Donations to charity slow to $970 million last year, from $1.03 billion in 2012

Donations to charity slow to $970 million last year, from $1.03 billion in 2012
A Singapore Red Cross volunteer organizing the donation tins to be used on its Flag Day held on Jan 26, 2013. The amount of donations to charity last year hit $970 million - about 6 per cent less than the record $1.031 billion raised in 2012.

SINGAPORE - The amount of donations to charity last year hit $970 million - about 6 per cent less than the record $1.031 billion raised in 2012.


Get the full story from The Straits Times.

Here's the statement from MCCY:

Giving to local charitable causes slowed somewhat in 2013, according to the latest annual report released by the office of the Commissioner of Charities. Tax deductible donations (TDD) totalled $970 million in 2013, compared to the record high of $1,031 million in 2012. Notwithstanding this fluctuation, TDD has displayed an overall uptrend over the past 10 years, reflecting the public's increasing support for local charitable causes over the years.

Mr Low Puk Yeong, the Commissioner of Charities (COC) said, "Good governance and transparency are keys to maintain and strengthen public confidence and giving. Donors are no longer just going by the objects and programmes of the charities but also how well-governed and transparent they are. Charities need to be both effective and accountable. We will focus our attention on this area and hope that more individuals and corporations will step forward to support charitable causes that touch their hearts and resonate with their corporate culture and Corporate Social Responsibility (CSR) programme."

The report also highlighted several new areas of collaboration between the COC's Office and its partners to improve the governance standards of the charity sector. One such collaboration included a study led by the Centre for Non-Profit Leadership (CNPL) to take stock of the disclosure and governance practices of charities in Singapore. With a better understanding of the existing gaps, agencies including CNPL, the COC's Office and Charity Council, will be able to better plan their intervention efforts to address the key issues.

The Social Service Institute, the training arm of the National Council of Social Service (NCSS), also worked with the COC's office to develop a guide that helpscharities implement policies that guard against conflicts of interest, and puts in place standard operating procedures to improve administration and control. Such provisions will allow charities to strengthen governance processes in their organisations.

The COC's office will continue in its efforts to enhance transparency and accountability in the charity sector and bring about even stronger public support and confidence. The COC's office will also be working very closely with the Charity Council to step up public education efforts on informed giving.

Purchase this article for republication.

BRANDINSIDER

SPONSORED

Most Read

Your daily good stuff - AsiaOne stories delivered straight to your inbox
By signing up, you agree to our Privacy policy and Terms and Conditions.