$2 million to purchase Nokor Tep Hospital. Both Kith Meng and Chen Zhi are among a list of prominent business leaders who had already donated to Prime Minister Hun Sen’s vaccine efforts last December, contributing US$3 million each at that time.

Private equity fund ABC World Asia launches inaugural report detailing investment activities and impact performance. The report, “Journey to Impact in Asia,” showcases the performance of SG$98 million (approximately US$73 million) invested in five companies addressing challenges in climate, financial inclusion, healthcare, and sustainable agriculture in 2020. The fund aims to encourage more dialogue around impact investing in Asia by publicly sharing its framework for impact evaluation and its learning and experiences. In CAPS’ Business for Good, we highlight how impact investors can help incentivize other investors by publishing reports like this that showcase different approaches to investment and celebrate success stories. Continue reading in PR Newswire →

Swire Group reaffirms commitment to Hong Kong community with new HK$150 million (approximately US$20 million) charitable pledge. The new round of funding will go to TrustTomorrow, an initiative launched in early 2020 by the Group’s philanthropic arm Swire Trust. It will support around 30 projects, primarily in education, marine conservation and the arts, over the next three years. Continue reading in the South China Morning Post →

Survey of Indian bureaucrats highlights critical role of NGOs in pandemic response. The Centre for Policy Research survey, conducted in August-September 2020, polled over 500 officers of the Indian Administrative Service (IAS). The findings show that three out of five officers considered NGOs and civil society as critical partners in the pandemic response. Officers in more developed states, however, were less likely to consider NGOs as critical partners, suggesting they may be less dependent on them for meeting gaps in services. Continue reading in Live Mint →

Tengku Puteri Iman Afzan, eldest daughter of the King of Malaysia, launches social enterprise on mental health. The 28-year-old royal has launched Green Ribbon Group, a social enterprise that aims to combat mental health issues in Malaysia. It will seek to empower stakeholders involved in raising awareness around mental health, through advocacy, fundraising, and collaboration initiatives. Continue reading in CNA Luxury →

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India Philanthropy Report 2021

Bain & Company and Dasra

The latest India Philanthropy Report showcases the state of giving towards the social sector in India. It highlights the growing contribution of family foundations, which has remained resilient during the pandemic, while other sources of private sector funding have stagnated. However, the social sector remains underserved, with annual funding shortfalls compounded by the addition of pandemic-induced demands.

The report estimates that if India’s ultra-high-net-worth families increase their giving in line with global peers (i.e., they give 2-3% of their wealth), family philanthropic funding would increase five-fold. Read it here.

Charity Law Reform in Hong Kong: Taming the Asian Dragon?

Damian Bethke (International Journal of Not-for-profit Law (Vol. 18, No. 1))

This article examines the historical development of charity organizations in Hong Kong and reviews laws governing them.

Hong Kong has seen a rise in the number of charitable organizations despite a lack of clear regulations. To address this, in 2007 the Law Reform Commission initiated a review of the charity law and recommended 18 changes. This article discusses where these recommendations fall short and proposes an alternative model: the creation of independent charity watchdog organizations to monitor the sector. Read it here.

Global Philanthropy Report: Perspectives on the global foundation sector

John F. Kennedy School of Government, Harvard University

This report seeks to create a knowledge base for institutional philanthropy. Wealthy individuals, families and corporations are looking to invest more strategically and maximize impact. The report highlights how financial resources are being deployed to do good, identifies priority areas for investment and operational approaches of grant makers. Insights from Asian research partners in China, Hong Kong and India are provided. Read it here.

CAF World Giving Index 10th Edition

Charities Aid Foundation

This special 10th edition of the Index looks at trends in charitable giving based on aggregated data over 10 years. It is based on surveys of 1.3 million people on three aspects of giving behavior: helping strangers, donating to charities and volunteering.

While the World Giving Index measures how likely an individual would be to donate or assist a stranger on an ad hoc basis, it contrasts with CAPS’ Doing Good Index, which considers the enabling infrastructure for making large-scale philanthropy in Asia. Read it here.

CAPS Spotlight: Who’s Doing Good

02 March 2021 - 15 March 2021

In the latest for South China Morning Post, CAPS explains how China achieved its poverty alleviation goal by seasoning its ‘stone soup’ strategy. On February 25th, Xi Jinping announced that his signature campaign to eliminate absolute poverty was a success. CAPS’ Chief Executive Ruth Shapiro and Deputy Director of Advisory Services Angel Lin give insight into the four strategies—a focused campaign, aligned incentives, tracking poverty, and mobilizing resources—that helped China achieve this audacious goal. Continue reading in the South China Morning Post →

Family philanthropy in India has tripled since 2019, according to latest India Philanthropy Report. While other sources of private funding—foreign, corporate, and retail—remained stagnant, funding from individual philanthropists grew to approximately INR 12,000 crore (approximately US$1.7 billion) in FY2020. This accounts for almost two-thirds of the increase in funding during the pandemic. This rise in individual giving is welcome, as foreign funding saw its share of overall funding fall to 25% and corporate funding is set to decline. Continue reading in the Business World →

Singapore’s Temasek Holdings commits US$500 million to impact investing specialist LeapFrog Investments. This allocation by Temasek, the US$214 billion Singapore state-backed investment company, is the largest single commitment to a specialist impact investment manager, according to the Global Impact Investing Network (GIIN). Temasek hopes its commitment will encourage other large institutional investors to move into impact investing. Continue reading in the Financial Times →

Newly published report estimates 1 million social enterprises across South East Asia. The State of Social Enterprise in South East Asia, launched earlier this month by the British Council, collates research on social enterprises from Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. The report examines social enterprises’ activities, size and reach, as well as available government and financial support. CAPS also estimated there to be at least 1.2 million social enterprises in the six economies covered in Business for Good: Maximizing the Value of Social Enterprises in Asia. Continue reading in Pioneers Post →

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CAPS Spotlight: Who’s Doing Good

17 February 2021 - 01 March 2021

Korea’s Kim Bong-jin and his wife Bomi Sul are the latest to sign the Giving Pledge, vowing to donate half of their wealth. Kim Bong-jin is founder and CEO of Woowa Brothers, which created Korea’s largest food-delivery app. Kim and his wife are the first Koreans to sign the Giving Pledge, an initiative started in 2010 by billionaires Warren Buffett, Bill Gates and Melinda Gates to encourage the ultra-rich to give away most of their fortunes to philanthropy. This follows a recent announcement by Korean billionaire Kim Beom-su, who also pledged to donate over half of his wealth to charitable causes. Continue reading in Bloomberg →

I(x) Investments, co-founded by Warren Buffet’s grandson, is among those turning to Asia for impact investing. I(x) Investments has brought together more than 65 of the world’s wealthiest families from 14 countries to invest in climate and sustainability issues. The company is among those looking to Asia both to attract new impact investors and to allocate funds to. One of its biggest bets in the region is WasteFuel, a startup developing technology to convert municipal waste into jet fuel. With plans to build a US$700 million plant in the Philippines and replicate this model in other Asian countries, the startup has already received investment from several I(x) families, including Filipino billionaire Enrique Razon. Continue reading in Bloomberg →

Tata STRIVE and Wipro GE Healthcare partner up to bridge healthcare skill gap in India. As part of the CSR partnership, Wipro GE Healthcare will design, develop and implement industry-relevant training to help underprivileged students achieve gainful employment. Tata STRIVE, the skills development CSR initiative of the Tata Community Initiatives Trust, will provide the candidates loans upon qualifying for the course. The partnership aims to skill 6,200 candidates over a period of three years. Continue reading in The CSR Journal →

IKEA partners with local social enterprise Rags2Riches in the Philippines. The Swedish multi-national company is opening its first store in the Philippines and tapping the services of Rags2Riches for a three-year partnership. Rags2Riches, a social enterprise which employs female artisans from low-income communities to create sustainable fashion and home products, will be providing sewing services in IKEA’s Philippines store. As highlighted in CAPS’ study, Business for Good: Maximizing the Value of Social Enterprises in Asia, procuring from social enterprises like this is a win-win strategy that can advance sustainable consumption as well as provide the funding and capacity building support social enterprises need to grow. Continue reading in BusinessWorld →

The GiveIndia Fundraising Challenge 2021, India’s biggest fundraising event, is helping NGOs raise crores in funds. Nearly 200 nonprofits have already raised over Rs 2 crores (approximately US$275,000) since the challenge began on February 1. The challenge will run till March 28 and is expected to raise more than Rs 15 crore (approximately US$2 million) by then. Since the timing coincides with the end of the financial year, NGOs typically leverage tax savings donors would get for donating to them to appeal for funds. Continue reading in the Business Standard →

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