Over 60% of NUS' $9.5b reserves in endowment funds

The size of the National University of Singapore's reserves has been the topic of a few letters from ST readers.
The size of the National University of Singapore's reserves has been the topic of a few letters from ST readers.PHOTO: ST FILE

$230m in investment returns from endowments and other donations used for operating expenses

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 or 62 per cent 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.

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A version of this article appeared in the print edition of The Straits Times on August 28, 2019, with the headline 'Over 60% of NUS' $9.5b reserves in endowment funds'. Print Edition | Subscribe