Frequently asked questions
CFS can help you find the best way to give effectively. Besides aligning your core values and intent with the needs of the community, we have the knowledge and grantmaking expertise to build a strategic and meaningful plan to reach your goals.
We offer a full range of donor services and programmes to help manage your giving plans, follow up on your donation and report on the results. We also provide access to resources and research to help identify charities that best match your interests. Our suite of advisory and administrative support services helps you give with ease and confidence. CFS also regularly performs due diligence of charitable organisations to provide full accountability for your donation.
As a charity (no: 002119) with Institution of Public Character (IPC) status, CFS is able to issue tax–deductible receipts for you at the prevailing tax deduction rate. We also make it easier for you to claim tax deductions. More information on donations and tax deductions here.
Our audit partner KPMG conducts an independent audit of our financial statements every year. Our audited financial information is available here.
A flow through fund allows you to distribute the money as quickly or as slowly as you wish, depending on your preference. The fund will be kept in a no-risk, low-return investment vehicle until it has been disbursed as grants. An endowment fund is where your contributions are held at CFS in perpetuity and invested with annual returns directed to charitable causes of your choice. A term endowment fund is similar to an endowment fund except that it is invested and disbursed over a 10-year period.
CFS safeguards our donors’ details, confidentiality and we hold our donors’ interests in high regard as stated in CFS’s Deed Terms and Conditions. CFS strictly adheres to our PDPA (Personal Data Protection Act) policy.
We will not share donor details or contact donors for matters not directly relating to the grantmaking recommendations specified within donors’ philanthropic plans. We are mindful of our donors’ requirements, and will limit taking up our donors’ time beyond what is required.
CFS values our charity partners and endeavours to treat all partners and programmes objectively and fairly and recommend grantees and programmes to our donors based on merits and needs. We will not conduct fundraising on behalf of partners, specifically benefitting any charity or programme.
CFS is cause neutral and strives to be impartial in our engagements with donors and grantees and the development of programmes and activities. We welcome the submission of programme or funding opportunities which will be duly assessed for quality and offered to our donors alongside other eligible programmes in accordance to donors’ interests.