CapitaLand launches S$2-million ‘CapitaLand Silver Empowerment Fund’ to assist and empower vulnerable elderly in Singapore
Additional S$300,000 donation to President’s Challenge 2018 to include elderly beneficiaries for the first time
Singapore, 31 July 2018 – CapitaLand, through its philanthropic arm, CapitaLand Hope Foundation (CHF) has established a S$2-million CapitaLand Silver Empowerment Fund (CSEF) to assist and empower the elderly in Singapore. CHF has partnered Community Chest Singapore to identify, fund and volunteer in projects to support vulnerable seniors aged 60 and above over three years. The new fund strives to improve the quality of life for the vulnerable elderly in Singapore through healthcare, deeper social integration and better living conditions.
The establishment of CSEF marks the first time CHF has expanded its mandate from helping underprivileged children to the vulnerable elderly since the Foundation was established in 2005. The first two projects supported by the CSEF, a senior-friendly community garden and a Community Hub, will benefit over 2,600 elderly beneficiaries when completed.
The launch of CSEF at Raffles City Singapore was officiated by Guest-of-Honour, President Halimah Yacob. At the event, CapitaLand pledged an additional S$300,000 to benefit six charities under President’s Challenge 2018. This will also be the first time CapitaLand is apportioning part of its donation to President’s Challenge towards helping the elderly
“Through the President’s Challenge, we are building a more caring and inclusive society, and CapitaLand has been a committed supporter of this goal. I encourage more corporates to extend their assistance, and to contribute their resources and expertise to help the silver generation stay connected and integrated to Singapore’s social fabric.”
Mr Lim Ming Yan, President and Group CEO of CapitaLand Group and Director for CapitaLand Hope Foundation, said: “For over 10 years, CapitaLand has been supporting underprivileged children through our philanthropic arm – CapitaLand Hope Foundation. However, with Singapore’s changing demographics, the issue of elderly care has become a growing concern. As we expand the Foundation’s mandate to support the healthcare and wellbeing of the vulnerable elderly, CapitaLand is looking forward to working together with longtime partners like President’s Challenge and Community Chest to improve the quality of aged care in Singapore. I hope what we are doing today will encourage more to come forward to help put Singapore in a better position to cope with an aging population tomorrow.”
“With CapitaLand’s real estate expertise in master planning and universal design, we have built inclusive buildings for the community and we seek to further apply these capabilities to assist the silver generation. The CapitaLand Silver Empowerment Fund is more than just financial assistance. We will partner with social service providers through Community Chest to enhance community spaces to make them accessible, and support programmes to empower the silver generation to lead richer and more independent lives,” Mr Lim added.
Mr Phillip Tan, Chairman for Community Chest, said: “It is heartening to see CapitaLand take the lead to give back and empower more lives by expanding the reach of its philanthropic arm to benefit vulnerable seniors, many of whom not only require support in terms of resources but also desire to be meaningfully engaged within the community. This timely partnership will bring greater synergy between Community Chest and CapitaLand to empower the lives of our seniors, enable them to remain integrated within the community and have access to critical services.”
CapitaLand Silver Empowerment Fund[1]
For the first project supported by the CSEF, CapitaLand will refurbish a senior-friendly community garden in Ang Mo Kio managed by AWWA Senior Community Home. The garden will be wheelchair-friendly and will provide an inclusive, shared space with placemaking initiatives, where the elderly can do gardening and interact with the rest of the community.
For the second project, CapitaLand will contribute towards the completion of a Community Hub (CH) in Ang Mo Kio. Conceptualised and developed by TOUCH Community Services, this new facility in an established and ageing neighbourhood is designed to promote resident independence and self-reliance to delay institutionalisation and facilitate ageing in place.
“Raffles City: Arts In the City Series X Disney’s ‘Mickey Go Local’”[2] Exhibition in support of President’s Challenge 2018[3]
CapitaLand has pledged S$300,000 to President’s Challenge 2018 through a partnership between Raffles City Singapore and The Walt Disney Company for the launch of ‘Mickey Go Local’ exhibition. At the event, President Halimah Yacob and Mr Lim Ming Yan unveiled their designs for Mickey Mouse. The S$300,000 contribution will go towards six charities – Ain Society, Boys Town, Care Community Services, Persatuan Permudi Islam
CapitaLand Volunteer Day
President Halimah also interacted with the children and elderly beneficiaries as well as CapitaLand staff volunteers at an art workshop followed by a volunteer appreciation reception at Raffles City Singapore in the afternoon.
Earlier in the day, 170 CapitaLand staff volunteers were involved in cleaning the homes of the elderly, celebrating an early National Day with food, music and games, bringing joy to about 500 vulnerable seniors as part of CapitaLand 6th Volunteer Day. Started in 2013, the annual volunteer event rallies staff to reach out to the communities CapitaLand operates in.
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[1] For more information about the community projects supported by CSEF, please refer to Annex A.
[2] For more information about the exhibition, please refer to Annex B.
[3] For more information about the six charities to benefit from CHF’s donation, please refer to Annex C.
- Annex A - CapitaLand Silver Empowerment Fund supported projects for 2018
- Annex B - “Raffles City: Arts In the City Series X Disney’s ‘Mickey Go Local’” Exhibition in support of President’s Challenge 2018
- Annex C - President’s Challenge charities that will benefit from CapitaLand Hope Foundation’s S$300,000 donation