Philanthropy Asia Alliance with over US$200M in commitments initiated in Singapore

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A new philanthropic initiative focused on the Asian region has been initiated in Singapore, counting US$200 million in funding commitments from early core members, partners, and supporters.

At the recent annual Philanthropy Asia Summit, Temasek Trust, the not-for-profit arm of Singaporean state holdings company Temasek, announced the initiation of the Philanthropy Asia Alliance. This includes early core members Bill & Melinda Gates Foundation, Dalio Philanthropies, Li Ka Shing Foundation, four companies of Sinar Mas, and Tanoto Foundation.

“The Philanthropy Asia Alliance signals changes we are seeing in the philanthropy ecosystem in Asia. The readiness to collaborate, bias for action, and new funding models mean our pooled resources will be flexible and nimble as we develop solutions that can scale good in Asia,” Temasek Trust chairperson Ho Ching said.

the Regional Energy Management Initiative, led by Clime Capital Management, focuses on Indonesia, Vietnam, and the Philippines to bring energy management technologies that could have considerable impact on emissions reduction.

 

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