Download - Temasek Review 2012
Download - Temasek Review 2012
Download - Temasek Review 2012
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Making a Difference<br />
Over S$1b<br />
committed for<br />
community causes<br />
76<br />
<strong>Temasek</strong> <strong>Review</strong> <strong>2012</strong><br />
As individuals and as an institution, we have a stake in the<br />
well-being of our community, and a responsibility to exercise<br />
good stewardship.<br />
Since <strong>Temasek</strong>’s inception in 1974, we have committed over S$1 billion<br />
for community, philanthropic and public good causes.<br />
In 2003, we decided to set aside a portion of our excess returns above<br />
our risk-adjusted hurdles for community contributions.<br />
<strong>Temasek</strong> Trust<br />
We established <strong>Temasek</strong> Trust in 2007 to independently oversee<br />
the fi nancial management of <strong>Temasek</strong>’s philanthropic endowments<br />
and gifts, including the consequent disbursements to designated<br />
non-profi t benefi ciaries.<br />
Governed by a distinguished Board of Trustees, comprising Chairman<br />
Lee Seng Wee and Dr Richard Hu from Singapore, and Ratan Tata from<br />
India, the Trust funds the following non-profi t philanthropic organisations:<br />
• <strong>Temasek</strong> Education Foundation<br />
• <strong>Temasek</strong> International Foundation<br />
• <strong>Temasek</strong> Cares<br />
• <strong>Temasek</strong> Foundation<br />
• <strong>Temasek</strong> Life Sciences Laboratory<br />
• Singapore Millennium Foundation<br />
• Singapore Technologies Endowment Programme<br />
<strong>Temasek</strong> Education Foundation<br />
<strong>Temasek</strong> Education Foundation (TEF) has endowments totalling<br />
S$140 million to nurture young talent in the areas of sports, mathematics,<br />
science, arts and music.<br />
Three endowments of S$35 million each were named after Singapore’s<br />
pioneering leaders in recognition of their life-long contributions to<br />
nation building:<br />
• EW Barker Endowment to nurture sports excellence, including students<br />
and staff in the Singapore Sports School<br />
• Tay Eng Soon Endowment to advance science and mathematics, including<br />
students and staff at the NUS High School of Mathematics and Science<br />
• David Marshall Endowment to cultivate performing and fi ne arts, including<br />
students and staff at the School of the Arts Singapore<br />
In the area of music education, TEF supports the Singapore Symphony<br />
Orchestra and the Singapore Chinese Orchestra in their development and<br />
community outreach.
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