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ABOUT THE SINGAPORE LSE TRUST

Introduction

The Singapore LSE Trust was launched in 2004 to help Singaporeans who demonstrate "all-round excellence" but have some financial needs to pursue their dream of studying at the world-renowned academic institution that is the LSE. The Trust has the distinction of being the . The Trust has the distinction of being the first charitable trust of its kind established in Singapore by an overseas University. The Trust is an Institute of Public Character (IPC) approved by the Commissioner of Charities.

The Trust believes that education is the greatest social leveller. The most meaningful gift to future generations of students – and future alumni – is to enable others to walk the same passageways that we used to. By giving to the Trust, our alumni “pay it forward” for fellow Singaporeans who have gained admission to the LSE, but who lack the necessary means to study at the School.

Over the last decade, the Trust has awarded 21 undergraduate study awards and is in 2021 establishing the Saw Swee Hock Financial Assistance Fund for Singaporean LSE students in financial need.

The LSE Trust Undergraduate Study Award

The Trust fund Undergraduate Study Awards to Singaporean students, covering their tuition fees..

Applicants for the Trust’s Undergraduate Study Award must be a Singaporean citizen who have already gained admission to the LSE. They each goes through a rigorous assessment:

1. By the LSE’s Financial Support Office to ensure that the applicant has a genuine financial need, and yet a realistic ability to raise sufficient other sources of funds for their living expenses (e.g. family savings, borrowing, part-time work etc) and

2. By the Trustees of The Singapore LSE Trust to ensure that applicants are “someone special with a social conscience”. The Trustees are looking for applicants with a track record of doing good and contributing to others / causes despite their own challenges, someone with the desire for the betterment of society or the pursuit of a meaningful cause, who will pay it forward if given this opportunity.

Successful applicants can expect to receive a study award covering their tuition fees, which are around £22,400 per annum for the 2021/22 academic year, or £76,200 in total for a three year undergraduate course.

Applications for the Undergraduate Study Award are managed directly by the LSE.

The deadline for the receipt of applications is: now closed. It will reopen end in early Q2 of 2022. Ms. Lim Yu Tong is the recipient for 2021/22.

The Professor Saw Swee Hock Financial Assistance Fund

In 2021/22 the Trust is launching a bursary fund to provide financial assistance to Singaporean LSE students who have fallen on hard times and have an acute financial need. It is named in memory of the late Prof. Saw – a distinguished alumnus, honorary fellow of the LSE, philanthropist and supporter of the Trust. Supporting Singaporean students who are struggling financially through no fault of their own has been a cause close to the heart of Prof. Saw during his lifetime. It was his idea to the Trustees to establish a bursary fund, and we are grateful for his family’s approval to lend his name to this fund. Giving to this fund is a tangible inspiration of the life and work of Prof. Saw for the next generation to extend.

Applicants for the Saw Swee Hock Financial Assistance Fund must be a Singaporean citizen and current student of the LSE. They apply for contributions from the fund through the school’s Financial Support Office (FSO). All applicants are reviewed by the FSO and then passed on to the Trust for further assessment and decision.

Recipients of a one-off student hardship award can expect a pay-out of up to £3,500, in line with the LSE’s guidance. The award will be paid-out through the FSO and is subject to the School’s rules for disbursement of financial support. The fund itself is managed by the Trust in a separate account.

Governance and Trustees

The Trustees of the Singapore LSE Trust include the following distinguished alumni:

Adhering to the highest standards of governance, all Trustees receive neither a fee nor an allowance from the Trust such that expenses related to the work of the Trust is kept at an absolute minimum. With the generosity and support of alumni who have contributed both in cash and in kind; the Trust has to date incurred no expenses other than the direct funding of scholarships. In keeping with the best practices of book-keeping, all charitable donations and accounts of the Trust are audited and filed annually by an external auditor, KPMG Singapore.

Ms. Jane Ittogi (Emeritus Chairperson), Board Member of LaSalle College of the Arts and Chair of Tasek Jurong Limited & Co-Chair of Singapore Biennale 2019.
Mr. Collin Liu ACA (Co-Chairman), Chief Operating Officer at Rajah & Tann Asia.
Mr. Desmond Lim (Co-Chairman), Chairman of Les Amis Group.
Mr. Garich Lim Shington (Secretary), Head of Partners at Fortrec Chemicals & Petroleum Pte. Ltd.
Dr. Stefan Altofer-Ong (Treasurer), Executive Director at UBS AG.
Ms. Michelle Liem, Director of Nuri Holdings.
Mr. Linus Lim, Chief Executive Officer of Phillip Tokai Tokyo Investment Management.
Mr. Low Check Kian, Founder and Chairman of Cluny Park Capital.
Mr. Eugene Ooi, Consultant at Linklaters Singapore Pte. Ltd.
Mr. Tan Suee Chieh, President, Institute and Faculty of Actuaries (United Kingdom).
Ms. Patricia Yeo, Director of Hong Leong Investment Holdings Pte. Ltd.
Ms. Miao Fong Tien (ex officio), President of LSE Alumni Association of Singapore.

We are proud how the Trust’s philosophy has left a mark on our former Trustee, Minister for Health Mr. Ong Ye Kung before he re-joined politics in 2015. In an interview that year, he explained how the Trust would fund students who managed to secure a place at LSE but are not from privileged backgrounds; “In other words, there was ‘merit’ in being able to overcome the odds to enroll in a prestigious university.”

Making a Tax-Deductible Donation

From October to 15 December 2021 the Trust is running a fundraising campaign through Ray of Hope. For further information relating to this campaign please CLICK HERE.

Beyond this one-off campaign, alumni can donate to the Trust as one-time gifts or through recurring donations through GIRO. We accept one-off payments through bank transfer or cheque.

To make a donation, please fill out the ONLINE FORM and follow the instructions in the form. If you prefer a hardcopy form please use this 2021 CAMPAIGN FORM and send it via regular mail.

The Trust is an Institution of Public Character, and all donations to the Singapore LSE Trust enjoy tax deductions. Until Dec. 2023 such deductions are at the rate of 2.5 times the donated amount, i.e. for every $1,000 donated to the Singapore LSE Trust, $2,500 will be deducted from the taxpayers’ chargeable income. See further details on tax deductions on the IRAS website. The Trust will report your donation directly to IRAS and additionally issue a donation receipt at the end of each tax year for your convenience.

Queries & Information

Some additional information on the Trust can be found in past brochures CLICK HERE .

For further queries, please contact Garich Lim Shington at .(JavaScript must be enabled to view this email address) and Stefan Altorfer-Ong at .(JavaScript must be enabled to view this email address)