The ReachAble Fund

Tuesday, November 19, 2013

In mid 2013, BridgeAble created the concept of a grant fund (the 'Reachable Fund' or the 'Fund') with a targeted corpus amount of S$100,000. 

Team BridgeAble started its outreach to donors comprising predominantly new members of the Indian community in Singapore. Within three weeks, more than the targeted corpus amount of S$100,000 was achieved. The Fund was closed in the last week of September 2013 at S$114,000. The Fund is being housed in and managed by SINDA. 

The Reachable Fund was created for deployment to certain clients of SINDA's Family Services and Counselling Centre. These clients fall within gap areas of need that are not already serviced by existing financial schemes/funds.

The closing of the Fund was followed by a ceremonial signing of a Memorandum of Understanding between SINDA and BridgeAble at SINDA’s offices. The event was presided over by SINDA President, Senior Minister of State for Law and Education, Ms Indranee Rajah and SINDA CEO Mr T. Rajasegar. Donors and the press attended the event which was interactive with Minister Rajah and representatives of BridgeAble and SINDA as speakers. 

Importantly, the fund raising process and continued interaction with donors aims at engaging new members among the Indian community in Singapore eventually leading to a potentially more integrated community. 

BridgeAble was honoured to have received an award from the hands of Guest of Honour, Prime Minister Lee Hsien Loong at SINDA's annual Deepavali Light up Ceremony held on September 27, 2013. This award was given to a handful of organisations, each of whom had raised more than a certain threshold amount of funds for SINDA’s work. 

Finally, BridgeAble believes the Fund will be the first of its kind in Singapore and is of the view that it could be replicated across different communities.