Mr Lim Boon Heng
Mr Lim Boon Heng
Laying the foundation
for meaningful community giving
More than a decade ago, we started to think of how we can give back to the community in a meaningful and sustainable way. We seeded the thinking and philosophy of creating something beyond a typical donation model – one that is sustainable and addresses current issues.
In 2003, we instituted a policy of setting aside a share of our excess returns for the community, for each year that we exceed our risk adjusted cost of capital. It was important for our contributions to be sustainable – continued availability of funds, governance in the management and disbursement of the funds, and having the right team of committed, passionate people to deliver the outcomes we want to achieve.
In 2007, we set up Temasek Trust, to provide financial oversight and governance of our endowment gifts to our Non-Profit Philanthropic Organisations (NPPOs). This allows our NPPOs to focus on the implementation and management of social and community programmes.
Our Community Investment
Mandate and Framework
To guide our giving, we developed four community investment mandates of Building People, Building Communities, Building Capabilities and Rebuilding Lives.
Our Journey of Giving
Temasek Trust and Our Family of Foundations
Since inception in 1974, Temasek has established 17 endowments focusing on building people, building communities, building capabilities and rebuilding lives. The establishment of the Temasek Foundations reaffirms Temasek’s ongoing commitment to the wider community in Singapore and beyond, and signals the next phase of our community investment journey. To date, we have collectively touched over 500,000 lives in Singapore and across Asia through our community initiatives.
Temasek Trust was established in 2007 as an independent trustee to provide financial oversight and governance of philanthropic endowments and gifts by Temasek. The Trust is responsible for the disciplined and sustainable disbursements of the endowments and gifts to Temasek’s six Foundations, which in turn are guided by their respective mandates and strategic thrusts to drive their community programmes.
Click here for Temasek Trust website
Temasek Family of Foundations