Universities' billion-dollar reserves spark questions on how much in donations is enough

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.
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

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.

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