ONLINE job portal STJobs will donate $150,000 towards the Institute of Technical Education (ITE) endowment fund - set up by the Nanyang Technological University - which provides financial assistance to ITE's needy students.

The website, run by Singapore Press Holdings, will present the cheque to Nanyang Technological University at the NTU Fest on Saturday, which is being held to raise money for its fellow institution.

STJobs is also a sponsor of the free carnival, which will be held at The Padang. It will run from 2pm to 9pm and be launched by Education Minister Heng Swee Keat, who will also flag off a 4.8km run which passes through Esplanade Park and Fort Canning Hill. Runners must pay a $10 entry fee.

Korean rapper Kang Gary - one of seven hosts on Korean entertainment show Running Man - will perform at the carnival with his female singing partner Jung-In.

NTU and ITE students will run food, games and activity booths to raise money for the fund.