For subscribers
Universities' billion-dollar reserves spark questions on how much in donations is enough
Sign up now: Get ST's newsletters delivered to your inbox
NUS and NTU are two of the three universities in a list by the Straits Times of the top 10 wealthiest charities by donations and their business subsidiaries. SUTD is also on the list.
PHOTOS: ST FILE
Janice Tai, Theresa Tan
Follow topic:
SINGAPORE - Universities here have billion dollar reserves, which generate millions in investment income a year, as they continue to top the class when it comes to raising funds.
Singapore's most successful fund-raiser, the National University of Singapore (NUS), collected $227 million in donations in its financial year that ended in March last year.
