At the launch event held at Swissotel The Stamford on Tuesday, the One Team Singapore Fund (OTSF) received $500,000 in donations from three donors; Deloitte - $150,000, Tiong Bahru Gardens Joggers - $100,000 and Fullerton Health - $250,000.
Minister for Culture, Community and Youth, Ms Grace Fu (left) sharing a moment with Team Singapore Swimmer Roanne Ho (first from right) at the event. Photo: Sport Singapore
Announced by the Ministry of Culture, Community and Youth (MCCY) in March 2017, OTSF will enable Singaporeans and corporate partners to contribute directly to the advancement of Team Singapore athletes. Through OTSF the government will match donations up to $50 million spread over 5 years.
“Our Team Singapore athletes train hard and make many personal sacrifices to excel in their respective sports, and make Singapore proud,” commented Minister for Culture, Community and Youth, Ms Grace Fu.
“Many Singaporeans are already supporting our athletes in their inspiring journeys toward sporting excellence - our athletes really appreciate the encouragement and support,” she continued.
Minister for Culture, Community and Youth, Ms Grace Fu poses for a photo with Mr Chan Chun Sing, Chairman Tiong Bahru Gardens Joggers. Photo: Sport Singapore
“With the launch of the One Team Singapore Fund, all of us - from individuals to businesses and organisations - can make a donation to support our athletes in High Performance Sports (HPS). Together let’s all support our athletes as One Team Singapore, as they strive to bring glory to our nation!” rallied Ms Fu.
The One Team Singapore Fund’s purpose is three-fold. It first aims to catalyse broad support for Team Singapore. Its next purpose is to create conditions for sport to inspire the Singapore Spirit. And finally to enlarge the resource space for HPS support for Team Singapore.
For the NSAs, money channeled from donations to their HPS systems will be matched by the fund in three tiers, Basic Scheme, Enhanced Scheme and Enhanced+ Scheme.
Minister for Culture, Community and Youth, Ms Grace Fu poses for a photo with Mr James Walton, Partner Clients and Markets (S.E.A.), Deloitte Singapore. Photo: Sport Singapore
These tiers are linked to several considerations which include: status of the NSA as a Charity or Institution of a Public Character (IPC), high performance vision, strength of high performance plan, and executive ability - in terms of leadership capability and governance structure.
The Basic Scheme will have matched funding capped at $80,000, with the Enhanced Scheme capped at $250,000, and lastly, the Enhanced+ Scheme capped at $1,000,000.