Non-Financial Information
Name of Organisation:
SingHealth Foundation
(formerly known as SingHealth Endowment Fund)

Address:
167 Jalan Bukit Merah Tower 5#22-10A S150167

Contact Information
Name of Contact Person: Ms Nancy Sue Frohman
Telephone No: 6377 7606
Fax No: 6377 2507
Email Address: nancy.frohman@singhealth.com.sg
Web-site Address: http://www.singhealthfoundation.org.sg

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Charity Status
Charity Registration No: 1576
Charity Registration Date: 20 June 2002

Constitution: Rules and Regulations
Date of Establishment: 31 March 2000
ROS/RCB Regn No:Not applicable

IPC Status
Effective Date : 25/06/2002-24/06/2005
Renewal Date : 25/06/2005-24/06/2008

A Member of Health Endowment Fund

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Objectives:

The Fund is established to receive contributions and donations for the pursuit of medical research and development, education and training, and the provision of health-related services in Singapore.

Vision:

To be a leading philanthropic foundation that invests in and facilitates world-class healthcare solutions to continuously improve patient care.

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No. of Beneficiaries:

Programs/Activities
Programmes supported by SingHealth Foundation :

Research
Project Based Research Grants
Investigator Excellence Award
Research Secretariat Programme
Core Infrastructure Grants
Singapore Cord Blood Bank
Study on Anxiety Reduction and its Effects on Surgical Outcomes
Eating Disorder Support Group Outcome Study
Support of Operations of the Cognitive Neuroscience Laboratory

Education & Training
Health Manpower Development Programme
Allied Health Pre-Service Education Scholarships
Mentorship Programme for researchers
Sponsorship of Basic and Higher Degrees in Nursing

Services
Liver Transplantation Medical Equipment Programme
Oral and Craniofacial Rehabilitation Programme
Arts for Health Programme

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Trustees/Board Members

Prof Tan Ser Kiat
Dr Lee Suan Yew
Ms Priscylla Shaw
Ms Jeanette Wong
Mr Lucien Wong
Mrs Ruth Wong
Dr Jennifer Lee
Dr Mary Ann Tsao
Mrs Karen Koh
Mr Sia Kheng Hong

Key Employees

Dr Kwa Chong Teck, Director
Ms Nancy Frohman, General Manager

Auditor

KPMG,Certified Public Accountants


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Financial Information*

Income	2004 (S$’000)	2005 (S$’000)	2006 (S$’000)	%Increase/ (Decrease) [2006 vs 2005]
Donations in Cash - Tax Deductible - Non-Tax Deductible	40,212 940	35,137 11,349	45,105 542	28% -95%
Donations in Kind - Tax Deductible - Non-Tax Deductible	-	-	-	-
Grants / Sponsorships	-	-	-	-
Investment income	163	403	1,399	247%
Investment gains	-	-	-	-
Others (please specify if material)	-	-	-	-
Total Income	41,315	46,889	47,052	0%

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Expenses	2004 (S$'000)	2005 (S$'000)	2006 (S$'000)	%Increase/ (Decrease) [2006 vs 2005]
Direct Fund-raising Expenses	65	53	53	0%
Charitable Activities Expenses - Local - Overseas	7,415	7,665	18,289	139%
Other Operating & Administration Expenses	526	589	862	46%
Others (please specify if material)	-	-	-	-
Total Expenditure	8,006	8,307	19,204	131%
Surplus / (Deficit)	33,309	38,582	27,848	-28%

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Balance Sheet	2004 (S$'000)	2005 (S$'000)	2005 (S$'000)	%Increase/ (Decrease) [2006 vs 2005]
ASSETS
Land and Buildings	-	-	-	-
Other Tangible Assets	9	9	8	-11%
Investments	-	-	-	-
Inventories	-	-	-	-
Accounts Receivable	36,975	58,393	62,662	7%
Cash & Deposits	17,466	34,717	55,694	60%
Others (please specify if material)	25	7	140	1900%
Total Assets	54,475	93,126	118,504	27%
FUNDS (To breakdown by each fund as suggested below)
Unrestricted Fund	12,296	5,206	6,743	30%
Restricted Fund	38,429	84,100	110,412	31%
Endowment Fund	-	-	-	-
Total Funds	50,725	89,306	117,155	31%
LIABILITIES
Long-Term Liabilities	-	-	-	-
Current Liabilities	3,750	3,820	1,349	-65%
Total Liabilities	3,750	3,820	1,349	-65%
Total Funds and Liabilities	54,475	93,126	118,504	27%

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Other Information	2004	2005	2006	%Increase/ (Decrease) [2006 vs 2005]
Donations/Grants and Sponsorships given to other Charities (S$’000)	-	-	-	-
No. of Employees*	3	8	10	25%
Total Employee Costs (S$’000)*	360	443	618	40%
Total Related Party Transactions (S$’000)	7,535	8,010	18,794	135%
Fund-raising efficiency	0.16%	0.11%	0.12%	2%
Ratio of reserves to annual operating expenditure	1.55	0.63	0.35	-44%

* No. of Employees include contract and permanent staff seconded from SingHealth Services Pte.

These include donations collected through flag days, donations that entail benefits to the donors and donations received for overseas purposes.

This refers to costs directly incurred and paid for during fund-raising. They include such costs as advertisements, printing, publicity materials, rental of premises, logistics, hiring of commercial third-party fund-raisers, organizing games of chance, etc.

These are all resources applied by the charity in undertaking its work to meet its charitable objectives in the delivery of goods and services. Such costs include the direct costs of the charitable activities together with those support costs incurred that enable these activities to be undertaken

These are expenses which relate to the general running of the charity that provide the governance infrastructure which allows the charity to operate, to generate the information required for public accountability, and the strategic planning processes that contribute to future development of the charity.

These are generally unrestricted funds which the IPC is free to use for its programmes and operating costs e.g. General Fund.

These are special funds held by the IPC that can only be applied for specific purposes, e.g. Building Fund.

These are funds which the IPC holds in trust for the benefit of the IPC as a capital fund. Generally, only interest income from Endowment Funds are used, and not the capital sum.

Related Party Transactions refer to transactions between the IPC and another person where either person could have influence over the other.

For example, if a board member of an IPC is related to a certain supplier of services for the IPC, the value of the transactions should be disclosed. Refer to the Financial Reporting Standards for the full definition of Related Party Transactions.

This is expressed in the ratio of A to B, where A refers to Direct Fund-raising Expenses and sponsorships relating to fund-raising (where receipts have been issued by sponsors); and B refers to total donations received from fund-raising and sponsorships relating to fund-raising (where receipts have been issued by sponsors).

This is expressed in the ratio of C to D, where C refers to Unrestricted Funds; andD refers to Charitable Activities Expenses and Other Operating and Administration Expenses.