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Overview Singapore is positioning itself as a leading philanthropic hub in the region through a combination of government initiatives and private sector contributions to build a thriving ecosystem for philanthropy. There are attractive tax incentives, including a 250% tax deduction for donations to Institutions of a Public Character. In addition, there are various donation …
Philanthropy in Singapore has been growing steadily. Based on annual reports from the Commissioner of Charities (COC), total donations received by registered charities in Singapore increased from S$1.8 billion in 2009 to S$3.2 billion in 2019, an annualised growth of 6.0% over 10 years. Tax deductible donations grew at an annualised rate of 4.0% in …
Philanthropists in Singapore have been supporting causes through private donations for decades. These donations have been made through multiple channels including personal accounts, family offices, trusts and/or foundations. In particular, the wealthiest individuals and corporates establish foundations – legal entities through which they can channel giving to their preferred causes. To identify the biggest philanthropic …