Spotlight on Financial Support
27 Sep 2017
Over the past decade, financial donations by companies to Institutions of a Public Character (IPC) registered charities in Singapore have doubled from $325 million in 2004 to $644 million in 2013. This has given non profit organisations (NPOs) a very much welcome and key revenue stream to support their programmes, services and operations.
In fact, a report commissioned by NVPC identified cash donations were NPOs’ preferred type of corporate giving as donations helped to ensure their financial sustainability and could usually be directed in a flexible way to the areas of greatest need.