(From left) Ms Catherine Loh, CEO of the Community Foundation of Singapore and Ms. Denise Yeo.
Denise Yeo was juggling two part-time jobs while studying full-time for a degree in Fashion Design & Textiles at LASALLE College of the Arts. So, she was overjoyed when she received an education grant from the International Women’s Forum Singapore (IWF). “The money meant I could divert more time to my studies,” says the 23-year-old student.
Funding her degree has been a struggle. Her father is disabled in both legs and cannot work. Her mother works in a restaurant and Denise’s elder sister, who looks after their father, had to take out a loan from her Central Provident Fund savings to help Denise pay for her tuition fees.
The $4,500 IWF grant has let her cut back on her working hours in her crucial final year. It also helped fund her graduation project – a collection of six looks inspired by the whimsical, playful nature of clowns – which is critical to building a career in fashion. “Fashion involves a lot of money and time,” says Denise, who graduates in April 2023. The financial security allowed her to devote more time to designing her collection and invest in better quality fabric and trimmings.
Denise is already crafting a name as a designer to watch. In 2021, the articulate and talented young lady won the Men’s Folio Designer of the Year competition. She plans to start a brand of her own and pursue a master’s degree and a PhD. Grateful for how the IWF grant positively impacted her, Denise hopes more philanthropic support can be extended to students in the creative arts.
The annual grant came from the IWF Singapore Education Grants Fund, a donor-advised fund (DAF) which IWF set up in 2014 with the Community Foundation of Singapore (CFS). IWF is an invitation-only network of accomplished women dedicated to advancing women’s leadership and championing gender equality. It strongly believes in nurturing the next generation of women by providing access to education and mentorship.
The IWF Singapore Education Grant aims to support deserving young women in any field, in any educational institution in Singapore. Beneficiaries are typically students between the ages of 17 to 35 who are applying or studying for a diploma or degree at a local polytechnic or university, and who are at risk of dropping out due to financial challenges.
Aside from monetary aid, the grant seeks to equip these students with life skills and guidance on career choices. This is done with the help of the Young Women’s Leadership Connection, a mentorship programme initiated by Mrs Arfat Selvam, Managing Director of law firm Duane Morris and Selvam LLP. For IWF, partnering with CFS has been the ideal way to fulfil its specific philanthropic goals. As Singapore’s only community foundation, CFS is a leader in philanthropy advisory and grantmaking, and will celebrate its 15th year of connecting donors with opportunities to make impact in 2023. Tapping into its deep roots in the community, CFS helped IWF navigate unmet needs in the educational sector, backed by its solid knowledge of local institutes of higher learning and data such as the cost of education.
With the help of CFS, IWF looks for students with grit – those who strive to excel in their chosen field. Beyond that, it also seeks out students with a strong desire to make a difference to their community and who show empathy for the less fortunate. In Denise’s case, what helped her stand apart was her commitment to sustainability.
While working in F&B, she gained an appreciation for managing waste, recycling and thoughtful sourcing of materials. This prompted Denise to weave in elements of eco-consciousness into her designs. She opts for natural fabrics, instead of synthetic ones, and is creating outfits that can be worn in many different ways, to improve their lifespan.
In 2021 alone, the IWF fund supported grants to 31 students in tertiary institutions. Since its inception, the IWF has awarded a total of 143 grants to 127 unique young women from 13 local institutions. Through its long-running generosity and tireless mentoring, the IWF has made a lasting impact on the lives of numerous young women.
Establishing a DAF with CFS is a seamless, cost-effective and flexible way for donors to embark on their very own giving journey. As a one-stop philanthropic centre, CFS tailors each DAF to a donor’s motivations and handles the tax, legal, reporting, governance and fund management requirements. This is all carried out at minimal cost. Backed by 14 years of experience and counting, CFS is honoured to be the leading provider of DAFs in Singapore today.
For more on how CFS can help you on your philanthropic journey, please visit this page.