Donors & NP Fund

Thanks to the generosity of our philanthropic partners, we were able to continue to offer bursaries and grants to help our financially disadvantaged students and provide scholarships and prizes to recognise the successes of our outstanding students. In an unparalleled year​ marked by the coronavirus crisis, we would also like to give special thanks to the many organisations and individuals who stepped forward to contribute to our COVID-19 Fund, which was set up in May 2020 to help students affected by the pandemic.

Donors & Supporters

The Ngee Ann Kongsi, our longstanding philanthropic partner, donated $10 million in October 2020 to boost students’ learning. The money was used to fund various aspects of our students’ education, from awarding scholarships, bursaries and student aid grants, to supporting educational and student development programmes.

We are also grateful to the following organisations, as well as many individual donors, for contributing to our COVID-19 Fund:​

  • Astignes Capital Asia Pte Ltd
  • DLoh Strategic Development Pte Ltd
  • Flotech Controls Pte Ltd
  • Fo Guang Shan (Singapore)
  • GIC Private Limited
  • Kapps Consulting Pte Ltd
  • Mapletree Investments Pte Ltd
  • Tan Ean Kiam Foundation
  • The Community Foundation of Singapore
  • The Singapore Mint
  • UOL Group Limited
  • Woke Salaryman

In addition, we would like to thank the following individuals and organisations for donating bursaries, scholarships and student aid grants:

  • Agency for Science, Technology and Research
  • Arborleaf Pte Ltd
  • Centre for Strategic Infocomm Technologies
  • Dr Seow Onn Choong
  • Early Childhood Development Agency
  • ESR-REIT
  • Hong Leong Foundation
  • HSC Foundation
  • Info-communications Media Development Authority of Singapore
  • International Women's Forum
  • Jurong Engineering Limited
  • Lee Foundation
  • Lien Foundation
  • Ministry of Education
  • Motorola Solutions Foundation
  • Mr Benjamin Naden
  • Mr Choo Chiau Beng
  • Mr Koh Eng Pin
  • Mr Lee Nam Kwang
  • Mr Vikram Bansal
  • Mr Tan Wee Boon
  • Mrs Sharon Tay
  • Ms Koh Sauk Siang
  • Ms Koh Sauk Tai
  • Mr and Mrs Kevin Chua
  • Multiplex Control & Engineering Services Pte Ltd
  • Ngee Ann Alumni
  • Ngee Ann Polytechnic Students' Union
  • NTUC Income
  • PAP Community Foundation
  • Professor Ho Yew Kee
  • Public Utilities Board
  • Richard Lee Memorial Fund
  • Singapore Buddhist Lodge
  • Singapore Telecommunications Limited
  • SPH Chinese Media Group
  • Tan Agnes Jiannee Trust Fund
  • Tan Chin Tuan Foundation
  • The Estate of Dr Phay Seng Whatt
  • The Hongkong and Shanghai Banking Corporation
  • The Late Mr Giam Choo Huat
  • The Late Mr K C Lee
  • The Late Mr Ted de Ponti
  • The Late Ms Chan Lai Yee
  • The Late Ms Renee Chew Bee Neo
  • The Liu Yin Soon Trust Fund
  • The Shaw Foundation Pte Ltd
  • The Wan Boo Sow Family
  • Toh Kian Chui Foundation
  • Wee Hoe Cheng Chemicals Pte Ltd
  • Worldwide Hotels – Choo Chong Ngen Foundation

NP Fund

Background

The Ministry of Education has an Education Central Fund, which has been designated as an Institution of Public Character (IPC). NP Fund was established on 1 Apr 2003 as a member of this Education Central Fund. Under this membership, the NP Fund is allowed to issue tax-deductible receipts to donors. Donations received by the Polytechnic are channelled to this Fund.

Objectives of the Fund

The objectives of the NP Fund are as follows:

  • to receive gifts and donations for the advancement of education, including those that are for the setting up of Endowment Funds, the principal amounts of which will not be used;
  • to provide financial assistance through bursaries and grants to enable needy and deserving students to pursue their studies at the Polytechnic;
  • to recognise the achievements of outstanding Polytechnic students and graduates through award of scholarships and prizes;
  • to encourage research and development and to provide for staff development so as to keep abreast of changing technologies in industry and commerce;
  • to provide funds for the welfare and other social/educational activities of the students and staff of the Polytechnic;
  • to promote Ngee Ann Polytechnic as a tertiary institution and a centre for polytechnic education in Singapore; and
  • to provide for the construction and improvement to the buildings and facilities of Ngee Ann Polytechnic.

Management Committee

Our Council forms the Management Committee of NP Fund. The Chief Financial Officer (CFO) of the Polytechnic has been co-opted into the Management Committee as Treasurer of the Ngee Ann Polytechnic Fund. The Management Committee members who are the Council members, are eligible for re-appointments after the end of their current term. While the term of appointment for the Treasurer coincides with the terms of appointment of the Council, the Treasurer will not be re-appointed, in order to be in compliance with the code of Governance which stipulates a limit of 4 consecutive years for the Treasurer position. The position will be rotated between the Chief Financial Officer and the Deputy Director/Finance (Rev). The Management Committee and the Treasurer are not remunerated for their services rendered to NP Fund.

In FY2020/2021, the Management Committee comprises the following members:

AppointmentAppointment Name and Designation
Chairman Mr Tang Kin Fei
Chairman, SIA Engineering Company Ltd
Deputy Chairman Mrs Deborah Ong
Partner, PricewaterhouseCoopers LLP
Treasurer Mrs Christina Tay
Deputy Director/Finance (REV), Ngee Ann Polytechnic
MembersMembers are the Council members of Ngee Ann Polytechnic

Programmes and Activities

During the year, the key programmes and activities are the disbursements of scholarships, bursaries, grants and awards.

Conflict of Interest Policy

The Management Committee of the Fund and key management personnel of the Polytechnic make yearly confirmation on related party transactions. For transactions where they are in a position of conflict of interests, they will declare their interests and abstain from any decision making.

In line with disclosure requirements by the Charity Council, the Governance Evaluation Checklist disclosing the extent of its compliance with Code can be found at the Charity Portal website https:// www.charities.gov.sg.

Reserve Policy

The reserve that the NP Fund has set aside provides financial stability and the means for the development and execution of the NP Fund’s principal activities.

The Management Committee of the NP Fund reviews the amount of reserve annually, in conjunction with the review of annual budgets of the fund, to ensure that they are adequate to fulfil the NP Fund’s continuing obligation.

Audited Financial Statements

The financial statements of NP Fund can be found in the charity portal website: https://www.charities.gov.sg

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