Temasek launches philanthropic platform to better serve community
TEMASEK on Tuesday unveiled a new philanthropic platform to "better serve the evolving needs of the community".
The new platform comprises Temasek Trust, six foundations and a new central services and support entity. The foundations will "strive towards achieving positive outcomes for individuals and communities" through 17 endowments.
The foundations and their strategic thrusts are:
• Temasek Foundation International (capability and capacity building)
• Temasek Foundation Cares (communities in Singapore)
• Temasek Foundation Connects (building bridges)
• Temasek Foundation Nurtures (education and professional development)
• Temasek Foundation Innovates (research and innovation)
• Temasek Foundation Ecosperity (sustainability)
To support the work of the philanthropic platform, a new entity - Temasek Foundation Management Services - has been created to provide a dedicated centre to drive collaboration, support the work of the foundations and promote synergies.
Temasek added that the new platform aims to enhance overall effectiveness by optimising resources in the delivery of programmes to beneficiaries, and to increase collaboration to achieve better outcomes.
Since Temasek's inception, over S$2 billion has been committed for community initiatives, which has enabled Temasek's non-profit philanthropic organisations to aid more than 300,000 people locally and across Asia.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’
US jobs growth slows in April; jobless rate up to 3.9%
Magnitude 6.0 quake strikes Philippines, aftershocks and damage expected
Indonesia to permanently relocate 10,000 people after Ruang volcano eruptions