In 2021, the Ngee Ann Kongsi became Singapore's leading private donor, contributing $37.7 million to various charitable causes. The philanthropic organization, founded in 1845 by a group of Teochew leaders, secured the top spot in the 2022 list of Singapore's ten largest philanthropic organizations based on donations given.
The Lee Foundation, established by rubber tycoon Lee Kong Chian in 1952, took the second spot with a donation of $32.3 million in 2021. The report expanded its focus to include private philanthropy beyond foundations, excluding faith-based and government-affiliated grant-makers.
The ten largest groups among the 101 ranked organizations gave a total of $163 million in grants. Notably, four of the top ten are philanthropic arms of companies, and three are established by wealthy individuals or families. Two groups operate as donor-advised funds.
Vault268 was first launched in 2015 and is a collaboration between 268 Orchard and Ngee Ann Development, a subsidiary of Ngee Ann Kongsi. The building was designed by a well-acclaimed architect, Raymond Woo, who is known for his distinctive architectural style and projects such as The Ngee Ann City (1993). Our automated safe deposit box facility is one-of-a-kind and designed with discerning clients in mind. Learn more about how privacy meets protection at www.vault268.com.sg
(https://www.straitstimes.com/singapore/community/ngee-ann-kongsi-is-s-pore-s-top-private-donor-lee-foundation-takes-no-2-spot - original article summarised by ChatGPT 3.5)
Ngee Ann Kongsi is Top of 10 Largest Philanthropic Organisations
In 2021, the Ngee Ann Kongsi became Singapore's leading private donor, contributing $37.7 million to various charitable causes. The philanthropic organization, founded in 1845 by a group of Teochew leaders, secured the top spot in the 2022 list of Singapore's ten largest philanthropic organizations based on donations given.
The Lee Foundation, established by rubber tycoon Lee Kong Chian in 1952, took the second spot with a donation of $32.3 million in 2021. The report expanded its focus to include private philanthropy beyond foundations, excluding faith-based and government-affiliated grant-makers.
The ten largest groups among the 101 ranked organizations gave a total of $163 million in grants. Notably, four of the top ten are philanthropic arms of companies, and three are established by wealthy individuals or families. Two groups operate as donor-advised funds.
Vault268 was first launched in 2015 and is a collaboration between 268 Orchard and Ngee Ann Development, a subsidiary of Ngee Ann Kongsi. The building was designed by a well-acclaimed architect, Raymond Woo, who is known for his distinctive architectural style and projects such as The Ngee Ann City (1993). Our automated safe deposit box facility is one-of-a-kind and designed with discerning clients in mind. Learn more about how privacy meets protection at www.vault268.com.sg
(https://www.straitstimes.com/singapore/community/ngee-ann-kongsi-is-s-pore-s-top-private-donor-lee-foundation-takes-no-2-spot - original article summarised by ChatGPT 3.5)