More than half of that went to The Straits Times School Pocket Money Fund which provides poor children with food at school, transport fares and stationery.
The newspaper's deputy editor Alan John received a $50,000 cheque from Singapore Polytechnic principal Tan Hang Cheong yesterday.
The fund aims to raise $5.7 million this year - up from $4.4 million last year - to help about 11,000 needy school-going children.
Mr Lim Cher Yam, director of the polytechnic's School of Architecture and the Built Environment, who is also chairman of the Singapore International Water Festival, said: 'During this economic downturn, school-going children may face hardship. So we decided to give to the ST School Pocket Money Fund because it has a wider spectrum of school-going kids.'
The Clementi Student Service Centre received $20,000 while the polytechnic's own Needy Fund got $16,000.