MEDIA RELEASE For Immediate Release STRENGTHENING CHARITIES’ GOVERNANCE KEY TO GIVING Giving to local charitable causes slowed somewhat in 2013, according to the latest annual report released by the office of the Commissioner of Charities. Tax deductible donations (TDD) totalled $970 million in 2013, compared to the record high of $1,031 million in 2012. Notwithstanding this fluctuation, TDD has displayed an overall uptrend over the past 10 years, reflecting the public’s increasing support for local charitable causes over the years. 2 Mr Low Puk Yeong, the Commissioner of Charities (COC) said, “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. Charities need to be both effective and accountable. We will focus our attention on this area and hope that more individuals and corporations will step forward to support charitable causes that touch their hearts and resonate with their corporate culture and Corporate Social Responsibility (CSR) programme.” 3 The report also highlighted several new areas of collaboration between the COC’s Office and its partners to improve the governance standards of the charity sector. One such collaboration included a study led by the Centre for Non-Profit Leadership (CNPL) to take stock of the disclosure and governance practices of charities in Singapore. With a better understanding of the existing gaps, agencies including CNPL, the COC’s Office and Charity Council, will be able to better plan their intervention efforts to address the key issues. 4 The Social Service Institute, the training arm of the National Council of Social Service (NCSS), also worked with the COC’s office to develop a guide that helps charities implement policies that guard against conflicts of interest, and puts in place standard operating procedures to improve administration and control. Such provisions will allow charities to strengthen governance processes in their organisations. 5 The COC’s office will continue in its efforts to enhance transparency and accountability in the charity sector and bring about even stronger public support and confidence. The COC’s office will also be working very closely with the Charity Council to step up public education efforts on informed giving. 6 The latest COC Annual Report is available for reference on the Charity Portal (http://www.charities.gov.sg). The Office of the Commissioner of Charities 14 August 2014 For media queries, please contact: 1) Ms Valerie Yek Assistant Manager, Corporate Communications Division Ministry of Culture, Community and Youth Contact Number: (65) 6837 8976 Email: Valerie_Yek@mccy.gov.sg 2) Mr Fong Weng Kiong Deputy Director, Corporate Communications Division Ministry of Culture, Community and Youth Contact Number: (65) 6837 9859 Email: Fong_Weng_Kiong@mccy.gov.sg About the Charity Council The Charity Council was set up in March 2007 and comprises 15 representatives. These representatives include the Chairman and nine other members from the people sector who were chosen for their expertise in different fields, as well as past experience in volunteer and charity work in varied sectors. Roles of the Charity Council Promote and encourage the adoption of good governance and best practices, to help enhance public confidence and promote self-regulation in the charity sector Build capabilities of charities and IPCs to help them comply with regulatory requirements and enhance public accountability Advise the Commissioner of Charities (COC) on key regulatory issues