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. PHOTOS: ST FILE
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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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