Month: February 2023

Singapore is a country that encourages philanthropy and charitable giving. In order to promote this culture, the government has introduced tax incentives for individuals and corporations who donate to registered charities.

The tax incentive is known as the Donation Tax Deduction (DTD) scheme. Under this scheme, donors can claim a deduction from their taxable income for the amount of money donated to a registered charity.

Who qualifies for DTD?

Individuals, sole proprietors, partnerships, and companies that are residents of Singapore are eligible for DTD. Non-residents and foreign companies do not qualify for DTD.

To be eligible for DTD, donations must be made to an Institution of Public Character (IPC) or a qualifying non-profit organization (QNPO). IPCs are charities that have been approved by the Commissioner of Charities while QNPOs are organizations that perform activities that benefit society in general.

How much can you claim under DTD?

The amount of tax deduction you can claim depends on your tax residency status and the type of donation made.

For individuals and corporate donors who are tax residents in Singapore, they can claim:

• 250% tax deduction on qualifying donations made from 1 January 2016 to 31 December 2021
• 300% tax deduction on qualifying donations made from 1 January 2022 to 31 December 2025
• 200% tax deduction on qualifying donations made from 1 January 2026 onwards

For corporate donors who are not residents in Singapore but have a permanent establishment in Singapore, they can claim:

• A deduction equivalent to the amount donated

What types of donations qualify for DTD?

Donations made in cash or kind (such as shares or property) are eligible for DTD. However, there are some restrictions on certain types of donations.

For example, if you donate artwork or artefacts which were purchased by you within three years before making the donation, you will only be able to claim a deduction based on the cost price of these items.

How do you claim DTD?

To claim DTD, donors need to submit their claims when filing their annual income tax returns with IRAS (Inland Revenue Authority of Singapore). Donors should also ensure that they obtain official receipts from the IPCs or QNPOs they donate to as proof of their donation.

In conclusion, Singapore’s Donation Tax Deduction scheme is a great incentive for individuals and corporations looking to give back to society. By donating to registered charities in Singapore, donors not only contribute towards good causes but also receive significant tax benefits.

Raising funds for charity can be a challenging task, but with a little creativity and planning, it can also be a fun and rewarding experience. Here are five creative ways to raise funds for a charity that can help you make a difference in the lives of those in need.

Organizing a charity run or walk

One of the most popular ways to raise funds for charity is by organizing a charity run or walk. This can be a great way to get people involved in the community and raise awareness about the cause you’re supporting. You can organize a 5k, 10k, or even a marathon, and ask participants to raise a certain amount of money for charity before the event. You can also encourage local businesses to sponsor the event or provide prizes for the top finishers. Additionally, you can use an online registration system, that helps you to keep track of the participants, and also make it easier for people to register and donate.

Hosting a benefit concert or talent show

Another fun way to raise funds for charity is by hosting a benefit concert or talent show. You can ask local musicians, comedians, or other performers to donate their time and talent to the cause, and charge admission to the event. You can also sell refreshments, merchandise, or raffle tickets to raise additional funds. Consider reaching out to artists who align with the cause that you are raising funds for, as it makes the event more impactful.

Planning a charity auction or raffle

A charity auction or raffle can be a great way to raise funds for charity. You can ask local businesses or individuals to donate items for the auction or raffle, and then sell tickets to the event. You can also set up an online auction or raffle to reach a wider audience and raise more money. To make the auction more engaging and fun, you can also offer a silent auction where items are displayed and people can bid on them anonymously.

Setting up a virtual fundraising campaign

In today’s digital age, setting up a virtual fundraising campaign can be a great way to raise funds for charity. You can use social media platforms, such as Facebook, Twitter, or Instagram, to promote the campaign and ask people to donate to the cause. You can also set up a crowdfunding page on websites like GoFundMe or Kickstarter, and ask people to contribute to the campaign. To make the campaign more successful, you can also share the stories of the people you are trying to help and encourage others to share it with their friends and family.

Partnering with local businesses for fundraising initiatives

Finally, partnering with local businesses for fundraising initiatives can be a great way to raise funds for charity. You can ask local businesses to donate a portion of their sales to the cause or to match donations made by customers. You can also ask local businesses to sponsor the event or provide prizes for the auction or raffle. It’s important to approach the businesses that align with the cause that you are raising funds for, as it makes the partnership more meaningful.

By using these creative ways to raise funds for charity, you can make a positive impact in the lives of those in need while also having a fun and rewarding experience. Remember to be patient, and persistent and keep in mind the cause you are raising funds for. And, don’t forget to thank the donors and participants, as this will build a sense of community and encourage others to participate in future events.

Introduction: The Importance of Inclusive Hiring

Inclusive hiring is the practice of actively seeking out and recruiting individuals with diverse backgrounds, including those with special needs. This approach not only promotes diversity and equal opportunity in the workplace, but it also brings a wealth of benefits to both the individuals and the organization as a whole.

Employing individuals with special needs can help to break down stereotypes and biases, creating a more inclusive and accepting workplace for all employees. It also helps to promote a culture of empathy and understanding within the organization. In addition, inclusive hiring can also help to create a more diverse and innovative workplace, as individuals with special needs may bring unique perspectives and ideas.

The Benefits of Employing Individuals with Special Needs

Individuals with special needs often possess unique skills and abilities that can greatly benefit an organization. They may have strong attention to detail, excellent memory, or the ability to think outside the box. In addition, they may have a deep understanding of the needs and perspectives of the community they come from.

Employing individuals with special needs can also help to create a more inclusive and accepting workplace for all employees. It also helps to promote a culture of empathy and understanding within the organization. Furthermore, it can also help to create a more diverse and innovative workplace, as individuals with special needs may bring unique perspectives and ideas.

How to Create an Inclusive Workplace

Creating an inclusive workplace starts with a commitment from leadership to promote diversity and inclusion. This can be achieved through training and education for all employees, as well as implementing policies and procedures that support and protect the rights of individuals with special needs.

It’s also important to ensure that the physical environment is accessible and accommodating for everyone, and providing the necessary accommodations and support for employees with special needs. This can include providing assistive technology, flexible work arrangements, and offering accommodations for individuals with disabilities.

Real-Life Examples of Successful Inclusion in the Workplace

There are many examples of organizations that have successfully implemented inclusive hiring practices. One well-known example is Microsoft, which has a dedicated inclusive hiring program that focuses on recruiting individuals with disabilities. This program has not only helped Microsoft to build a more diverse and inclusive workplace, but it has also helped the company to identify and develop new technologies and products that better serve individuals with special needs.

Another example is EY, an accounting and consulting firm, which has a dedicated program for hiring individuals with autism. This program has not only helped the company to attract talented individuals with autism, but it has also helped to create a more inclusive and understanding workplace for all employees.

Conclusion: The Positive Impact of Inclusive Hiring on Businesses and Communities

Inclusive hiring is not just the right thing to do, it’s also good for business. By actively seeking out and recruiting individuals with special needs, organizations can not only promote diversity and equal opportunity, but they can also gain access to a wealth of unique skills and abilities.

In addition, inclusive hiring helps to break down stereotypes and biases, creating a more inclusive and accepting workplace for all employees. It also helps to promote a culture of empathy and understanding within the organization. Furthermore, it can also help to create a more diverse and innovative workplace, as individuals with special needs may bring unique perspectives and ideas.

Inclusive hiring practices are beneficial not only for the individual but also for the organization and the community as a whole. It’s the right thing to do, and the benefits are clear. By promoting inclusive hiring, organizations can help to build a more inclusive and accepting society for all.

MINDS, a leading organization in Singapore, is dedicated to promoting inclusivity in the workplace. They believe that hiring individuals with special needs not only benefits the individual, but also enhances the workplace with diverse perspectives and skills. Minds’ objective is to provide equal employment opportunities and support their employees to reach their full potential. By embracing diversity, Minds is breaking down barriers and working towards creating a more inclusive society for all.