You can establish a foundation in your own name or any name of your choice and you may choose to be involved in the grant-making and project review process.

You can set up a foundation with full administrative support from Credit Suisse, and make donations as and when you wish. You can also choose to make a lifetime contribution. Besides cash donations, SymAsia is also able to receive non-cash donations in the form of property, public and private shares, artwork, etc.

Singapore taxpayers enjoy double tax deduction for cash donations made through SymAsia to approved Institutions of a Public Character (IPC) in Singapore. This tax deduction of 2.5 times applies to all cash donations made till 31 December 2021.

For non-cash donations, clients can also receive 2.5 times tax deduction once these assets are transferred into their foundation under SymAsia, if their long-term intention is to donate towards Singapore IPCs:  

• Public shares listed on SGX or units in unit trusts traded in Singapore
• Works of art under the Public Art Tax Incentive Scheme
• Land or buildings

Through our Board of Directors – our highest management and oversight body comprising renowned individuals with a wealth of experience in the non-profit sector – and an experienced philanthropy team, we ensure your donations are disbursed according to your philanthropic interests and grantees are accountable for the donations received. We will also provide you with regular reporting on the use of your donations.

All the administrative and operational costs of SymAsia Foundation are fully borne by Credit Suisse. 100% of your donations go to your selected charitable causes, ensuring optimum impact for your donations.

Accorded non-profit organization status by the Singapore EDB (Economic Development Board), SymAsia is a charitable foundation registered and incorporated as a company limited by guarantee with the Accounting and Corporate Regulatory Authority (ACRA) of Singapore. It is subject to supervision by ACRA and governed by the Singapore Companies Act. SymAsia is subject to annual external statutory audits by an international public accounting firm. An internal Audit Committee chaired by a Board member has also been set up to provide additional governance and oversight. As SymAsia is not a bank or financial institution, it is not regulated by the Monetary Authority of Singapore (MAS).