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17 November 2012

NTUC FairPrice Foundation donates $300,000 to The Straits Times School Pocket Money Fund

The NTUC FairPrice Foundation will be making a donation of $300,000 to The Straits Times School Pocket Money Fund (SPMF), which supports some 10,000 cases of needy children each year with school-related expenses. This donation will make a difference towards helping SPMF provide financial assistance to the children from low-income families in Singapore.

Mr Ng Ser Miang, Chairman of NTUC FairPrice Foundation, will be presenting the $300,000 cheque donation to Dr Lee Boon Yang, SPH Chairman, who will be receiving the cheque on behalf of SPMF, at the STep-Up Closing event on 17 Nov 2012.

"Through FairPrice Foundation, FairPrice has been able to extend its reach to do more good for the community and support initiatives to help the elderly and the poor and needy. The Straits Times School Pocket Money Fund has been helping many children from low income households with financial support and we are glad to be able to play our part by contributing towards this cause and to the Fund, so that these children can direct their efforts to studying and enjoying their school activities without having to worry about going hungry or be distracted by financial issues," said Mr Ng Ser Miang.

Besides the $300,000 cash donation, the Foundation is also sponsoring $3600 worth of FairPrice vouchers as awards for the top eight meritorious students ($300 worth of vouchers each), top three most committed coaches ($200 worth of vouchers each) and a $150 voucher for each of the four SPMF Disbursing Agencies under the STep-Up programme.

Mr Han Fook Kwang, Chairman of SPMF, said: "We are very grateful for this generous donation which will go a long way to helping the many needy children who require financial assistance. By taking care of their daily pocket money, we hope they can focus better on their school work. "

The STep-Up programme is a weekly coaching programme where student volunteers from Junior Colleges spend 90 minutes weekly to help improve the English standards and knowledge of current affairs of Primary five and six students from low-income families. This programme is an initiative by The Straits Times School Pocket Money Fund.

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