Charity
The Masonic Charitable Fund
About
What does The Masonic Charitable Fund do?
The Masonic Charitable Fund supports needy students' education by providing scholarships, grants for research to local institutes, and promoting overall educational advancement in Singapore.
Founded
2019
People
yeo soon keong, yip wing kong, benoist stephane sebastien mathias, balakrishnan shegar, michael grenville gray, rajash singh, richard allan vargo, yeo kah loke brian andrew
Causes
EducationHealth & WellnessChildrenHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2019
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Education enhancement: Providing scholarships to needy students regardless of race or religion promotes equal opportunity and education for all, contributing to a more educated population in Singapore.
- Research advancement: Grants provided by the fund support research activities at institutions of higher learning, leading to scientific discoveries and technological innovations that benefit society as a whole.
- Economic growth: By helping students acquire education and skills, the charity contributes to developing a skilled workforce which is crucial for Singapore's economic development and competitiveness in the global marketplace.
- Social integration: The fund promotes social cohesion by providing assistance to people from diverse backgrounds, fostering understanding and tolerance among different racial and religious groups.
- Human capital development: By supporting education and research, the charity helps build
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?
- Education enhancement: Providing scholarships to needy students regardless of race or religion promotes equal opportunity and education for all, contributing to a more educated population in Singapore.
- Research advancement: Grants provided by the fund support research activities at institutions of higher learning, leading to scientific discoveries and technological innovations that benefit society as a whole.
- Economic growth: By helping students acquire education and skills, the charity contributes to developing a skilled workforce which is crucial for Singapore's economic development and competitiveness in the global marketplace.
- Social integration: The fund promotes social cohesion by providing assistance to people from diverse backgrounds, fostering understanding and tolerance among different racial and religious groups.
- Human capital development: By supporting education and research, the charity helps build
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$) | Jan 2021 - Dec 2021(S$) | Dec 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 334,464 | 160,871 | NaN |
| Non Tax-Deductible | 259,650 | 251,998 | NaN |
| Total Donations in Cash | 594,114 | 412,869 | NaN |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | NaN |
| Non Tax-Deductible | 0 | 0 | NaN |
| Total Donations in Kind | 0 | 0 | NaN |
| Government Grants | 0 | 0 | NaN |
| Investment Income | 0 | 0 | NaN |
| Programme Fees | 0 | 0 | NaN |
| Others Income | 0 | 0 | NaN |
| Total Receipts | 594,114 | 412,869 | 0 |
| Capital in Nature | 0 | 0 | NaN |
| Expenses | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Dec 2020 - Dec 2020(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 0 | 0 | NaN |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 578,275 | 4,836 | NaN |
| Overseas (Direct & Support) | 0 | 0 | NaN |
| Charitable Activities/Programme Expenses | 578,275 | 4,836 | NaN |
| Expenses | |||
| Other Expenses | 0 | 0 | NaN |
| Total Expenditure | 578,275 | 4,836 | NaN |
| Balance Sheet | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Dec 2020 - Dec 2020(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 0 | 0 | NaN |
| Other Tangible Assets | 0 | 0 | NaN |
| Investments | 0 | 0 | NaN |
| Inventories | 0 | 0 | NaN |
| Account Receivables | 0 | 0 | NaN |
| Cash & Deposits | 81,342 | 65,303 | NaN |
| Other Assets | 0 | 0 | NaN |
| Total Assets | 81,342 | 65,303 | NaN |
| Funds | |||
| Total Unrestricted Funds | 53,142 | 48,503 | NaN |
| Total Restricted Funds | 26,200 | 0 | NaN |
| Endowments Funds | 0 | 0 | NaN |
| Total Funds and Reserves | 79,342 | 48,503 | NaN |
| Liabilities | |||
| Total Current Liabilities | 2,000 | 16,800 | NaN |
| Total Non-Current Liabilities | 0 | 0 | NaN |
| Total Liabilities | 2,000 | 16,800 | NaN |
| Total Funds and Liabilities | 81,342 | 65,303 | NaN |
| Other Information | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Dec 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 386,000 | 386,000 | NaN |
| No. of Employees | 0 | 0 | NaN |
| Total Employee Cost | 0 | 0 | NaN |
| Fudnraisig Efficiency Ratio | 0 | 0 | NaN |
| Total Related Party Transactions | 0 | 0 | NaN |
People
The Masonic Charitable Fund is dedicated to supporting educational initiatives in Singapore through various programs such as scholarships, grants for research at local institutions, and promoting general educational development.
yeo soon keong
yip wing kong
benoist stephane sebastien mathias
balakrishnan shegar
michael grenville gray
rajash singh
richard allan vargo
yeo kah loke brian andrew
News
Similar Charities
