Bank of Singapore launches philanthropic platform offering bespoke donor-advised funds
The private bank is partnering the CFS and TT Foundation Advisors for the initiative
Bank of Singapore (BOS) has introduced a philanthropic platform named Bank of Singapore Legacy of Giving, offering clients bespoke donor-advised funds (DAFs). This new platform is a collaboration with the Community Foundation of Singapore (CFS) and Temasek Trust Foundation Advisors (TTFA). DAFs are flexible giving vehicles that enable donors to direct capital to charitable causes and recommend grant sizes and timing.
Unlike typical DAF arrangements, BOS clients can select from a range of investment solutions, including pre-approved BOS-managed portfolios or grant-making DAFs without investment components. This bespoke DAF arrangement encourages clients to actively participate in shaping their investment approach and long-term giving. With this platform, BOS aims to provide clients with greater flexibility in managing their philanthropic capital while partnering with CFS and TTFA for their philanthropic expertise, governance, and network of charities.
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