At Ngee Ann Polytechnic, we believe no student should be denied an education because of their financial constraints. In addition, we give due recognition to talented students to allow them to scale greater heights and achieve multiple peaks of success. All this is possible with the support of our philanthropic partners.
The Ngee Ann Kongsi, a philanthropic foundation, donated $8.4m in September 2018. These funds help deserving students access a whole suite of developmental opportunities that the polytechnic has put in place, making their learning journey meaningful and enriching, and getting them better prepared for the global workplace.
We would also like to thank the following individuals and organisations for donating bursaries, scholarships and student aid grants:
(IPC Registration Number : IPC000541 UEN: T08CC3009A Charity Registration Date : 1 Apr 2003 Registered Address : 535 Clementi Road Singapore 599489)
Ngee Ann Polytechnic Fund (NP Fund) was established on 1 April 2003 as a member of the Education Central Fund of the Ministry of Education. Under this membership, the Fund is allowed to issue tax deductible receipts to donors. Donations received by Ngee Ann Polytechnic are channelled to the Fund.
The objectives of the Fund are as follows:
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 (Revenue).
The Management Committee and the Treasurer are not remunerated for their services rendered to NP Fund.
In FY2018/2019, the Management Committee comprises the following members:
During the year, the key programmes and activities include the following:
The reserve that the Ngee Ann Polytechnic (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 the reserve is adequate to fulfil the NP Fund’s continuing obligation.
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 the Code can be found at the charity portal website https://www.charities.gov.sg
The financial statements of NP Fund can be found in the charity portal website: