To encourage more people to donate to social service agencies, the Government and the Singapore Totalisator Board (Tote Board) will set aside $150 million in total to match donations dollar for dollar.
This sum, and another $200 million from the Government and Tote Board, will be used to help the agencies transform to better help families and those in need.
Deputy Prime Minister Heng Swee Keat announced this and other moves to top up funds meant to assist low-income Singaporeans and the elderly on 18 February.
The $350 million to be set aside will be channelled to a Community Capability Trust, helmed by the Ministry of Social and Family Development and National Council of Social Service.
The sum comprises of $150 million the Government puts into the trust and a $50 million contribution from the Tote Board this year. Donations to the Community Chest will also be matched dollar for dollar by the Government, up to $100 million, for 10 years. The Tote Board will also match donations to the Community Chest dollar for dollar up to $50 million, but until 2024.
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Source: The Straits Times, 19 February 2020