NUS, NTU and three mega churches are Singapore’s largest charities with business units

Nanyang Technological University has more than 12 subsidiaries, which offer training and consultancy services, and foster the collaboration, development and commercialisation of technology.
The National University of Singapore is the Republic’s most successful fund-raiser, collecting $227 million in donations in its financial year that ended in March last year. ST FILE PHOTO
The National University of Singapore is the Republic's most successful fund-raiser, collecting $227 million in donations in its financial year that ended in March last year.
New Creation Church's subsidiary Rock Productions partnered property giant CapitaLand to develop The Star (above), a shopping mall cum performing arts centre in Buona Vista that also provides its place of worship.ST FILE PHOTO
New Creation Church's subsidiary Rock Productions partnered property giant CapitaLand to develop The Star (above), a shopping mall cum performing arts centre in Buona Vista that also provides its place of worship.
Nanyang Technological University has more than 12 subsidiaries, which offer training and consultancy services, and foster the collaboration, development and commercialisation of technology. ST FILE PHOTO

Practice draws reminder from charities watchdog to keep relationships at arm's length

Half of Singapore's 10 largest charities by donations collected have business subsidiaries, a practice which has drawn a reminder from the charities watchdog that charities should keep the relationships at arm's length.

A check by The Sunday Times found these charities with business subsidiaries to be the National University of Singapore (NUS), Nanyang Technological University (NTU) and three mega churches, New Creation, City Harvest and Faith Community Baptist Church.

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A version of this article appeared in the print edition of The Sunday Times on July 21, 2019, with the headline 'Half of 10 biggest charities here have business units'. Print Edition | Subscribe