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Over 60% of $9.5b NUS reserves in endowment funds
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The size of the National University of Singapore's reserves has been the topic of a few letters from ST readers.
PHOTO: ST FILE
Kristelynn Lim, Theresa Tan
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SINGAPORE - The National University of Singapore (NUS) has shed some light on its $9.5 billion reserves, saying that about $230 million in investment returns from its endowment funds and from non-endowed donations is spent on operating expenditure for education, bursaries and research in the financial year that ended in March last year.
To be specific, $5.9 billion of its $9.5 billion reserves is in endowment funds. This means that the principal sum in the endowment cannot be touched, only the income generated from investing the sum can be used.
