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<TABLE border=0 cellSpacing=0 cellPadding=0 width=452><TBODY><TR><TD vAlign=top width=452 colSpan=2>Published June 26, 2009
</TD></TR><TR><TD vAlign=top width=452 colSpan=2>Temasek's anniversary gift - a new charity
By JOANNE TANG
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TEMASEK Holdings has formed a new charity that benefits the underprivileged in Singapore - to commemorate the investment company's 35th anniversary. The charity, called Temasek Cares CLG Limited, will be supported by an endowment of $100 million.
'As a long-term investor, we have an interest in the lives of the people in the countries in which we invest,' said Temasek chairman S Dhanabalan yesterday. 'Successful communities are part and parcel of the economic and social well-being of a nation. They enhance the long-term prospects for businesses and investors.'
He said that Temasek Cares would 'support programmes to build people, build capabilities, build communities and rebuild lives'. 'The aim is to identify and support those who are under-served by existing programmes, and help them and their care-givers acquire skills and capabilities for a better future.'
A Temasek spokesman also explained that the idea of establishing Temasek Cares has always been part of a longer-term plan and was not developed in response to the financial crisis.
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</TD></TR></TBODY></TABLE>Temasek Cares will partner non-profit and charitable organisations in the Singapore philanthropic community to develop programmes or deliver services, particularly to cover those who are under-served by existing programmes. It is targeting to disburse $2 million annually to the non-profit and charitable organisations that it is partnering. However, as its seven-strong board - chaired by Richard Magnus - has yet to meet, details of which organisations they will be working with and what initiatives will be introduced remain under wraps.
Temasek Cares is the latest addition to the Temasek family of philanthropic organisations.
Temasek Foundation, for example, is focused on developing human and social capital in Asia. And Singapore Technologies Endowment Programme, Singapore Millennium Foundation and Temasek Life Sciences Laboratory focus on cultivating talent and knowledge creation.
</TD></TR></TBODY></TABLE>
</TD></TR><TR><TD vAlign=top width=452 colSpan=2>Temasek's anniversary gift - a new charity
By JOANNE TANG
<TABLE class=storyLinks border=0 cellSpacing=4 cellPadding=1 width=136 align=right><TBODY><TR class=font10><TD width=20 align=right>
</TD><TD>Email this article</TD></TR><TR class=font10><TD width=20 align=right></TD><TD>Print article </TD></TR><TR class=font10><TD width=20 align=right></TD><TD>Feedback</TD></TR></TBODY></TABLE>TEMASEK Holdings has formed a new charity that benefits the underprivileged in Singapore - to commemorate the investment company's 35th anniversary. The charity, called Temasek Cares CLG Limited, will be supported by an endowment of $100 million.
'As a long-term investor, we have an interest in the lives of the people in the countries in which we invest,' said Temasek chairman S Dhanabalan yesterday. 'Successful communities are part and parcel of the economic and social well-being of a nation. They enhance the long-term prospects for businesses and investors.'
He said that Temasek Cares would 'support programmes to build people, build capabilities, build communities and rebuild lives'. 'The aim is to identify and support those who are under-served by existing programmes, and help them and their care-givers acquire skills and capabilities for a better future.'
A Temasek spokesman also explained that the idea of establishing Temasek Cares has always been part of a longer-term plan and was not developed in response to the financial crisis.
<SCRIPT language=javascript> <!-- // Check for Mac. var strAgent; var blnMac; strAgent = navigator.userAgent; strAgent.indexOf('Mac') > 0 ? blnMac = true:blnMac = false; if (blnMac == true) { document.write('
'); } //--> </SCRIPT><TABLE border=0 cellSpacing=0 cellPadding=4 width=300 align=right><TBODY><TR><TD vAlign=top align=middle>
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Temasek Cares is the latest addition to the Temasek family of philanthropic organisations.
Temasek Foundation, for example, is focused on developing human and social capital in Asia. And Singapore Technologies Endowment Programme, Singapore Millennium Foundation and Temasek Life Sciences Laboratory focus on cultivating talent and knowledge creation.
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