New Centre for Asian Philanthropy in Singapore

The Centre for Asian Philanthropy (CAP) was officially launched in Singapore in February 2008 amidst a rising tide of philanthropy in Asia. In Singapore alone, charities pulled in a record $820 million last year – a jump of more than 50 per cent from 2006. The first generation of ‘chequebook signing’ philanthropists is slowly being succeeded by a second generation of ‘high-engagement giving’ philanthropists. The purpose of setting up CAP is to facilitate such high-engagement giving in an effective and strategic manner as well as increasing levels of giving to community causes in Asia.