SINGAPORE - The Straits Times School Pocket Money Fund (SPMF) received a boost on Wednesday thanks to a donation of more than $26,000 from investment holding company 8I Holdings.
The amount was raised through ticket sales for the organisation's eighth anniversary dinner held at Sheraton Towers in August and donations from its former students.
Tickets to the dinner were sold at $88 each.
8I Holdings' General Manager, Pauline Teo said: "Our mission is about empowering growth, we want to benefit the underprivileged, especially children to go to school. The school pocket money fund will help them to continue their education. With education, they can change their lives and their future."
The Straits Times School Pocket Money Fund (STSPMF) was started in 2000 to support children from low income families to help them through school with expenses like buying a meal during recess or paying for transport.
Since its inception, the project has helped 140,000 children and youths in need, disbursing over $50 million.