Singapore legislation
Regulation 7
of Income Tax (Grant-Making Philanthropic Organisations) Regulations 2009
Regulation 7
Use of donations
Subregulation 1
A registered grant-making philanthropic organisation shall use any tax deductible donation received by it in accordance with this regulation.
Subregulation 2
Where the donor has specified the institution of a public character to which the tax deductible donation shall be made, the donation shall be made to the specified institution.
Subregulation 3
Where the donor has not specified the institution of a public character to which the tax deductible donation shall be made, the donation shall be made to any institution of a public character.
Subregulation 4
Subject to regulation 11, the registered grant-making philanthropic organisation shall disburse any tax deductible donation to the institution of a public character within 5 years from the date such donation was received by it.
Subregulation 5
A registered grant-making philanthropic organisation which fails to comply with paragraph (2), (3) or (4) shall be liable to pay to the Comptroller a financial penalty under section 37(18B) of the Act.