Non-profit sector doing well but 'gaps remain'

According to a new report on strategic philanthropy released by the Lien Centre for Social Innovation at SMU on Monday, Singapore's well-developed non-profit sector is ahead of those in other South-east Asian countries, and charitable donations by both individuals and institutions here have risen steadily over the past decade. Among the reasons cited are tax policies that allow individual donors to deduct 2.5 times the value of their donations to Institutions of a Public Character in their tax filings. The SMU report examines strategic philanthropy in four countries picked for their speedy growth – Indonesia, the Philippines, Singapore and Thailand – to see if rising wealth in these countries has translated into rising philanthropy.

Source
The Straits Times