| Temasek Review 2011

We committed over S$1 billion since inception, for community, philanthropic and public good causes, as part of our support for the wider communities in Singapore, Asia and beyond.

This commitment was further strengthened in 2003, when we decided to set aside a portion of our excess returns above our risk-adjusted hurdles as our community contribution.

Temasek Trust

We established Temasek Trust in 2007 to independently oversee the financial management of Temasek’s philanthropic endowments and gifts, including the endowment disbursements to approved non-profit beneficiaries. The Trust is an additional stakeholder with an interest in our continued success.

Governed by a distinguished Board of Trustees, comprising Chairman Lee Seng Wee and Dr Richard Hu from Singapore, and Ratan Tata from India, the Trust funds the following non-profit philanthropic organisations:

• Singapore Technologies Endowment Programme
• Singapore Millennium Foundation
• Temasek Life Sciences Laboratory
• Temasek Foundation
• Temasek Cares
• Temasek Education Foundation
• Temasek International Foundation

Temasek International Foundation

Temasek International Foundation is being set up to promote and advance regional scholarship and international fellowship. It oversees two endowment programmes named after Singapore’s pioneer leaders – the S$25 million S Rajaratnam Endowment and the S$35 million Hon Sui Sen Endowment.

Named in honour of the late S Rajaratnam, Singapore’s first Minister for Foreign Affairs, the Endowment focuses on exchange and fellowship programmes to deepen international friendship among the community of nations.

The Hon Sui Sen Endowment is named in honour of the late former Minister for Finance. This Endowment promotes the development of talented individuals in the financial industry in Asia, including policymakers, central bankers, market regulators and financial professionals in public service. It takes over the support of the Temasek Regional Regulators Scholarship Programme at the Wealth Management Institute.

Temasek Education Foundation

Temasek Education Foundation (TEF) was set up with an endowment of S$140 million. Its initial focus is to nurture young talents in the areas of sports, mathematics and science, as well as arts and music.

TEF currently supports three endowments named after Singapore’s pioneering leaders in recognition of their contributions to nation building:

• EW Barker Endowment to nurture young sporting talents including students and staff in the Singapore Sports School
• Tay Eng Soon Endowment to advance progress in science and mathematics, including students and staff in the NUS High School of Mathematics and Science
• David Marshall Endowment to cultivate talents in the arts, including students and staff at the School of the Arts Singapore

In the area of music education, TEF also supports the Singapore Symphony Orchestra and the Singapore Chinese Orchestra in their development and outreach.

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