Donations last year less than in 2012

Donations last year less than in 2012

Giving to local charitable causes slowed somewhat last year.

The amount of tax-deductible donations (TDD) totalled $970 million in 2013, compared to the record high of $1.031 billion in 2012, the office of the Commissioner of Charities (COC) revealed this in its annual report.

INCREASING SUPPORT

But TDD have been rising overall over the past 10 years, "reflecting the public's increasing support for local charitable causes", it said.

Said COC Low Puk Yeong: "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."


This article was first published on August 15, 2014.
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