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The Miracle Mile Fund
What Happens After Ten Years
The Miracle Mile Fund is established as a Donor-Advised Fund with the Community Foundation of Singapore (CFS) through a one-time qualifying donation by our founder.
The fund aspires to raise SGD 1 million over ten years, setting an annual fundraising target of SGD 50,000 through impactful pro bono leadership, strategy, and talent advisory, taking an approach grounded in purpose and centred on core values.
A Donor-Advised Fund with the CFS is a professionally managed giving vehicle that enables us to give to various charitable causes. Your donation will support the fund, where you can receive upfront tax deductions on eligible donations. The minimum sum to set up a Donor-Advised Fund is SGD 200,000. Our founder established The Miracle Mile Fund without the significant expenses of creating and operating a standalone private foundation.
At inception, The Miracle Mile Fund will launch as a "Flow-Through" fund, guaranteeing immdiate support for our IPC beneficiaries. We will allocate a minimum of SGD 20,000 every year for the next ten years, ensuring sustained support. Every dollar raised within the calendar year will be put to work, with a goal of disbursing a total of SGD 50,000 in grants.
Once the fund reaches its fundraising target of SGD 1 million, it will be established with the CFS as an "Endowment" fund.
CFS will invest the fund's philanthropic assets in perpetuity, allowing for continued growth. This ensures that The Miracle Mile Fund can make a sustained positive impact on our chosen charities over time.
Our founder is committed to ensuring continued support for the fund through his will and trust.
Community Foundation of Singapore
Established in 2008, The Community Foundation of Singapore (CFS) is the nation’s first community foundation and leading provider of Donor-Advised Funds, dedicated to effecting tangible change and advancing philanthropy in Singapore.
More About Donor-Advised Funds
Why Donor-Advised Funds
Donor-Advised Funds are the fastest-growing option for charitable giving in Singapore. They offer you the flexibility to choose whom to give to, how much to donate, and how often. You can make a one-time donation or an annual contribution. Additionally, you can include a donation in your will or trusts, and even establish a family tradition of giving that can be passed down through generations.
With over 15 years of experience in strategic philanthropy, the Community Foundation of Singapore (CFS) is a leading provider of Donor-Advised Funds. They collaborate with donors to create and manage funds that align with their values and giving preferences. This personalised approach ensures that your support for charitable causes has a greater impact, reflecting what truly matters to you.
CFS has partnerships with government ministries, agencies, corporations, and over 400 charities and non-profit organisations. Through the strategic disbursement of grants, CFS champions impactful programmes that span a diverse array of causes.
CFS is Singapore’s first and largest holder of Donor-Advised Funds and has raised over SGD 320 million in donations, including legacy gifts. The Foundation has disbursed over SGD 191 million in grants to bolster various causes and address critical needs.
CFS strives to foster a more compassionate and unified Singapore. CFS is an Institution of a Public Character* (IPC).
CFS offers various options for structuring your giving, including Flow-Through Funds, Endowment Funds, and Investible Flow-Through Funds.
A Flow-Through fund allows you to start supporting charities immediately. With an Endowment Fund, your donation is invested indefinitely, and an annual payout can be used to support your chosen charities. An Investible Flow-Through fund enables your donation to be invested, directing both the investment returns and the principal amount to the charitable causes of your choice.
* Institutions of a Public Character (IPCs) are exempt or registered charities in Singapore authorised to issue tax deduction receipts for qualifying donations received.
