My wife and I have struck a windfall.

Congrats!

Congrats! Can consider SSB and FD in the mean time

Besides what had been suggested. You can consider those single premium endowment policies that the insurance companies launch from time to time. They are typically 2- to 3-year product and interest rate is better than FD.

For donations, go to giving.sg and choose charities with IPC status. When you are on the donation page of a campaign, there will be an icon indicating TDR to be issued (this means the charity has IPC status). You can input the amount you would like to donate. For tax deductible donation, you need to provide your name (as in NRIC) and NRIC number. The tax relief will be auto reflected in your income tax assessment next year. You do not have to take any further action.

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Instead of putting all 10k into 1 charity, I recommend supporting a few so that different groups of people can receive support. It's very easy to select an organisation, indicate the amount and add to cart. You can see the total amount in your cart and make adjustments. You will have a record of the donations in your account which you can download as Excel file and save it for reference.

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These are good and reputable organisations for your consideration:

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iCare Hub - provision of temporary shelter programme to help homeless women, ex-offenders and women in recovery from addictions

https://www.giving.sg/ic-re-hub-ltd-

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Pro Bono SG - protect and empower vulnerable and marginalised individuals through legal education and pro bono legal advice and representation https://www.giving.sg/probonosg

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Babes - offers support to pregnant teenagers by proactively providing information and community resources that facilitate responsible decision making https://www.giving.sg/babes-pregnancy-crisis-su...

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Singapore Red Cross - homegrown humanitarian organisation dedicated to relieve human suffering, protect lives and dignity and respond to emergencies since 1949

https://www.giving.sg/singapore-red-cross-society

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