UOB and Wee Foundation gift S$110 million to advance NTU’s educational priorities
UOB and the Wee Foundation have pledged a combined gift of S$110 million to NTU Singapore. With government matching, the gift will create an endowment of up to S$275 million to advance the university’s strategic priorities.
This endowed gift will turbocharge NTU’s engine of opportunity. For a start, the University plans to launch three educational initiatives that will open up new opportunities for students, and impart in them the value of giving back to the community.
Collectively, these initiatives will benefit up to 1,200 NTU students and 1,500 individuals from disadvantaged backgrounds annually.
A signing ceremony was held today to formalise the gift, witnessed by Mr Chan Chun Sing, Minister for Education. Also present at the event as witnesses were Ms Goh Swee Chen, NTU Board Chair; Mr Wong Kan Seng, Chairman, UOB; and Mr Wee Ee Cheong, Deputy Chairman and Chief Executive Officer, UOB.
