First launched in 2015, the Charity Transparency Framework (CTF) aimed to improve transparency and accountability in the charity sector. In 2016, the inaugural Charity Transparency Awards was held to recognise charities who had performed well in their disclosure practices based on the CTF’s Charity Disclosure Scorecard. The Charity Council initiated a review in 2019 to refine the CTF’s relevance and applicability for charities, as well as to align the framework with the refined Code of Governance issued in 2017. The revised CTF was issued in November 2020.
The CTF with its Charity Disclosure Scorecard act as a guide to help charities take active steps to improve charity transparency. The scorecard also serves as a self-diagnostic tool for charities to assess themselves against identified good disclosures standards. It is not mandatory.
You may download the documents below:
For a more comprehensive understanding of the framework, charities are encouraged to refer to the following resources:
Other relevant resources available:
About the Charity Transparency Award and Charity Governance Award
The Charity Transparency Award (CTA) and Charity Governance Awards (CGA) recognises charities that have adopted good transparency and governance standards. An initiative of the Charity Council, the awards aim to promote good transparency and governance in the charity sector by acknowledging the excellent work of charities, while inspiring others to emulate their best practices.
Eligibility Criteria for the Charity Transparency Awards
To qualify for the Charity Transparency Awards, charities must meet the following criteria:
- - Be a registered charity and/or an Institution of a Public Character (IPC) which has been in operation in Singapore for at least three years;
- - Have submitted their Annual reports (AR), Financial Statements (FS) and Governance Evaluation Checklist (GEC) on time for the two immediate preceding financial years; and
- - Have gross annual receipts of not less than $50,000 in the immediate preceding financial year.
Upon meeting all eligibility criteria, charities may submit their awards participation form here.
[Note to Charities: The link will be made available during the awards participation period starting 1 May 2021 to 31 Oct 2021]
Charities are to fill up the form based on the charities’ disclosures in its FY20 Annual Report, Financial Statements, Governance Evaluation Checklist that were submitted on the Charity Portal, as well as information on the charities’ official website, facebook page or other social media platforms (if applicable).
As for the Charity Governance Award and its assessment process, more information will be shared in the later part of 2021.