For the second time, the Community Foundation of Singapore (CFS) is greatly honoured to have won the Charity Transparency Award at the Charity Transparency and Governance Awards 2022. The accolade, given out by the Charity Council, recognises CFS’s exemplary disclosure and transparency practices.
CFS was one of 85 charities that received the Charity Transparency Awards this year. This is the highest tally since the awards were launched in 2016 and is an encouraging sign that more charities are implementing better transparency practices. The record number also indicates that disclosure and accountability standards are strengthening in Singapore’s philanthropic sector.
The ceremony was held on 9 November 2022 and Mr Edwin Tong, Minister of Culture, Community and Youth & Second Minister for Law graced the occasion. Our Chairperson, Ms. Christine Ong, received the award from the Commissioner of Charities, Mr. Desmond Chin. Organised by the Charity Council, the Charity Transparency and Governance Awards lauds nonprofits for their stellar efforts in upholding governance and building public trust in the sector.
At CFS, transparency is a critical element of the philanthropic equation. “Transparency builds trust and ultimately leads to better engagement and giving,” says Catherine Loh, CEO of CFS. “We believe in being open about our organisation, performance, priorities, and impact and communicating this clearly with all stakeholders. As a leading foundation and grantmaker, CFS is grateful to be a repeat winner of the Charity Transparency Award. We will continue to strive for the highest standards of transparency to honour the trust placed in us by our donors and to continuously improve to better serve our charity partners, funders, and the wider public,” she adds.
Since our inception in 2012, good corporate governance has been a central pillar of our operations and management. CFS is governed by a Board of Directors comprised of experienced and dedicated professionals from the private, public, and social services sectors. The Board ensures that CFS’s work is effective and responsible, monitors outcomes, and is accountable to donors and regulators.
As an organisation that bridges donors and charities, CFS is committed to uplifting standards and sharing knowledge within the philanthropic ecosystem in Singapore. We regularly make available information about our activities, programmes, operations, audited financials, Board, and management through our annual reports, website, and social media pages.
CFS is thankful to our Board of Directors for their expert guidance and leadership, which has helped transform us into a leading philanthropic intermediary in Singapore. We would also like to thank our many partners, our growing community of donors, and our supporters for their continued trust in our work to make giving more accessible and impactful.