Late doctor’s $2m donation kick-starts Methodist Welfare Services’ first endowment fund

Late doctor’s m donation kick-starts Methodist Welfare Services’ first endowment fund


SINGAPORE – A doctor who regularly visited the Methodist Welfare Services (MWS) nursing home in Yew Tee to give residents Christmas presents has left a lasting gift after her passing.

The $2 million donation from the estate of the late Dr Ong Yong Wan, the founding head of haematology at Singapore General Hospital (SGH), has allowed MWS to set up an endowment fund to support its beneficiaries for years to come.

An endowment fund is a pool of donations that organisations, such as universities and charities, invest for long-term financial support. The initial sum is preserved, and only the returns are used by the organisation.

MWS is a charity and social service agency that runs family service centres, nursing homes and a residence for vulnerable girls, among other services.

The MWS Endowment Fund aims to be a platform for legacy giving, or donations planned after someone’s passing, and will accept donations starting at $250,000.

An investment committee from MWS will govern the fund, which will be used for specific programmes that do not receive funding from the Government, such as its debt-relief and savings initiative to support low-income families.

Mr Eugene Toh, chairman of MWS’ board of governance, told The Straits Times that the endowment fund gives donors an avenue to support causes close to their hearts and that align with MWS’ mission.

Examples include bursaries for disadvantaged students, which the charity does not offer today because it may be difficult to sustain through its usual fund raising.

“With this endowment fund, because we know that there is some certainty, we’re then able to plan longer term (and) support more people in a more creative and meaningful manner,” said Mr Toh.



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