A new study has found that Singaporeans gave more to charity over the past decade despite the global financial meltdown and high-profile charity scandals here. Gifts to Institutions of a Public Character (IPCs) ? which can receive tax deductible donations ? doubled from $381 million in 2001 to $776 million in 2010. NUS raised an average of $96.2 million in donations each year in its past five financial years, while SMU collected an average of $24.3 million each year in its past three financial years. NTU has raised between $30 million and $45 million in donations annually since 2005, and last year, it received an additional $150 million from the Lee Foundation to fund a new medical school.
The Straits Times
