Singapore Temasek Trust Launches Philanthropy Asia Alliance with over $777 Million Pledges from More than 80 Global Members & Partners Including from Bill & Melinda Gates Foundation, Bloomberg Philanthropies, Dalio Philanthropies, The Rockefeller Foundation, Li Ka Shing Foundation & UBS Optimus Foundation, Temasek Trust Commits $100 Million to Support Ecosystem & Working Capital for Philanthropy Asia Alliance
16th September 2023 | Hong Kong
Singapore Temasek Trust has launched the Philanthropy Asia Alliance (PAA) with over $777 million pledges (S$1 billion) from more than 80 global members & partners including from Bill & Melinda Gates Foundation, Bloomberg Philanthropies, Dalio Philanthropies, The Rockefeller Foundation, Li Ka Shing Foundation & UBS Optimus Foundation. Temasek Trust has also committed $100 million to support the ecosystem and working capital for Philanthropy Asia Alliance (PAA). At the 3rd Philanthropy Asia Summit, PAA Chairman, Lim Boon Heng, announced that President of the Republic of Singapore Tharman Shanmugaratnam has accepted Philanthropy Asia Alliance invitation to be its Distinguished Patron. More info below.
” Singapore Temasek Trust Launches Philanthropy Asia Alliance with over $777 million Pledges from More than 80 Global Members & Partners Including from Bill & Melinda Gates Foundation, Bloomberg Philanthropies, Dalio Philanthropies, The Rockefeller Foundation, Li Ka Shing Foundation & UBS Optimus Foundation, Temasek Trust Commits $100 Million to Support Ecosystem & Working Capital for Philanthropy Asia Alliance “
Desmond Kuek, CEO, Temasek Trust: “Collaborative, collective action is key to tackling the interconnected and complex challenges confronting us. The opportunity for philanthropic capital to catalyse positive impact in Asia is immense, and the Philanthropy Asia Alliance will accelerate this. We will harness the strengths, ideas and best practices of members and partners to jointly pioneer philanthropic innovations to realise our bold ambitions as an Alliance to prime Asiaas a force for good.”
Lim Seok Hui, CEO, Philanthropy Asia Alliance: “The Philanthropy Asia Alliance is driven by the immense opportunity to mobilise collective action to catalyse and scale Asian solutions for the world. We will deepen our partnerships, harness our strengths, and forge new pathways to make the impossible possible. We welcome members and partners with the same ambition and bias for action to join us in this collaborative journey of giving and catalytic impact.”
Singapore President Tharman Shanmugaratnam: “Philanthropy Asia Alliance is a significant and much-needed initiative. The challenge we face is unprecedented – combining the need for bolder actions to tackle climate change with the imperatives of job creation and income growth in developing Asia. It can only be addressed through a whole new wave of innovations, in virtually every sector including farming. PAA will bring global and regional philanthropies together to work with governments, businesses, and other stakeholders to catalyse and scale up these innovations.”
Gargee Ghosh, President, Global Policy and Advocacy, Bill & Melinda Gates Foundation: “We are pleased to be a member of the Philanthropy Asia Alliance, partnering with Temasek Trust and other global and Asian philanthropies and organizations. We believe in the transformative power of collaborative philanthropy and envision PAA making enduring contributions to address the most important health and development challenges and cultivate a thriving philanthropic ecosystem to help accelerate progress across the region.”
Ray Dalio, Founder, Dalio Philanthropies: “My family and I have built many meaningful relationships over many years in Singapore, and we are excited to continue our partnership with Temasek Trust as a founding member of the Philanthropy Asia Alliance. With our long- standing commitment to ocean exploration and conservation, we are thrilled that one of the areas the Alliance will invest in is in the oceans and we will be supporting two ocean projects, including one led by the National University of Singapore and another led by Conservation International’s International Blue Carbon Institute. Through this Alliance, we look forward to supporting Singapore and the region to help do great things for the world.”
Deepali Khanna, Vice President, Asia Regional Office, The Rockefeller Foundation: “We are excited to partner with the Philanthropy Asia Alliance and join forces for transformational action in Asia, a region particularly vulnerable to climate change. Through our combined efforts and resources, we are committed to tackling the climate crisis.”
Maya Ziswiler, CEO, UBS Optimus Foundation: “It is clear to us that the challenges our world faces cannot be solved alone, and we are aligned with Philanthropy Asia Alliance’s ambitions to foster the impact ecosystem in Asia. As a global philanthropic thought-leader and pioneer in social finance, UBS Optimus Foundation seeks to harness the power of partnerships to drive transformative, scalable, and sustainable change for people and the planet.”
Raymond Ang, Global Head of Private & Affluent Banking, Standard Chartered: “Philanthropy Asia Alliance (PAA) is well-positioned to catalyse and deploy philanthropic capital where it is most needed, and we are very proud that Standard Chartered Trust (Singapore) Limited is a member of this meaningful initiative. We look forward to deepening our philanthropic collaboration with PAA and bringing together like-minded clients to create impact across Asia.”
Singapore Temasek Trust Launches Philanthropy Asia Alliance with over $777 million Pledges from More than 80 Global Members & Partners
Philanthropy Asia Alliance (PAA) will build capabilities, capacities, and communities in the philanthropic sector, and harness multi-sector partnerships to catalyse Asian solutions for global challenges. To date, over 80 and growing global members and partners from the Americas, the Asia-Pacific, Europe, and the Middle East have joined the Alliance. Collective PAA pledges have crossed S$1 billion (US$777M) to catalyse collective action for good. This includes Temasek Trust’s US$100M commitment to grow the ecosystem and support PAA’s working capital. PAA’s growing community includes:
- Americas: Bill & Melinda Gates Foundation, Bloomberg Philanthropies, C40 Cities, ClimateWorks Foundation, Conservation International, Dalio Philanthropies, Education Development Centre, Equinix Foundation, Evidence Action, Give2Asia, Mastercard Center for Inclusive Growth, OneSky, PATH, Population Services International, Resilient Cities Network, Roc360, Room to Read, The Rockefeller Foundation
- Asia-Pacific: Aboitiz Foundation Inc., Ayala Corporation, CareSpan Asia, CBC Group, Chaudhary Foundation, Clime Capital Management Pte Ltd, Climateworks Centre, Community Foundation of Singapore, DBS Foundation, Duke-NUS Medical School, Fast Retailing Foundation, Educate Girls, GKG Investment Holdings Pte Ltd, Goh Hup Jin, Gokongwei Brothers Foundation, Ho Ching, Hong Leong Foundation, IMC Pan Asia Alliance Pte Ltd, JOil, Jollibee Group Foundation, Li Ka Shing Foundation, Mapletree Investments, Minderoo Foundation, National Parks Board, National University of Singapore, Ng Teng Fong Charitable Foundation, PlanetRead, PT Triputra Agro Persada Tbk, Rici Foundation, Quantedge Foundation, Safe Water Gardens, Sembcorp Industries, SHEIN Group, Shiv Nadar Foundation, Sinar Mas, Southeast Asia Climate and Nature-based Solutions Coalition, Standard Chartered Trust (Singapore) Limited, Tanoto Foundation, Tara Climate Foundation, Temasek Foundation, Temasek Life Sciences Laboratory, Temasek Trust, Wing Tai Holdings Limited
- Europe and the Middle East: Badr Jafar, BirdLife International, Clean Air Fund, Community Jameel, Jameel Institute, Novo Nordisk Foundation, UBS Optimus Foundation, Vision Catalyst Fund, Wellcome Trust, World Economic Forum
Temasek Trust
Temasek Trust, established by Temasek Holdings, is a steward of philanthropic assets, advocate of sustainability and catalyst of positive impact. It provides governance and financial oversight of endowments for an ecosystem of entities with the shared purpose of building better for every generation by protecting the planet, uplifting communities, connecting people, and advancing capabilities. In forging new pathways for philanthropy and impact investing with like-minded partners, Temasek Trust aims to promote catalytic philanthropy as a force for good. For more information, visit www.temasektrust.org.sg
Philanthropy Asia Alliance
Philanthropy Asia Alliance (PAA) is a Temasek Trust initiative dedicated to catalysing collaborative philanthropy in Asia through dynamic multi-sector partnerships. By harnessing collective strengths, PAA multiplies impact, accelerates positive change, and takes urgent action to address the pressing environmental and social challenges of our time. PAA’s flagship programme is the annual Philanthropy Asia Summit, supported by Temasek Trust and Temasek Foundation. PAS features Calls to Action to foster innovation, drive momentum, and scale impact in addressing environmental and social challenges. For more information, visit http://philanthropyasiaalliance.org
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