President's Challenge establishes $40m fund to recruit and develop senior volunteers

SINGAPORE - To help more senior citizens volunteer as part of active ageing, the President's Challenge is establishing a Silver Volunteer Fund. This will help organisations recruit and develop senior volunteers.

The Tote Board has pledged $10 million to the fund, and the President's Challenge will aim to raise $10 million, too, via donations. This money will be matched by the Government - capped at $20 million - bringing the fund to $40 million in total.

The fund is the first initiative to be launched under the Action Plan for Successful Ageing.

The target is to have 50,000 more seniors taking part in voluntary activities by 2030.

There is also a new award category to recognise senior volunteers in the annual President's Volunteerism and Philanthropy Awards.

The Silver Volunteer Fund was announced by President Tony Tan Keng Yam on Friday at the opening of the National Senior Volunteer Month.

"Through senior volunteerism, older Singaporeans can be a positive new social force in our nation building beyond SG50, helping to drive our nation forward in the years to come," said Dr Tan.