In forceAmended2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
National Council of Social Service Act 1992 · 2020 Revised Edition · Part 6 · Financial Provisions
26. Endowment Fund
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Last amended by an amending law of 2026.
(1)
There is established an Endowment Fund which vests in the Council and consists of —
Endowment Fund
Defined · s 2
“Endowment Fund” means the Endowment Fund established under section 12(1);
(a)
all donations and gifts accepted by the Council for the Endowment Fund;
(b)
all reserves of the Council in excess of 2 years of its operating expenditure; and
(c)
any other moneys that the Council decides to transfer to the Endowment Fund.
(2)
Any interest, dividends and other income derived from the Endowment Fund do not form part of the Endowment Fund.
(3)
The Endowment Fund may be applied for such purposes as may be approved by the Minister in writing.