Keppel Corporation today announced the launch of Keppel Care Foundation, a charity under the Charities Act that will provide assistance for the needy and under-privileged.
It will also promote education and encourage eco-friendly mindsets and initiatives.
The Keppel Group of Companies will commit up to $50 million over the next ten years to the Foundation, said Keppel in a statement today.
Former president S R Nathan launched the Keppel Care Foundation today at a fundraising concert at National University of Singapore’s (NUS) Culture Centre to celebrate Keppel Offshore and Marine’s 10th anniversary.
At the launch, cheques totalling $6.7 million to NUS, Singapore University of Technology and Design, and Singapore Polytechnic were presented.
The Foundation is governed by a Board comprising founding directors Dr Lee Boon Yang, Mr Choo Chiau Beng, CEO of Keppel Corporation and Mr Teo Soon Hoe, Senior Executive Director of Keppel Corporation.
Mr Chee Jin Kiong, Keppel Corporation’s Director of Group Human Resources, will concurrently helm the Foundation as its Chief Executive Officer.
This article was first published in Asiaone