Bank of Singapore Launches Philanthropy Platform Using Donor-Advised Funds
Bank of Singapore has launched the Legacy of Giving platform, which enables clients to organize charitable giving through donor-advised fund (DAF) structures. The DAFs are facilitated by Community Foundation of Singapore and TT Foundation Advisers, offering greater investment discretion for philanthropic capital. This collaboration combines CFS's governance frameworks with Bank of Singapore’s wealth planning services. The platform provides a range of options to suit different charitable goals, including bank-managed portfolios and grant-making DAFs without an investment component. Clients can also receive guidance from the bank’s Chief Investment Office for long-term giving strategies. CEO Jason Moo emphasized that this offering is professionally managed and backed by best practices in philanthropy. This initiative follows Bank of Singapore's recent launch of HELIOS, an AI system to streamline client onboarding processes.
Topics: Donor-Advised Funds (DAF) Philanthropy Wealth Planning