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What are the benefits of giving
As a donor to NUS, you can enjoy tax benefits, have your gift matched by the Singapore government and receive naming opportunities.
Tax benefits
Singapore tax residents will receive a 250% tax deduction for gifts that are made to NUS during the period from 1 January 2009 to 31 December 2009. This means that when you give to NUS, you will receive a deduction off your taxable income that is 2.5 times the value of your gift.
If you provide your NRIC/FIN number in the gift form, your gift will be automatically included in your next income tax assessment. If the tax deduction for the gift is more than your taxable income for the year, the Inland Revenue Authority of Singapore (IRAS) allows you to carry forward the unutilised deduction for a maximum of 5 years.
For example, if the allowed tax deduction in year of assessment 2009 for a gift made in 2008 exceeds your taxable income in 2008, you can carry the unutilised portion of the deduction forward as far as year of assessment 2014.
Corporate donors that provide their Unique Entity Numbers (UENs) will still have to file their tax deduction claims with IRAS. To carry forward unutilised deduction, they must satisfy the shareholding test (similar to that imposed for carry forward of trade losses and unutilized capital allowances). Unutilised donations will rank for deduction after trade losses and capital allowances.
If you are a US tax resident, you can support and make a significant impact on NUS by contacting the “NUS America Foundation Inc.”, a charitable organisation with tax-exempt 501 (c)(3) status under US law.
The Foundation may be reached via:
TOK Yu Ling (Mrs), Secretary/Treasurer
NUS America Foundation, Inc.
465 Fairchild Drive, Suite 207
Mountain View, CA 94043
USA
Telephone: (+1) 650-967-4770
Fax: (+1) 650-967-3922
E-mail: enquiry@nusamerica.org
Government matching
Every private-sector gift to NUS attracts the prevailing 1:1 matching grant from the Singapore Government, doubling the impact NUS receives from your gift dollar.
The government matching grant goes towards building the NUS endowment, thereby securing NUS’ ability to sustain its excellence far into the future.
Naming opportunities
To recognise the generosity of our donors, NUS offers naming opportunities. These can honour corporations, foundations, or individuals such as mentors or loved ones.
The table below shows the particular areas you can support with your gift, along with the minimum gift amounts that carry naming opportunities.
| Support | Endowed gift (S$) | Expendable gift (S$) |
|---|---|---|
| Media or Prize | 75,000 | 15,000 |
| Bursary | 150,000 | 45,000 |
| Scholarship | 150,000 | 45,000 |
| Faculty Scholarship | 150,000 – 600,000 | 625,000 – 1,250,000 |
| Professorship | 2,000,000 | NA |
| Distinguished Professorship | 3,000,000 | NA |
Endowed gifts are gifts where the principal amount is preserved and invested. The investment returns support the gift purpose.
Expendable gifts are gifts where the entire principal amount is spent on the gift purpose.