Overview

DBS Foundation is Singapore’s first foundation dedicated to growing innovative social enterprises / businesses for impact. In 2014, DBS Foundation was launched with SGD 50 million fund, in conjunction with Singapore’s 50th birthday, to mark the bank’s commitment to championing social entrepreneurship in Asia.

With the pandemic upending livelihoods and casting a spotlight on a wide range of social and environmental issues, the bank announced in Feb 2022 an additional SGD 100 million commitment to further DBS Foundation’s efforts to improving lives in Asia and creating impact beyond banking, as well as support other philanthropic and crisis relief measures by the bank.

The additional funds will deepen DBS Foundation’s work with social enterprises through its “Business for Impact” chapter, as well as create a new “Community Impact” chapter through which to bolster the bank’s contributions to the community via giving and volunteerism efforts.

In recognition of its efforts to nurture social enterprises in Singapore and the region, DBS was named the inaugural winner of the “Social Enterprise Champion of the Year (Corporation)” award at the President’s Challenge Social Enterprise Awards (PCSEA) 2019.

 

Our History

 

Our Impact

To date, DBS Foundation has given out over SGD 10 million in grants to more than 90 businesses, and nurtured 800 others in Singapore, Hong Kong, India, Indonesia, Taiwan and China through its development programmes. With a ‘One Bank’ approach to working with these businesses, we leverage and channel the bank’s resources to provide wide-ranging support in the form of skills-training, capacity-building, and opening doors to business and networking opportunities, among others.

We support social enterprises engaged in various social and environmental causes, such as children and youth, women and girls, elderly, disabilities and special needs, rural communities, healthcare, urban poor, environment, capacity building, and heritage and culture.

The Community Impact chapter will bolster the bank’s contributions to the community via giving and volunteerism efforts in the areas of education, elderly, and the environment, as well as addressing the region’s increasingly pressing societal issues.

At the onset of the pandemic in 2020, we created the SGD 10.5 million DBS Stronger Together Fund and provided 4.5 million meals and care packs, as well as medical supplies, to help communities hard-hit by Covid-19. As the fight against Covid-19 raged on in 2021, the bank donated 1,000 oxygen concentrators to Indonesia, and three cryogenic oxygen tanks and 300 oxygen concentrators to India.

We also have an active volunteerism programme, DBS People of Purpose, with employees contributing 100,000 volunteering hours and reaching out to over 390,000 beneficiaries in 2021 alone.

Partner with DBS Foundation to champion the causes of social enterprises across Asia.

Our Approach

ADVOCATE for social enterprises

We build awareness through regional and local events and competitions, bootcamps, workshops, learning forums, and collaborations with like-minded ecosystem partners. Read more about our past programmes and events to see how DBS Foundation champions businesses for good. 

NURTURE to scale impact

Promising social enterprises at various stages of growth are supported through grant funding, customised programmes and mentorship to help them build capacity and expand market reach and gain access to a regional network of social enterprises through DBS Foundation.

INTEGRATE with DBS’ culture and operations

We work across DBS' six key markets to engage employees in solving challenges faced by social enterprises via skills-based volunteering, introduce procurement of social enterprise offerings, and are the first bank in Singapore to offer a Social Enterprise Banking Package.

Thank you. Your feedback will help us serve you better.

Was this information useful?

Thank you for your feedback
Let us know how this article helped:
We're sorry to hear that.
We're sorry to hear that
Enter only letters, numbers or @!$&-/()',.