Charity
METHODIST SCHOOLS' FOUNDATION
About
What does METHODIST SCHOOLS' FOUNDATION do?
Methodist Schools' Foundation supports education in Singapore by constructing, maintaining and improving school buildings, purchasing educational equipment, providing subsidies and grants for students, and organizing fundraising events to increase capital endowments.
Founded
1997
People
low suat tin joni, gordon cecil ignatius wong cheong weng, lee chong min, lim young sain joseph, wong taur jiun, ng yew tong, chia winnie, m manoharan, tay wee hiong jimmie, sie suh-ting
Causes
ChildrenEducationHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 1997
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Improved Education Quality: By providing educational subsidies, grants and bursaries for students in Methodist schools, the foundation can help improve the quality of education available to these students. This could lead to better academic performance and higher graduation rates among students from disadvantaged backgrounds.
- Increased Accessibility: The foundation's efforts to construct, maintain and improve school buildings and facilities make it easier for children from all socioeconomic backgrounds to access quality education in Methodist schools. This can help reduce educational disparities between different social classes.
- Supporting Disadvantaged Students: By providing financial assistance, the foundation helps ensure that students who cannot afford to pay full fees still have access to a good education. This could lead to more equitable distribution of opportunities and resources in society.
- Enc
Donation Income
Fundraising Efficiency
This indicates the cost to raise a single dollar. A lower cost suggests the charity is more efficient in its fundraising efforts.
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?
- Improved Education Quality: By providing educational subsidies, grants and bursaries for students in Methodist schools, the foundation can help improve the quality of education available to these students. This could lead to better academic performance and higher graduation rates among students from disadvantaged backgrounds.
- Increased Accessibility: The foundation's efforts to construct, maintain and improve school buildings and facilities make it easier for children from all socioeconomic backgrounds to access quality education in Methodist schools. This can help reduce educational disparities between different social classes.
- Supporting Disadvantaged Students: By providing financial assistance, the foundation helps ensure that students who cannot afford to pay full fees still have access to a good education. This could lead to more equitable distribution of opportunities and resources in society.
- Enc
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.
Fundraising Efficiency
This indicates the cost to raise a single dollar. A lower cost suggests the charity is more efficient in its fundraising efforts.
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 | Aug 2022 - Jul 2023(S$) | Aug 2021 - Jul 2022(S$) | Aug 2020 - Jul 2021(S$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | NaN | 64,927 | 1,015,982 |
| Non Tax-Deductible | NaN | 304,676 | 518,857 |
| Total Donations in Cash | NaN | 369,603 | 1,534,839 |
| Donations in Kind | |||
| Tax-Deductible | NaN | 0 | 0 |
| Non Tax-Deductible | NaN | 0 | 0 |
| Total Donations in Kind | NaN | 0 | 0 |
| Government Grants | NaN | 0 | 400,000 |
| Investment Income | NaN | 559,887 | 2,279,840 |
| Programme Fees | NaN | 0 | 0 |
| Others Income | NaN | 4,650 | 11,190 |
| Total Receipts | 0 | 934,140 | 4,225,869 |
| Capital in Nature | NaN | 0 | 40,000 |
| Expenses | Aug 2022 - Jul 2023(S$) | Aug 2021 - Jul 2022(S$) | Aug 2020 - Jul 2021(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | NaN | 800 | 19,215 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | NaN | 599,814 | 1,699,501 |
| Overseas (Direct & Support) | NaN | 0 | 0 |
| Charitable Activities/Programme Expenses | NaN | 599,814 | 1,699,501 |
| Expenses | |||
| Other Expenses | NaN | 59,489 | 60,620 |
| Total Expenditure | NaN | 660,103 | 1,779,336 |
| Balance Sheet | Aug 2022 - Jul 2023(S$) | Aug 2021 - Jul 2022(S$) | Aug 2020 - Jul 2021(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | NaN | 0 | 0 |
| Other Tangible Assets | NaN | 0 | 0 |
| Investments | NaN | 20,167,550 | 20,716,451 |
| Inventories | NaN | 0 | 0 |
| Account Receivables | NaN | 0 | 0 |
| Cash & Deposits | NaN | 1,706,791 | 3,115,149 |
| Other Assets | NaN | 1,936 | 2,537 |
| Total Assets | NaN | 21,876,277 | 23,834,137 |
| Funds | |||
| Total Unrestricted Funds | NaN | 2,678,596 | 2,417,823 |
| Total Restricted Funds | NaN | 0 | 0 |
| Endowments Funds | NaN | 18,840,881 | 19,947,391 |
| Total Funds and Reserves | NaN | 21,519,477 | 22,365,214 |
| Liabilities | |||
| Total Current Liabilities | NaN | 356,800 | 1,468,923 |
| Total Non-Current Liabilities | NaN | 0 | 0 |
| Total Liabilities | NaN | 356,800 | 1,468,923 |
| Total Funds and Liabilities | NaN | 21,876,277 | 23,834,137 |
| Other Information | Aug 2022 - Jul 2023(S$) | Aug 2021 - Jul 2022(S$) | Aug 2020 - Jul 2021(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | NaN | 599,814 | 1,699,501 |
| No. of Employees | NaN | 0 | 0 |
| Total Employee Cost | NaN | 0 | 0 |
| Fudnraisig Efficiency Ratio | NaN | 0 | 1 |
| Total Related Party Transactions | NaN | 0 | 0 |
People
At Methodist Schools' Foundation, individuals contribute towards supporting education in Singapore by constructing, maintaining, and improving school buildings, purchasing educational equipment, providing subsidies and grants for students, and organizing fundraising events to increase capital endowments.
low suat tin joni
gordon cecil ignatius wong cheong weng
lee chong min
lim young sain joseph
wong taur jiun
ng yew tong
chia winnie
m manoharan
tay wee hiong jimmie
sie suh-ting
News
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