16 February 2022
The Singapore Institute of Technology has created a new $25 million fund to help students from lower income households go for overseas exchange programmes, internships and other experiential learning opportunities.
The bursary is called the Ngee Ann Kongsi Emergence Fund, it represents the largest donation the university has received. Each year, a sum of $2.5 million will be disbursed over a period of 10 years. The donation from the Ngee Ann Kongsi will further support the development of the library at SIT’s future campus in Punggol.
The university, which is at a temporary campus in Dover, has named its library The Ngee Ann Kongsi Library. At the naming ceremony at the Dover campus on Friday, Education Minister Chan Chun Sing called on other foundations and successful businesses to step up and follow in the footsteps of Ngee Ann Kongsi by providing collaborative opportunities with not just SIT but also other educational institutions in Singapore.