Charity
SINGHEALTH FUND
About
What does SINGHEALTH FUND do?
SINGHEALTH FUND is a charitable organization dedicated to promoting and providing health-related services that benefit the Singapore community as a whole. They aim to advance healthcare in Singapore by supporting research, education, innovation, patient safety, quality care, and financial assistance for those in need. Their mission is to facilitate medical innovation for better healthcare.
Founded
2017
People
kwek yung chiang kenneth, ho geok choo madeleine, kho min zhi, phillip tan eng seong, lim lean huat, fong kok yong, seng han thong, reto albert isenring, ng boon yew, low bee leng
Causes
EducationNo PovertyHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2017
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Improved access to health-related services for the Singapore community, promoting overall wellbeing and quality of life.
- Advancement of healthcare in Singapore through research, education, innovation, and patient safety initiatives.
- Financial assistance provided to patients in financial need, reducing medical debt burden and improving equity in access to care.
- Enhanced training and development opportunities for healthcare workers, fostering a more skilled and dedicated workforce that can provide better patient-centered care.
- Encouragement of medical innovation, leading to the introduction of new treatments, technologies, and practices that improve patient outcomes and shape the future of medicine in Singapore.
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 access to health-related services for the Singapore community, promoting overall wellbeing and quality of life.
- Advancement of healthcare in Singapore through research, education, innovation, and patient safety initiatives.
- Financial assistance provided to patients in financial need, reducing medical debt burden and improving equity in access to care.
- Enhanced training and development opportunities for healthcare workers, fostering a more skilled and dedicated workforce that can provide better patient-centered care.
- Encouragement of medical innovation, leading to the introduction of new treatments, technologies, and practices that improve patient outcomes and shape the future of medicine in Singapore.
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 | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 56,568,712 | 57,361,962 | 49,208,563 |
| Non Tax-Deductible | 115,789,596 | 49,836,965 | 21,473,623 |
| Total Donations in Cash | 172,358,308 | 107,198,927 | 70,682,186 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Kind | 0 | 0 | 0 |
| Government Grants | 0 | 0 | 0 |
| Investment Income | 1,655,674 | 131,495 | 10,930,391 |
| Programme Fees | 0 | 0 | 0 |
| Others Income | 207,873 | 84,388 | 488,552 |
| Total Receipts | 174,221,855 | 107,414,810 | 82,101,129 |
| Capital in Nature | 169,495,791 | 102,085,939 | 70,403,240 |
| Expenses | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 1,445,570 | 1,040,209 | 794,335 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 63,970,150 | 47,557,868 | 73,443,363 |
| Overseas (Direct & Support) | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | 63,970,150 | 47,557,868 | 73,443,363 |
| Expenses | |||
| Other Expenses | 8,585,755 | 4,664,228 | 1,232,311 |
| Total Expenditure | 74,001,475 | 53,262,305 | 75,470,009 |
| Balance Sheet | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 21,723 | 54,308 | 0 |
| Other Tangible Assets | 0 | 0 | 8,045 |
| Investments | 192,494,816 | 180,838,979 | 171,057,857 |
| Inventories | 0 | 0 | 0 |
| Account Receivables | 189,514,877 | 109,711,575 | 101,218,527 |
| Cash & Deposits | 152,064,635 | 136,068,265 | 98,339,814 |
| Other Assets | 3,112 | 28,633 | 22,898 |
| Total Assets | 534,099,163 | 426,701,760 | 370,647,141 |
| Funds | |||
| Total Unrestricted Funds | 55,499,681 | 59,384,029 | 61,082,039 |
| Total Restricted Funds | 322,763,934 | 237,801,278 | 300,804,050 |
| Endowments Funds | 137,995,359 | 118,853,287 | 0 |
| Total Funds and Reserves | 516,258,974 | 416,038,594 | 361,886,089 |
| Liabilities | |||
| Total Current Liabilities | 15,380,266 | 10,643,028 | 8,761,052 |
| Total Non-Current Liabilities | 2,459,923 | 20,138 | 0 |
| Total Liabilities | 17,840,189 | 10,663,166 | 8,761,052 |
| Total Funds and Liabilities | 534,099,163 | 426,701,760 | 370,647,141 |
| Other Information | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 0 | 0 | 0 |
| No. of Employees | 15 | 9 | 16 |
| Total Employee Cost | 1,799,419 | 1,915,378 | 1,517,268 |
| Fudnraisig Efficiency Ratio | 9 | 4 | 2 |
| Total Related Party Transactions | 82,020,244 | 3,997,058 | 60,646,729 |
People
At SINGHEALTH FUND, individuals work towards advancing healthcare services in Singapore by supporting research, education, innovation, patient safety, quality care, and providing financial assistance to those in need.
kwek yung chiang kenneth
ho geok choo madeleine
kho min zhi
phillip tan eng seong
lim lean huat
fong kok yong
seng han thong
reto albert isenring
ng boon yew
low bee leng
News
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