Media Releases
Tote Board Social Service Fund Receives a $301.9 million Boost
30 April 2013
Cheque presented to National Council of Social Service in Support of Key Social Programmes at the official opening of the new Singapore Pools building.
(from left to right) Hsieh Fu Hua, President of NCSS; Koh Choon Hui, Deputy Chairman of Singapore Pools; Bernard Chen, Chairman of Singapore Pools; Minister of State for Finance and Transport Josephine Teo; Acting Minister for Social and Family Development and Senior Minister of State for Defence Chan Chun Sing; Tan Soo Nan, Chief Executive of Tote Board and CEO of Singapore Pools; and Moses Lee, Chairman of Tote Board.
Tote Board is pleased to announce that it is contributing a further $301.9 million to the Tote Board Social Service Fund (TBSSF), for a period of three years, from FY2013 to FY2015.
Administered by the National Council of Social Service (NCSS), the Fund supports critical and strategic social service programmes for the needy and disadvantaged, capability enhancement initiatives to uplift social service standards, and capital projects of Voluntary Welfare Organisations (VWOs).
This donation represents the fourth and largest tranche of funds being channelled to the TBSSF. First set up in 2006, the Fund has seen a steady increase in support from Tote Board through the years, with a total amount of $624.70 million pledged to date.
The Board’s increase in funding reflects the increasing need for social services in Singapore, caused by issues arising from an ageing society, changes in the social fabric of families, combating higher costs of living, the need to provide better support to people with disabilities and continued support to uplift the capabilities of VWOs in Singapore.
Mr Moses Lee, Chairman of Tote Board, presented the $301.9 million cheque to President of NCSS, Mr Hsieh Fu Hua, at the official opening of the new Singapore Pools Building on 28 April 2013.