Divya Patel, chief operating officer, Ishk Tolaram

Singapore-based Ishk Tolaram Foundation sees its peers in Asia increasingly putting their resources to work as impact investors, even as philanthropy remains a key aspect of its operations. But, foundations are also clear-eyed about where their capital goes.

“Quite a few foundations in Singapore are thinking more innovatively about how they want to make a difference,” Divya Patel, chief operating officer of Ishk Tolaram, the philanthropic arm of the family-owned conglomerate Tolaram Group, told DealStreetAsia in an interview.