Charity
THE MAJURITY TRUST LIMITED
About
What does THE MAJURITY TRUST LIMITED do?
The Majority Trust Limited is a charitable organization based in Singapore that supports various causes, including philanthropic grants to local charities and non-profit organizations, community development, education advancement, arts promotion, and relief for those in need due to youth, age, illness, disability, financial hardship or other challenges. Their vision is a thriving and sustainable community for all Singaporeans, while their mission is to catalyze change, foster collaboration, promote creativity, and pursue the common good with compassion.
Founded
2018
People
kenneth kan shung kei, wong mun hoong, mark (huang minxiong, mark), yong ming chong (yang mingzhang), kuik shiao-yin, yew wen suen elaine, seow soo keng eugene
Causes
No PovertyHealth & WellnessEducationHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2018
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Support for local charities and non-profit organizations, promoting their sustainability and growth.
- Encouragement of community development and integration through various initiatives and programs.
- Promotion of education advancement and arts & heritage preservation, enriching the cultural landscape in Singapore.
- Providing relief for disadvantaged individuals or groups facing challenges due to youth, age, ill-health, financial hardship, or other factors.
- Fostering a sense of shared purpose among community members and promoting collaboration between different sectors (public, private, people).
- Catalyzing change through innovative solutions that address social issues and improve the quality of life for all Singaporeans.
- Advocating for the common good by prioritizing compassionate actions that benefit
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?
- Support for local charities and non-profit organizations, promoting their sustainability and growth.
- Encouragement of community development and integration through various initiatives and programs.
- Promotion of education advancement and arts & heritage preservation, enriching the cultural landscape in Singapore.
- Providing relief for disadvantaged individuals or groups facing challenges due to youth, age, ill-health, financial hardship, or other factors.
- Fostering a sense of shared purpose among community members and promoting collaboration between different sectors (public, private, people).
- Catalyzing change through innovative solutions that address social issues and improve the quality of life for all Singaporeans.
- Advocating for the common good by prioritizing compassionate actions that benefit
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 | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 4,207,142 | 2,403,527 | 4,142,675 |
| Non Tax-Deductible | 2,002,478 | 2,616,879 | 4,182,099 |
| Total Donations in Cash | 6,209,620 | 5,020,406 | 8,324,774 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Kind | 0 | 0 | 0 |
| Government Grants | 53,561 | 22,201 | 102,810 |
| Investment Income | 0 | 0 | 0 |
| Programme Fees | 0 | 0 | 0 |
| Others Income | 140,481 | 82,848 | 57,220 |
| Total Receipts | 6,403,662 | 5,125,455 | 8,484,804 |
| Capital in Nature | 0 | 0 | 0 |
| Expenses | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 438,246 | 517,164 | 144,825 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 3,562,395 | 2,484,878 | 1,640,544 |
| Overseas (Direct & Support) | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | 3,562,395 | 2,484,878 | 1,640,544 |
| Expenses | |||
| Other Expenses | 2,315,351 | 1,400,267 | 1,364,977 |
| Total Expenditure | 6,315,992 | 4,402,309 | 3,150,346 |
| Balance Sheet | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 0 | 0 | 0 |
| Other Tangible Assets | 346,573 | 553,860 | 77,291 |
| Investments | 0 | 0 | 0 |
| Inventories | 0 | 4,558 | 0 |
| Account Receivables | 53,164 | 116,825 | 1,343 |
| Cash & Deposits | 4,976,508 | 4,840,084 | 4,029,001 |
| Other Assets | 83,542 | 76,320 | 57,513 |
| Total Assets | 5,459,787 | 5,591,647 | 4,165,148 |
| Funds | |||
| Total Unrestricted Funds | 20,868 | 454,884 | 544,386 |
| Total Restricted Funds | 4,771,637 | 4,249,951 | 3,437,303 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 4,792,505 | 4,704,835 | 3,981,689 |
| Liabilities | |||
| Total Current Liabilities | 526,788 | 560,590 | 183,459 |
| Total Non-Current Liabilities | 140,494 | 326,222 | 0 |
| Total Liabilities | 667,282 | 886,812 | 183,459 |
| Total Funds and Liabilities | 5,459,787 | 5,591,647 | 4,165,148 |
| Other Information | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 2,665,000 | 2,023,925 | 1,057,358 |
| No. of Employees | 16 | 12 | 8 |
| Total Employee Cost | 1,513,978 | 1,164,131 | 1,008,276 |
| Fudnraisig Efficiency Ratio | 7 | 10 | 1 |
| Total Related Party Transactions | 1,153,900 | 1,400,325 | 5,450,901 |
People
People at The Majority Trust Limited work towards supporting various causes such as philanthropic grants to local charities and non-profit organizations, community development, education advancement, arts promotion, and relief for those in need due to youth, age, illness, disability, financial hardship or other challenges. Their aim is to create a thriving and sustainable community for all Singaporeans by catalyzing change, fostering collaboration, promoting creativity, and pursuing the common good with compassion.
kenneth kan shung kei
wong mun hoong, mark (huang minxiong, mark)
yong ming chong (yang mingzhang)
kuik shiao-yin
yew wen suen elaine
seow soo keng eugene
News
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