We have a stake in the well-being of our community, and exercise good stewardship through community contributions in order to make a difference.
Since our inception in 1974, we have established 16 endowments. Our endowments and philanthropic entities aim to build people, build communities, build capabilities and rebuild lives. To date, they have touched the lives of more than 300,000 people in Singapore and Asia.
Temasek Trust was established in 2007 to independently oversee the financial management and disbursement of Temasek’s philanthropic endowments and gifts. Its Board of Trustees comprises Chairman S Dhanabalan, Euleen Goh and Ng Kee Choe from Singapore, and Ratan Tata from India.
Endowment gifts from Temasek are initially co-invested with Temasek. When the endowments reach critical mass, the Trust may appoint other third party fund managers approved by Temasek. The Trust is responsible for the disciplined disbursement of the endowments to designated non-profit philanthropic organisations (NPPOs) on a sustainable basis. In turn, the NPPOs are charged with fulfilling their respective community mandates.
Temasek Foundation (TF)
Supported by Temasek’s largest endowment, TF partners Singapore and international institutions to support the building of social and human capital in Asia.
TF seeks to build people through education and health care; build institutions through governance, public administration and urban management; build bridges among Asia’s diverse communities through networks of exchange for students, journalists, leaders and others; and rebuild lives and livelihoods of communities affected by natural disasters by boosting their disaster response capabilities. Since May 2007, TF has supported 303 programmes in 20 countries across Asia.
Set up in 2009, Temasek Cares is a Singapore-based charity focused on improving the lives of underprivileged individuals, families and communities in Singapore, especially those with unmet needs.
Temasek Cares has since sponsored over S$41 million in grants to fund 95 programmes, including pilot programmes for new services. These have directly touched more than 29,000 lives in the community, including those with physical disabilities or requiring psychological support, children with learning, developmental and traumatic challenges, abused women and their children, single parents, and the elderly requiring long term care.
Temasek Cares manages other community endowments on behalf of Temasek. These include the Balaji Sadasivan Endowment for healthcare services, the Ee Peng Liang Endowment for social services, and the Temasek Emergency Preparedness Fund or T-PREP Fund for community emergency resilience and recovery. Through the T-PREP Fund and the Stay Prepared initiatives, more than 1.2 million households including 65,000 vulnerable children and elderly in the community are better prepared for emergencies.
A Life to Remember
Singapore Technologies Endowment Programme (STEP)
Now in its 19th year, STEP helps youth in Asia to build friendships and contribute to their education. Its popular Sunburst Youth Camp has hosted more than 2,200 teenage students since 1998, including over 700 students from Singapore. Since 2013, STEP has organised the Sunburst Environment Programme to raise awareness among youth on environmental sustainability in Asia.
TLL is well recognised for biomolecular science research and applications that aim to benefit people and to create positive impact to society. Its primary focus on understanding the cellular mechanisms underlying the development and physiology of plants, fungi and animals is the foundation for biotechnology innovation. In 2015, TLL scientists published 74 papers in peer-reviewed journals, with about 30% in high impact journals. Over the last 13 years, TLL has made more than 80 discoveries, of which about half have been licensed.
Fruit flies: Our Key to Healthy Aging?
Singapore Millennium Foundation (SMF)
Established in 2001, SMF funds research relevant to Singapore, covering mental health, Parkinson’s disease, liver and lung cancer, ageing and palliative care, pedagogy and special needs education, and non-medical bioscience. In 2008, SMF broadened its mandate to cover institutional programmes, and has since granted a total of S$47 million, for programmes in education and research institutions, and hospitals. SMF has been a key sponsor of the Lee Kuan Yew Water Prize since 2008, which honours individuals or organisations with major contributions in solving the world’s water challenges.
Temasek Education Foundation (TEF)
TEF supports programmes that nurture young talent in the areas of sports, mathematics and science, arts, and music. TEF has endowments totalling S$150 million, including the TEF Sunburst Scholarship and three S$35 million endowments named after Singapore’s pioneering leaders, EW Barker, Tay Eng Soon and David Marshall. The Singapore Symphony Orchestra and Singapore Chinese Orchestra endowments are also supported by TEF.
The S$100 million endowment, named after Singapore’s first and longest-serving Foreign Minister, promotes development, peace and stability in Asia through programmes and partnerships targeted at business and political leaders. Its flagship programme, the Singapore Forum, focuses on geostrategic, politico-economic and governance issues impacting regional development and stability. The endowment also supports other programmes such as the Asia Society – S Rajaratnam Endowment Asia Rising Dialogue and the Youth Model ASEAN Conference.
Hon Sui Sen Endowment
Named after the former Singapore Minister for Finance, the late Hon Sui Sen, the S$35 million endowment focuses on developing talented individuals in the financial industry in Asia, including policymakers, central bankers, market regulators and financial professionals in public service.