Varsities' billion-dollar reserves: No easy answer to how much is enough

The National University of Singapore collected $227 million in donations in its financial year that ended in March last year. It had reserves of $9.5 billion and an investment income of $620 million for the year. The NUS has its own in-house teams to
The National University of Singapore collected $227 million in donations in its financial year that ended in March last year. It had reserves of $9.5 billion and an investment income of $620 million for the year. The NUS has its own in-house teams to manage its investment portfolio, investing its endowment and reserves in a diversified portfolio of assets and markets.ST PHOTO: GAVIN FOO

But smaller charities have to vie against unis with their well-staffed fund-raising drives

Universities here have billions in reserves, which generate millions in investment income each 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. It had reserves of $9.5 billion and an investment income of $620 million for the year.

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A version of this article appeared in the print edition of The Sunday Times on July 28, 2019, with the headline 'Varsities' billion-dollar reserves: No easy answer to how much is enough'. Print Edition | Subscribe