Ways to donate to Special Olympics Singapore
Special Olympics Singapore is a certified Institute of Public Character (IPC) organisation and all donations made toward SOSG are eligible for Tax deduction under IRAS (Please refer to https://www.iras.gov.sg/taxes/other-taxes/charities/donations-tax-deductions for full details). Please find below ways to make a meaningful donation to support the work of Special Olympics Singapore!
Special Olympics Singapore is available on the following donation platform: - Giving.sg (https://www.giving.sg/special-olympics-singapore) - Give.asia (https://give.asia/charity/special_olympics_singapore)
Complete the donation Form and mail together with a cheque payable to “Special Olympics Singapore” (no cash cheques allowed), to this address: Attn: Admin & Finance Dept Special Olympics Singapore Blk 2, St George's Road #01-65, Singapore 322002
Donations under Insurance Policy
Donations in the form of insurance Policy are also welcome whereby a donor can nominate Special Olympics Singapore as a beneficiary of his/her insurance policies. The donation will only be given to us after donor’s lifetime, hence it not affect his/her own lifestyle during their lifetime.
Donation under CPF savings
Donations in the form of CPF savings are also welcome whereby a donor can nominate Special Olympics Singapore as a beneficiary of his/her CPF savings, the insured sum under Dependants’ Protection Scheme (if any) or shares in an approved corporation. The donation will only be given to us after donor’s lifetime; hence it not affects his/her own lifestyle during their lifetime. CPF nomination forms can be downloaded here or obtained from any of the CPF offices. Donor shall sign the nomination in the presence of two adult witnesses. A marriage makes any earlier nomination invalid and a divorce will not automatically change the beneficiary.
Donation under Wills
We also welcome donations in the form of bequests contained in Wills whereby the donation will only be given to us after your lifetime. Many of our benefactors have found that this is a good way to make a significant contribution to the cause that is close to their heart, and yet not affect their own lifestyle during their lifetime. You may be pleased to know that donations in this form are also fully exempt from estate duty. Your lawyer will be able to advise you in this regard, although we will be most happy to liaise with you or your lawyers for this purpose.
Donation under Shares (only for Individual donors)
Gifts of public shares listed on the Singapore Exchange (SGX) or of units in unit trusts traded in Singapore to approved IPCs are tax deductible. Value of the Shares The approved IPC will determine the value of the donated shares or units. The value of the shares will be based on the price of the same type of shares or units in the open market, at the last transaction of such shares or units on the date of donation. Date of Donation The date of donation is the date on which the legal title is transferred to the approved IPC. Donation of options and shares with restriction on holding periods are not allowed under this donation scheme.