CapitaLand Hope Foundation (CHF), the philanthropic arm of CapitaLand Group, has launched the second edition of the CapitaLand Community Resilience Initiative (CCRI). The announcement was made at this year’s Philanthropy Asia Summit, where CHF held a panel discussion themed “From Commitment to Impact: Catalysing Community Resilience Through Investing in Children and Youth”.
This year’s CCRI will have new funding of up to $4 million supporting 12 grantee organisations across China, India, Singapore and Vietnam to empower children and youth.
CHF’s commitment this year includes an initial mobilisation of $3.5 million and a new Outcomes Achievement Fund that selected grantees can unlock once they successfully deliver defined results. These grantees will work with CHF and AVPN, one of CCRI’s partners, to define said outcomes based on their proposals.
AVPN will work closer with the initiative this year by bringing a wide pool of quality applicants, due diligence, outcome monitoring, cross-regional learning and capacity building.
CCRI will also deepen its partnership with Philanthropy Asia Alliance (PAA), who will identify CCRI’s grantees with proven results. PAA will also tap on its network to further scale high-impact solutions.
“At CHF, we believe that investing in children and youth is one of the most powerful ways to build resilient communities. We are deepening our commitment to them with the second edition of CCRI this year. Our partnerships with 12 grantees across Asia and increased funding of up to $4 million, reinforce our focus on driving measurable, lasting impact,” says Tony Tan, executive director, CHF, and chief corporate officer, CapitaLand Development.
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“What makes this initiative distinctive is its willingness to invest in the capacity of non-profits, partner connections and collective intelligence that enable organisations to grow their good work. This is the kind of coordinated and strategic philanthropy that Asia needs,” adds Patsian Low, chief of markets & deputy CEO of AVPN.
The 12 grantees under CCRI will be announced in November. Applications are open till June 22.
