VISION
To be the leading source of philanthropic giving for the conduct of humanitarian services in Singapore from funds raised by Lions Clubs from the public.
MISSION
To be the central organization for fiscal resources generated by Lions fund-raising activities and to extend the scope of tax exempt donations to Lions causes in Singapore beyond services to the elderly.
The Lions Foundation was established to harness the fiscal resources generated by Lions fund raising activities through a central organization. This would unite Lions in their community service efforts and maximize the value of the funds application. By pooling all funds raised, the Lions would derive higher returns on their fund.
The Foundation would also be able to extend the scope of Lions fund raising activities with tax exemption privileges beyond that raised for services to the elderly, such as Lions Home for the Elders and Lions Befrienders.
In furtherance of its objects stated in the LCSF Constitution & By Laws, LCSF aims to raise funds to support any relief work and community service projects and activities carried out by the Lions Clubs in the District in advancing their club charter obligations.
These include, and are not limited to the following:
- Bursaries and Study Awards to deserving and needy students through Lions clubs
Note: The Singapore Lions Education Fund was established by the District on 25 October 2008 at a District Meeting for the purpose of establishing scholarships, bursaries or other schemes for financial assistance with institutions of learning in Singapore for the benefit of deserving recipients. - Financial assistance to destitute individuals or families in need
- Administering of funds raised by clubs for disaster relief.
- Local application of LCI programmes:
- Lions Quest. A school-based, comprehensive positive youth development and preventive programme that unite the home, school and community through life skills, character education, civic values, drug prevention and service learning education. Two such programmes have been conducted by the Lions clubs in Singapore, working in conjunction with local school teachers and principals. Programme Trainers from overseas have been sponsored to conduct the programmes.
- Lions Gift of Sight
- Communication aids/assistive devices for individuals with speech and hearing impairment
- Free/Subsidise public health screening project
- Other local charity that currently enjoys IPC status eg Children societies.
Currently all non tax exempt funds raised for the Lions Foundation that has not been designated to any specific charity will go towards establishing the Foundation’s Endowment Fund (initial target $30 million). It is envisaged that the income from the Endowment Fund would be used to fund Lions service activities in Singapore including Lions Home, Befrienders and other Lions projects.
Most importantly, centralising Lions fund raising activities under the banner of the Lions Foundation would eliminate public confusion in competing Lions charitable causes and encourage donors’ loyalty
Sources of Fund
The Lions Foundation receives fund from the following sources:
- All Lions pay an annual subscription of a maximum $10 per year to the Foundation as part of our district dues.
- $162,724.29 transferred from the former District Foundation, being the Singapore Lions Clubs’ share of fund when we became a separate district together with subsequent annual subscription from Singapore Lions up to 30 June 2003.
- Funds raised by Lions Clubs in our District.
- Direct Donations to the Foundation.
- Income such as Interests earned from existing Accumulated Fund and in future the Endowment Fund.
- Total Accumulated Fund (audited) in the Foundation as at 30 June 2010 was $599,894.00. Click here for the latest Financial Statement.
