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CapitaLand launches S$2m fund to empower vulnerable elderly in Singapore
AGAINST the backdrop of an ageing population, CapitaLand Hope Foundation - the philanthropic arm of CapitaLand - has set up a S$2 million fund with the aim of improving the quality of life for the vulnerable elderly in Singapore through deeper social integration, as well as better healthcare and living conditions.
The launch of the CapitaLand Silver Empowerment Fund marks the first time the foundation has expanded its mandate from helping underprivileged children to the vulnerable elderly, since its establishment in 2005.
The foundation will also partner Community Chest Singapore to identify, fund and volunteer in projects to support these vulnerable seniors aged 60 and above over the next three years.
The first two projects supported by the fund include the refurbishment of a wheelchair-friendly community garden where the elderly can do gardening and interact with the rest of the community, as well as the completion of a Community Hub in an ageing neighbourhood designed to promote independence and delay institutionalisation.
Both projects will take place in the Ang Mo Kio area, and will benefit over 2,600 elderly when completed, the group added.
The launch of the fund was officiated by President Halimah Yacob at Raffles City Singapore on Tuesday.
"Through the President's Challenge, we are building a more caring and inclusive society, and CapitaLand has been a committed supporter of this goal," she said.
"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."
Said president and CEO of CapitaLand Group, and CapitaLand Hope Foundation's director, Lim Ming Yan: "For over 10 years, CapitaLand has been supporting underprivileged children... 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 well-being of the vulnerable elderly, CapitaLand is looking forward to working together with long-time partners like President's Challenge and Community Chest to improve the quality of aged care in Singapore," Mr Lim added.
Community Chest chairman Phillip Tan also noted that it was heartening to see CapitaLand take the lead to give back and expand the reach of its charity 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".
Separately, Madam Halimah on Tuesday also launched the first "Mickey Go Local" campaign, which is a partnership between Raffles City Singapore and the Walt Disney Company in celebration of Mickey Mouse's 90th anniversary and Singapore's 53rd National Day.
At the event, CapitaLand pledged an additional S$300,000 to benefit six charities under the President's Challenge 2018.
The charities are: Ain Society, Boys Town, Care Community Services, Persatuan Permudi Islam Singapora, Rainbow Centre and the Society for the Aged Sick.
As part of Raffles City Singapore's long-running Arts in the City programme, the month-long campaign features a host of activities, including a public exhibition of 90 Mickey Mouse figurines designed Singapore-style by individuals from all walks of life.
To date, CHF has committed S$10,000 for the completed artwork by Madam Halimah, and S$2,000 per completed artwork by notable local personalities including JJ Lin, Nathan Hartono and Kit Chan.
The Mickey Mouse figurines will be displayed at Raffles City Singapore from Aug 1 to 29, and admission is free.