According to a 2021 report, 9 out of 10 family offices in Asia Pacific are involved in philanthropy, disbursing on average USD $4 million each over 12 months. As Singapore endeavours to be a philanthropic hub in Southeast Asia, what are the ways to enhance the philanthropy ecosystem here? Desmond Teo, Private Tax & Family Enterprise Leader, EY APAC weighs in on the schemes announced in Budget 2024 and shares his perspectives on taxation and philanthropy in Singapore.