Through generous donations from individuals, organisations and foundations, endowment matching grant from MOE, as well as interest earned from investment of the funds, we were able to disburse the following awards in this financial year:
Scholarships |
Awards / Prizes |
Bursaries |
Other Financial Assistance |
|||
|
Academic |
CCA |
Academic |
CCA |
||
No. of Awards Given |
219 |
19 |
446 |
1 |
546 |
2 |
Total Value |
$636,380 |
$57,000 |
$168,518 |
$300 |
$1,177,457 |
$3,949 |
TPGEF continually receives donations from regular and new donors. During the financial year, donations were received from major donors including Lee Foundation, Tan Agnes Jiannee Trust Fund, GIC Private Ltd, NTUC Income Insurance Co-Operative Limited and The Ngee Ann Kongsi.
All members of the Management Committee of the TPGEF are appointed by Temasek Polytechnic Board of Governors and hold office for a term of up to three years. They are eligible for re-appointment after the term of their current appointment. The maximum term limit of the Treasurer is four consecutive years. The management committee during the financial year are as follows:
Appointment |
Name and Designation |
Chairman |
Mr Clarence Tang |
Members |
Dr Rufaihah Binte Abdul Jalil Ms Farhana Mansoor Nakhooda Mr Peter Lam Mrs Lee-Lim Sok Keow |
Member & Treasurer/Secretary |
Ms Chia Li Hwei Mr Kelvin Chan Boon Cher |
MANAGEMENT COMMITTEE MEETING
The annual meeting of the Management Committee was held on 29 July 2021 and the attendees are as follows:
Appointment |
Name and Designation |
Chairman |
Mr Clarence Tang |
Members |
Mr Peter Lam Mrs Lee-Lim Sok Keow |
Member & Treasurer/Secretary |
Ms Chia Li Hwei |
TPGEF has in place practices of good governance in key areas aligning to the principles and guidelines set forth under the Code of Governance for Charities and Institutions of a Public Character. In particular, TPGEF has adopted the following policy in respect of management and avoidance of conflicts of interest:
Conflict of Interest Policy
The purpose of this policy is to protect the integrity of the TPGEF and its Management Committee, TP and its staff and students, and the disbursement of TPGEF for scholarships, bursaries, awards and financial assistance to TP students. TPGEF Management Committee members and TP staff who undertake either the role of the approver of recipients of any award, or financial assistance or approver of disbursement of funds under the TPGEF, must be free from conflict of interest that might adversely influence their judgment and objectivity.
All selection committee members are required to declare if they are related to the nominated recipient(s) of any award or financial assistance under the TPGEF when the nominations are submitted for approval.
All Management Committee members are required to declare if they are related to the recipient(s) of any award or financial assistance under the TPGEF when approvals for disbursement of funds are given.
All individuals who are related to the recipients shall not participate in the nomination of recipients or approval for disbursement of the TPGEF.
For other matters tabled for the Management Committee’s decision and discussion, members do not vote or participate in such matters where they have a conflict of interest.
In line with the disclosure requirements by the Charity Council, the Governance Evaluation Checklist of TPGEF disclosing the extent of its compliance with the Code can be found at the Charity Portal website.
The financial statements of TPGEF for the financial year ended 31 March 2022 are subsumed under the audited financial statements of Temasek Polytechnic. Deloitte & Touche LLP has audited these financial statements.