Charity
CHUA FOUNDATION
About
What does CHUA FOUNDATION do?
What does CHUA FOUNDATION do? The CHUA FOUNDATION is dedicated to relieving distress and hardship among the poor, needy, and underprivileged through strategic partnerships and sustainable initiatives that improve their wellbeing. Founded in honor of Mdm Seah Sar's values of giving back to society, we aim to educate, empower, and transform lives for a better future.
Founded
2015
People
chua wee-chern, chiam tao koon, lau kam yuen
Causes
No PovertyHealth & WellnessEducationHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2015
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Relieving distress and hardship among poor, needy, and underprivileged individuals by providing financial assistance and support.
- Improving the wellbeing of disadvantaged communities through sustainable programs and initiatives.
- Empowering beneficiaries to reach their full potential by addressing their needs holistically.
- Encouraging collaboration among like-minded organizations to drive awareness, innovation, and solutions for underfunded causes.
- Fostering an inclusive community that values giving back to society and helping those in need.
- Educating the younger generation about the importance of philanthropy through community projects and volunteer opportunities.
Donation Income
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financials
Donation Income
What are the donations used for?
- Relieving distress and hardship among poor, needy, and underprivileged individuals by providing financial assistance and support.
- Improving the wellbeing of disadvantaged communities through sustainable programs and initiatives.
- Empowering beneficiaries to reach their full potential by addressing their needs holistically.
- Encouraging collaboration among like-minded organizations to drive awareness, innovation, and solutions for underfunded causes.
- Fostering an inclusive community that values giving back to society and helping those in need.
- Educating the younger generation about the importance of philanthropy through community projects and volunteer opportunities.
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financial Information
Source: Charity PortalCharities and IPCs are required to prepare the financial statements in accordance to the Charities (Accounts and Annual Report) Regulations and the Charities (Institutions of A Public Character) Regulations, where applicable. The financial statement is available online for latest 3 financial years.
| Receipts | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 4,004,000 | 3,150,000 | 2,770,000 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Cash | 4,004,000 | 3,150,000 | 2,770,000 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Kind | 0 | 0 | 0 |
| Government Grants | 1,007 | 47 | 400,000 |
| Investment Income | 1,269,808 | 1,681,436 | 935,428 |
| Programme Fees | 0 | 0 | 0 |
| Others Income | 0 | 0 | 0 |
| Total Receipts | 5,274,815 | 4,831,483 | 4,105,428 |
| Capital in Nature | 0 | 0 | 0 |
| Expenses | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 772,304 | 820,763 | 1,372,873 |
| Overseas (Direct & Support) | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | 772,304 | 820,763 | 1,372,873 |
| Expenses | |||
| Other Expenses | 1,396,202 | 56,100 | 9,321 |
| Total Expenditure | 2,168,506 | 876,863 | 1,382,194 |
| Balance Sheet | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 0 | 0 | 0 |
| Other Tangible Assets | 996 | 1,261 | 0 |
| Investments | 20,172,960 | 17,860,199 | 14,404,191 |
| Inventories | 0 | 0 | 0 |
| Account Receivables | 0 | 2,337 | 0 |
| Cash & Deposits | 3,941,799 | 3,263,600 | 2,775,099 |
| Other Assets | 25 | 144 | 288 |
| Total Assets | 24,115,780 | 21,127,541 | 17,179,578 |
| Funds | |||
| Total Unrestricted Funds | 24,110,238 | 21,109,478 | 17,176,839 |
| Total Restricted Funds | 0 | 0 | 0 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 24,110,238 | 21,109,478 | 17,176,839 |
| Liabilities | |||
| Total Current Liabilities | 5,542 | 18,063 | 2,739 |
| Total Non-Current Liabilities | 0 | 0 | 0 |
| Total Liabilities | 5,542 | 18,063 | 2,739 |
| Total Funds and Liabilities | 24,115,780 | 21,127,541 | 17,179,578 |
| Other Information | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 772,304 | 820,763 | 1,372,873 |
| No. of Employees | 2 | 2 | 2 |
| Total Employee Cost | 103,704 | 48,191 | 1,694 |
| Fudnraisig Efficiency Ratio | 0 | 0 | 0 |
| Total Related Party Transactions | 4,004,000 | 3,150,000 | 2,770,000 |
People
At CHUA FOUNDATION, individuals work towards relieving distress and hardship among the poor, needy, and underprivileged through strategic partnerships and sustainable initiatives that improve their wellbeing. The foundation aims to educate, empower, and transform lives for a better future in honor of Mdm Seah Sar's values of giving back to society.
chua wee-chern
chiam tao koon
lau kam yuen
News
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