ABOUT THE SINGAPORE LSE TRUST
Introduction
The Singapore LSE Trust was launched in 2004 to help Singaporeans who demonstrate "all -round excellence" but have some financial needs to pursue their dream of studying at the LSE. The Trust has the distinction of being the first charitable trust of its kind established in Singapore by an overseas University.
Alumni give so that Singaporeans who have gained admission to the LSE can have that added means to study at a world-renowned academic institution that is the LSE. Gifts to the Trust will provide direct undergraduate scholarships to Singaporean students.
The Trust believes education is the greatest social leveller, and by enabling others to walk the same passageways we used to and have benefitted from is perhaps one of the most meaningful gifts from all alumni.
The Study Award
The applicant of the Study Award has to first gain admission to the LSE, and must be a Singapore citizen.
The applicant goes through two rounds of rigorous assessment:
1. By the LSE’s Financial Support Office to ensure that the prospective recipient has a genuine financial need coupled with the applicant’s ability to have sufficient other sources of funds (e.g. family savings, borrowings, part-time work arrangements etc) and
2. By the Trustees of The Singapore LSE Trust to ensure that the prospective recipient is “someone special” – defined as having a hunger for learning, wanting to pursue their dream of studying at the LSE, possessing a drive that says quite categorically “if given a chance, I will make it” and possessing a certain grace and gratitude that says “I will give back to others when I make it”.
As of 31 March 2012, the Trustees have agreed to focus on undergraduates only as we believe that the needs are greater at this level and that helping here can make a bigger difference to the recipients. Successful applicants can expect to receive £10,000 per annum or £30,000 in total.
Tax-Deductible Donation
As an Institution of Public Character, all donations to the Singapore LSE Trust enjoy a double-tax deduction i.e. for every $1,000 donated, $2,000 will be deducted from the taxpayers’ chargeable income.
It was announced in Budget 2009 and 2010 that all donations that qualify for double tax deductions and made in calendar year 2009 and 2010 (i.e. 1 January 2009 to 31 December 2010) would temporarily qualify for 2.5 times tax deduction. To encourage greater charitable giving in Singapore as the economy recovered, the Minister for Finance announced in Budget 2011 that tax deduction of 2.5 times will be extended for another five years to donations made from 1 January 2011 to 31 December 2015.
Trustees
The Trustees of the Singapore LSE Trust include the following distinguished alumni:
1. Ms. Jane Ittogi, Board Member of National Heritage Board and Chair of Singapore Art Museum (Chairperson)
2. Mr. Collin Tseng-Liu, Chief Operating Officer of Baker & McKenzie (South-east Asia) (Secretary-cum-Treasurer)
3. Mr. Lim Ho Kee, Chairman of SingPost
4. Mr. Ong Ye Kung, Deputy Secretary-General at National Trades Union Congress
5. Mr. Tan Suee Chieh, Chief Executive Office of NTUC Income
6. Mr. Low Check Kian, Chairman, Cluny Park Investments
7. Mr. Desmond Lim, Director, Les Amis Group
8. Mr. Eugene Ooi, Partner at Allen & Gledhill LLP
9. Mr. Eugene Lai, Partner at Southern Capital Group
10. Ms. Patricia Yeo, Director of Hong Leong Group
11. Mr. Wong Yew Meng, Board Member of Public Utilities Board
Governance
As of 31 March 2012, more than $550,000 has been raised and this has enabled the establishment of ten scholarships (both undergraduate and postgraduate) at the LSE. In adhering to the highest standards of governance, all donations to the Trust are made by cheque and the Trustees receive neither a fee nor an allowance from the Trust to keep expenses related to the work of the Trust to an absolute minimal. With the generosity and support of alumni who have contributed both in cash and in kind, the Trust has to date no expenses other than the direct funding of scholarships. Notwithstanding, in keeping with the best practices of handling and recording, all charitable donations and accounts are audited and filed annually by PricewaterhouseCoopers, Singapore.
Endowed Scholarship Fund Brochure
Click here to download brochure (1.97MB pdf)
Making a Donation
There are two ways in which alumni can make a donation:
1. One-Time Gift
2. Recurring Pledge
We encourage alumnus to sign-up for the recurring pledge to allow us to continually build and sustain our income that would allow the Trust to fund deserving undergraduate aspirants on an annual basis.
To make a contribution, please fill out either; a One-Time Donation Form or Interbank GIRO Form
Queries & Information
For further queries, please contact Collin Tseng-Liu at .(JavaScript must be enabled to view this email address)
The Singapore LSE Trust was launched in 2004 to help Singaporeans who demonstrate "all -round excellence" but have some financial needs to pursue their dream of studying at the LSE. The Trust has the distinction of being the first charitable trust of its kind established in Singapore by an overseas University.
Alumni give so that Singaporeans who have gained admission to the LSE can have that added means to study at a world-renowned academic institution that is the LSE. Gifts to the Trust will provide direct undergraduate scholarships to Singaporean students.
The Trust believes education is the greatest social leveller, and by enabling others to walk the same passageways we used to and have benefitted from is perhaps one of the most meaningful gifts from all alumni.
The Study Award
The applicant of the Study Award has to first gain admission to the LSE, and must be a Singapore citizen.
The applicant goes through two rounds of rigorous assessment:
1. By the LSE’s Financial Support Office to ensure that the prospective recipient has a genuine financial need coupled with the applicant’s ability to have sufficient other sources of funds (e.g. family savings, borrowings, part-time work arrangements etc) and
2. By the Trustees of The Singapore LSE Trust to ensure that the prospective recipient is “someone special” – defined as having a hunger for learning, wanting to pursue their dream of studying at the LSE, possessing a drive that says quite categorically “if given a chance, I will make it” and possessing a certain grace and gratitude that says “I will give back to others when I make it”.
As of 31 March 2012, the Trustees have agreed to focus on undergraduates only as we believe that the needs are greater at this level and that helping here can make a bigger difference to the recipients. Successful applicants can expect to receive £10,000 per annum or £30,000 in total.
Tax-Deductible Donation
As an Institution of Public Character, all donations to the Singapore LSE Trust enjoy a double-tax deduction i.e. for every $1,000 donated, $2,000 will be deducted from the taxpayers’ chargeable income.
It was announced in Budget 2009 and 2010 that all donations that qualify for double tax deductions and made in calendar year 2009 and 2010 (i.e. 1 January 2009 to 31 December 2010) would temporarily qualify for 2.5 times tax deduction. To encourage greater charitable giving in Singapore as the economy recovered, the Minister for Finance announced in Budget 2011 that tax deduction of 2.5 times will be extended for another five years to donations made from 1 January 2011 to 31 December 2015.
Trustees
The Trustees of the Singapore LSE Trust include the following distinguished alumni:
1. Ms. Jane Ittogi, Board Member of National Heritage Board and Chair of Singapore Art Museum (Chairperson)
2. Mr. Collin Tseng-Liu, Chief Operating Officer of Baker & McKenzie (South-east Asia) (Secretary-cum-Treasurer)
3. Mr. Lim Ho Kee, Chairman of SingPost
4. Mr. Ong Ye Kung, Deputy Secretary-General at National Trades Union Congress
5. Mr. Tan Suee Chieh, Chief Executive Office of NTUC Income
6. Mr. Low Check Kian, Chairman, Cluny Park Investments
7. Mr. Desmond Lim, Director, Les Amis Group
8. Mr. Eugene Ooi, Partner at Allen & Gledhill LLP
9. Mr. Eugene Lai, Partner at Southern Capital Group
10. Ms. Patricia Yeo, Director of Hong Leong Group
11. Mr. Wong Yew Meng, Board Member of Public Utilities Board
Governance
As of 31 March 2012, more than $550,000 has been raised and this has enabled the establishment of ten scholarships (both undergraduate and postgraduate) at the LSE. In adhering to the highest standards of governance, all donations to the Trust are made by cheque and the Trustees receive neither a fee nor an allowance from the Trust to keep expenses related to the work of the Trust to an absolute minimal. With the generosity and support of alumni who have contributed both in cash and in kind, the Trust has to date no expenses other than the direct funding of scholarships. Notwithstanding, in keeping with the best practices of handling and recording, all charitable donations and accounts are audited and filed annually by PricewaterhouseCoopers, Singapore.
Endowed Scholarship Fund Brochure
Click here to download brochure (1.97MB pdf)
Making a Donation
There are two ways in which alumni can make a donation:
1. One-Time Gift
2. Recurring Pledge
We encourage alumnus to sign-up for the recurring pledge to allow us to continually build and sustain our income that would allow the Trust to fund deserving undergraduate aspirants on an annual basis.
To make a contribution, please fill out either; a One-Time Donation Form or Interbank GIRO Form
Queries & Information
For further queries, please contact Collin Tseng-Liu at .(JavaScript must be enabled to view this email address)