Singapore legislation
Section 5
Section 5
Powers
For the purpose of carrying out the objects of the Foundation, the Board may —
purchase, take on lease, hire, or otherwise acquire any real or personal property which may be considered necessary or convenient for any of the objects of the Foundation;
sell, manage, lease, mortgage, dispose of, or otherwise deal with, all or any part of the property of the Foundation;
receive any gift of any nature for one or more of the objects of the Foundation;
take any steps by personal or written appeals, public meetings or otherwise, that may be considered necessary or expedient by the Board, to obtain funds for the Foundation in the shape of contributions, donations, annual subscriptions or otherwise, and generally raise funds by all lawful means to carry out the objects of the Foundation;
borrow money in any manner that the Board may think fit;
invest the moneys of the Foundation not immediately required for its purposes in or upon any investments, securities or property that the Board may think fit, subject nevertheless to the conditions (if any) and the consents (if any) that may, for the time being, be imposed or required by law;
utilise the corpus and income of the Foundation in any manner that the Board may think fit for the purpose of carrying out the objects of the Foundation;
appoint one or more committees consisting of directors alone or any combination of directors and members (so long as there is, in the latter case, on each committee one director who is to be chairperson of that committee) for any object, power or purpose set out in this Act (other than the power to borrow money) which, in the opinion of the Board, would be better or more conveniently regulated, managed or carried out by means of a committee; and
do any other lawful acts or things that are necessary, incidental or conducive to the attainment of the objects of the Foundation.