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Ngee Ann Kongsi makes generous gift to support NUS University Town

13 October 2010



LARGEST SINGLE GIFT: (From left) Ngee Ann Kongsi Vice President Mr Teo Chiang Long, Ngee Ann Kongsi President Dr Lim Kee Ming, Singapore President and NUS Chancellor Mr S R Nathan, NUS President Prof Tan Chorh Chuan and NUS Deputy President (Academic Affairs) and Provost Prof Tan Eng Chye


SIGNING CEREMONY: (From left) Ngee Ann Kongsi Vice President Mr Teo Chiang Long, Ngee Ann Kongsi President Dr Lim Kee Ming, NUS President Prof Tan Chorh Chuan and NUS Deputy President (Academic Affairs) and Provost Prof Tan Eng Chye

The Ngee Ann Kongsi, a Singapore foundation actively involved in educational, cultural and welfare activities, has made a substantial gift of S$15 million to the National University of Singapore (NUS) for its up and coming NUS University Town (UTown). With government matching, UTown will receive over S$36 million of funding, of which just over S$35 million will be endowed. This is the largest single gift to UTown to date, and it will fund scholarships, bursaries and distinguished professorships.

The President of the Ngee Ann Kongsi Dr Lim Kee Ming and NUS President Professor Tan Chorh Chuan signed a gift agreement during a ceremony held at the Istana on 12 October 2010. The ceremony was graced by His Excellency Mr S R Nathan, President of the Republic of Singapore, who is also the NUS Chancellor.

Dr Lim Kee Ming said, "Supporting education in Singapore is at the very heart of Ngee Ann Kongsi's values. We recognise that UTown is set to innovate education in Singapore and provide a more favourable environment for a new generation of students to acquire the skills to excel in the ever-changing, fast-paced world in which we live."

From academic year 2011, four scholarships and four bursaries will be granted to deserving Singaporean and Singapore Permanent Resident undergraduates. In addition, the Ngee Ann Kongsi Distinguished Professorships will allow NUS to attract leading academics to design and teach modules to promote independent and critical learning.

UTown is part of the University's longer term plans to develop collaborative learning communities to engage young minds and maximise their potential. Located across from the NUS Kent Ridge campus, it will combine the vibrancy of campus living with an exciting multidisciplinary academic programme. The UTown will house Singapore's first residential colleges and a graduate residence.

UTown will also feature the Educational Resource Centre (ERC), a 24-hour activity hub which will complement academic learning at the residential colleges by allowing students to pursue self-learning and co-curricular programmes. The ERC's signature auditorium will be named "The Ngee Ann Kongsi Auditorium" in recognition of Ngee Ann Kongsi's gift.

NUS President Professor Tan Chorh Chuan expressed his appreciation to Ngee Ann Kongsi on behalf of the University and students who will benefit from the distinctive residential learning at UTown. "We are pleased that Ngee Ann Kongsi will be accompanying NUS on this exciting new journey, as we pursue our goal of being a leading global university centred in Asia," he added.

To be launched in August 2011, UTown will accommodate 4,100 students when completed in 2013.



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