Asia Community Foundation Ltd. (UEN: 20223763M) (“ACF”) is incorporated in Singapore as a public company limited by guarantee.
The Board of ACF takes overall responsibility for directing and supervising the affairs of ACF, and to ensure its proper and effective operation in accordance with its Constitution and all relevant regulations. ACF affirms its accountability towards its partners and stakeholders, and is committed to upholding robust governance standards and processes. While not a strict legal requirement. ACF endeavours to keep abreast of, and in compliance with the guidelines as laid down in the Code of Governance for Charities and Institutions of Public Character, as may be revised from time to time. ACF has obtained, and shall continue to maintain its permit to conduct fund-raising appeals for foreign charitable purposes (“FRFCP”) from the Office of the Commissioner of Charities in Singapore. ACF does not conduct any public fund-raising activities.
The Board of Directors takes overall responsibility for the work of the organisation. The Board is responsible for the governance of ACF. It ensures that ACF is effectively and properly run and meets its overall purposes as set out in its constitution. Board meetings are held quarterly, where the Directors meet to take collective action.
The responsibilities of the board include:
Furthering ACF’s overall purpose by setting its direction and strategy and monitoring its progress.
Ensuring the work of the charity is effective, responsible and legal.
Monitoring the income and expenditure, and ensuring resources are used solely to further ACF’s objectives and that ACF is financially sustainable.
Being accountable to funders, donors and regulators.
Ensuring that ACF is appropriately staffed to carry out the work of the organisation.
Ensuring Board and organisational effectiveness.
ACF has in place policies and procedures to manage and avoid situations of conflict of interest. All Board and committee members are required to make declarations of conflict of interest to ACF at the start of their terms, annually, and as soon as such conflict or the possibility of such conflict arises. Conflicted individuals may participate in discussions but do not vote or engage in any form of decision-making on matters where they have a conflict of interest. All employees are also required to make declarations of conflict of interest at the point of hire and as soon as the possibility of such conflict arises to ensure that all parties will act in the best interests of ACF.
The Board reviews and approves the annual budget prepared by management. All extra-budgetary expenditure beyond the delegated management authority is reviewed and approved by the Board. The operating and capital expenditure budget is regularly monitored.
ACF is committed to disclosing audited annual financial statements that give an accurate and fair review of ACF’s finances, and to ensuring that they are in accordance with the requirements as specified by the regulatory bodies.
There are written policies and procedures for financial matters in key areas, which includes procurement and controls, receipt, payment procedures, controls and system for the delegation of authority and limits of approval.
ACF regularly assesses its key risks, and internal audits are conducted regularly on key aspects of our operations.
ACF takes into consideration the possible consequences that Money Laundering and Terrorist Financing may have on the integrity and stability of the financial sector and the broader economy. We take preventive measures to combat activities by maintaining high financial transparency through proper accounting and internal control procedures and maintaining good administrative, managerial and policy controls over our operations.
Donors wishing to establish donor-advised funds with ACF go through stringent Know-Your-Donor checks. Similarly, our grantees go through our Know-Your-Grantee screening before they are eligible to receive grants from ACF.
Asia Community Foundation (“ACF”) is committed to protecting and safeguarding your personal data.
This Privacy Statement sets out the basis on which ACF will process any personal data we collect from you, or that you provide to us. The term “personal data” refers to personally identifiable data about you, such as your name, birth date, email address or mailing address, and any other information that is identified with you personally. Please read the following carefully to understand our views and practices regarding your personal data and how we will treat it.
We collect your personal data when you provide it to us, such as when you submit any forms, when you correspond with us (e.g., via our website or email), and other situations in which you have chosen to provide information about you to us. In providing any personal data to us, you warrant that such information is accurate and complete.
We will not use your personal data for purposes other than what we have informed you or which are permitted under local laws and regulations. We may share necessary data with other partner organisations, so as to process the information in a most efficient and effective way, unless such sharing is prohibited by law.
We will retain control of and responsibility for the use of any personal data you disclose to us only as necessary for any business or legal purposes. Such data shall remain in our possession or the possession of data intermediaries acting on our behalf. To safeguard your personal data, all electronic storage and transmission of personal data is secured with appropriate security technologies.
This site may contain links to non-ACF sites whose data protection and privacy practices may differ from ours. We are not responsible for the content and privacy practices of these other websites and encourage you to consult the privacy notices of those sites.
By visiting this website, you signify you have read and accepted this Privacy Statement. If you do not agree to this Privacy Statement, please do not access or use this website.
ACF is committed to have an open and transparent culture with the highest standards of integrity, honesty, and accountability.
In keeping with this, our Whistleblowing Policy aims to provide a means through which volunteers, donors and the general public could, in good faith and without malice, raise legitimate concerns about any serious wrongdoing/malpractices particularly in relation to fraud, controls, and ethics.
Examples of areas of concern include:
Impropriety, corruption, acts of fraud, theft and/misuse of company’s properties, assets, or resources
Conduct which is an offence or breach of law
Serious conflict of interest without disclosure
Breach of ACF’s policies
General malpractice such as immoral, illegal or unethical conduct
Concealing information about any of the above malpractice or misconduct
Any other serious improper conduct that may cause financial or nonfinancial loss to ACF or damage its reputation
Manifestation of intention to mislead, deceive, or fraudulently influence any internal or external auditor in connection with the preparation, examination, audit or review of any financial statements or records of ACF.
Confidentiality of Identity
Every effort will be made to protect the whistleblower’s identity, which shall remain confidential unless disclosure is necessary. In which case disclosure shall be made with consent, and to the extent necessary and only to such persons on a need-to-know basis.
Submission of Complaint
If you would like to submit a complaint, please write to: email@example.com, and we will get back to you on this.
You may also submit your concerns by mail to:
Private & Confidential
For the Attention of Chairman
Asia Community Foundation
352 Tanglin Road
Tanglin International Centre #01-07