Charity
THE WAN BOO SOW CHARITY FUND LIMITED
About
What does THE WAN BOO SOW CHARITY FUND LIMITED do?
The Wan Boo Sow Charity Fund Limited is a family-established charitable foundation that has been supporting education costs for Singapore students in tertiary institutions since 2005. They are now expanding their support to include Institute of Technical Education (ITE) students, hospital patients and medical staff with financial needs referred by professors or department heads. The fund's annual donations will be reassessed after efficient use of the $4.5m injection into the charity. Their vision is also to induct grandchildren of Mr Wan Boo Sow for donation and interest in giving back to society, with the hope that they can eventually take over the management of this Charity Fund.
Founded
2005
People
wan ai kwee, woo fong meng michael, wan pong lim, wong peng koon
Causes
EducationHealth & WellnessChildrenHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2005
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Supports education costs for Singapore students in tertiary institutions, including ITE and Government Hospitals patients and medical staff with financial assistance referred by professors or Heads of Department.
- Provides financial aid to those who need it most, promoting equal opportunities in education and healthcare.
- Encourages the next generation of Wan Boo Sow's family members to donate and take an interest in giving back to society.
- Aims to induct grandchildren into the charity fund management, ensuring its continuation for future generations.
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?
- Supports education costs for Singapore students in tertiary institutions, including ITE and Government Hospitals patients and medical staff with financial assistance referred by professors or Heads of Department.
- Provides financial aid to those who need it most, promoting equal opportunities in education and healthcare.
- Encourages the next generation of Wan Boo Sow's family members to donate and take an interest in giving back to society.
- Aims to induct grandchildren into the charity fund management, ensuring its continuation for future generations.
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 | Dec 2022 - Nov 2023(S$) | Dec 2021 - Nov 2022(S$) | Dec 2020 - Nov 2021(S$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | NaN | 20,000 | 2,000 |
| Non Tax-Deductible | NaN | 0 | 0 |
| Total Donations in Cash | NaN | 20,000 | 2,000 |
| 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 | 0 |
| Investment Income | NaN | 14,620 | 15,421 |
| Programme Fees | NaN | 0 | 0 |
| Others Income | NaN | 0 | 0 |
| Total Receipts | 0 | 34,620 | 17,421 |
| Capital in Nature | NaN | 0 | 0 |
| Expenses | Dec 2022 - Nov 2023(S$) | Dec 2021 - Nov 2022(S$) | Dec 2020 - Nov 2021(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | NaN | 0 | 0 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | NaN | 1,390,000 | 210,000 |
| Overseas (Direct & Support) | NaN | 0 | 0 |
| Charitable Activities/Programme Expenses | NaN | 1,390,000 | 210,000 |
| Expenses | |||
| Other Expenses | NaN | 2,783 | 2,892 |
| Total Expenditure | NaN | 1,392,783 | 212,892 |
| Balance Sheet | Dec 2022 - Nov 2023(S$) | Dec 2021 - Nov 2022(S$) | Dec 2020 - Nov 2021(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | NaN | 0 | 0 |
| Other Tangible Assets | NaN | 0 | 0 |
| Investments | NaN | 0 | 0 |
| Inventories | NaN | 0 | 0 |
| Account Receivables | NaN | 0 | 0 |
| Cash & Deposits | NaN | 2,045,637 | 3,403,800 |
| Other Assets | NaN | 100 | 100 |
| Total Assets | NaN | 2,045,737 | 3,403,900 |
| Funds | |||
| Total Unrestricted Funds | NaN | 2,044,581 | 3,402,744 |
| Total Restricted Funds | NaN | 0 | 0 |
| Endowments Funds | NaN | 0 | 0 |
| Total Funds and Reserves | NaN | 2,044,581 | 3,402,744 |
| Liabilities | |||
| Total Current Liabilities | NaN | 1,156 | 1,156 |
| Total Non-Current Liabilities | NaN | 0 | 0 |
| Total Liabilities | NaN | 1,156 | 1,156 |
| Total Funds and Liabilities | NaN | 2,045,737 | 3,403,900 |
| Other Information | Dec 2022 - Nov 2023(S$) | Dec 2021 - Nov 2022(S$) | Dec 2020 - Nov 2021(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | NaN | 0 | 0 |
| No. of Employees | NaN | 0 | 0 |
| Total Employee Cost | NaN | 0 | 0 |
| Fudnraisig Efficiency Ratio | NaN | 0 | 0 |
| Total Related Party Transactions | NaN | 0 | 0 |
People
The individuals at the Wan Boo Sow Charity Fund Limited are dedicated to supporting education costs for Singapore students in tertiary institutions, as well as expanding their support to include Institute of Technical Education (ITE) students, hospital patients and medical staff with financial needs. They aim to reassess annual donations after efficient use of funds and hope to induct grandchildren of Mr Wan Boo Sow for future involvement in the charity's management.
wan ai kwee
woo fong meng michael
wan pong lim
wong peng koon
News
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