The Ngee Ann Kongsi Formalises Intention to Donate S$25m in Support of Library and Fund to Nurture Emerging Talents and Ideas at SIT
SIT will name its library The Ngee Ann Kongsi Library and establish The Ngee Ann Kongsi Emergence Fund in recognition of this endowed gift – the biggest donation it has ever received to-date.
An artist's impression of The Ngee Ann Kongsi Library in SIT's future Punggol campus.
The Ngee Ann Kongsi has formalised its intention to make a generous endowed gift of S$25 million to the Singapore Institute of Technology (SIT) – S$2.5 million will be disbursed annually over a duration of 10 consecutive years – in support of the development of its library, as well as the establishment of The Ngee Ann Kongsi Emergence Fund (义安公司脱颖基金) to nurture students through a range of learning opportunities.
In recognition of this generous gift, the biggest donation that SIT has received thus far, the university will name the library at its future campus in Punggol, as well as the library at its interim campus at SIT@Dover The Ngee Ann Kongsi Library (义安公司图书馆).
This leadership gift will support The Ngee Ann Kongsi Library in scaling up its efforts to build SIT students’ capabilities in Information, Digital & Media Literacy which is most important in the information, data and technology world today. At SIT’s future Punggol campus, the Library is designed to facilitate the interaction of people and ideas and meet students’ diverse learning needs.
At the MOU signing were (From left): Mr James Teo, President, The Ngee Ann Kongsi; Mr Chan Chun Sing, Minister for Education; Mr Jamie Teo, Vice President & Chairman of the Donation and Charity Sub-Committee, The Ngee Ann Kongsi; Prof Chua Kee Chaing, President, SIT; Mr Ng Yat Chung, Chairman, SIT Board of Trustees, and Chief Executive Officer, Singapore Press Holdings; Prof Tan Thiam Soon, Institute Professor, SIT.
It will have technology-enabled collaborative learning spaces where students can get hands-on exposure to state-of-the-art digital equipment and technologies, and learn collaboratively to enhance their learning outside of class time. For example, the Library will house discussion pods for group consultations, rooms to rehearse and record presentations, digital hives equipped with higher-end computers with specialised software, as well as an immersive media studio.
It will also be a testbed to support projects that students can work on as part of their practical learning. The Ngee Ann Kongsi Library will continue to create purposeful programmes and projects to bring together students, faculty, industry partners and community members from all disciplines to learn together.
It will develop larger scale programmes to enhance student competencies, such as a distinguished speaker series featuring industry practitioners and community leaders. Its location in Punggol will allow it to play a role in the building of strong communities, by enabling service learning for SIT students through their engagement with the Punggol community.
The Ngee Ann Kongsi Emergence Fund will support a variety of learning projects such as coaching for students to learn about leadership or other soft skills such as confidence, emotional intelligence, and public speaking. It will enable financially challenged students to access experiential learning opportunities, such as overseas exchange and internship programmes, and provide support for applied research projects with student participation.
Professor Chua Kee Chaing, President, SIT, said, “On behalf of SIT, I would like to express our heartfelt appreciation to The Ngee Ann Kongsi for its generous and wide-ranging support of SIT students through the years. Since 2017, the Kongsi has been supporting a scholarship, a gold medal, and an emergency relief fund for our students. Now, with this transformative gift, it will offer our students access to more exciting learning opportunities – through an emergence fund and a library for the future – to help them hone their capabilities for the knowledge economy. One of SIT’s cherished aspirations is to nurture graduates who are passionate about serving the community, and we are very grateful for this gift.”
Said Mr Jamie Teo, Vice-President and Chairman of the Donation & Charity Sub-Committee, The Ngee Ann Kongsi, “We are very honoured by the naming of The Ngee Ann Kongsi Library at SIT. The Ngee Ann Kongsi firmly believes in empowerment through education. We hope this gift will help widen the access to a range of learning opportunities for SIT students.”
The naming ceremony for The Ngee Ann Kongsi Library took place today at SIT@Dover, attended by Mr Chan Chun Sing, Minister for Education, who was the Guest of Honour, Mr James Teo Wee Wee, President of The Ngee Ann Kongsi, Mr Jamie Teo, Vice-President and Chairman of the Donation & Charity Sub-Committee of The Ngee Ann Kongsi, as well as Members of The Ngee Ann Kongsi’s Committee of Management.
SIT’s campus in Punggol will be located in the upcoming Punggol Digital District, which is set to become a vibrant and inclusive district underpinned by cutting-edge technology. The campus will be co-located with JTC’s business park buildings and will facilitate the cross-fertilisation of knowledge and collaboration opportunities among students, faculty, and industry. It is scheduled to open in 2024.
Cheque presentation to Singapore Institute of Technology from The Ngee Ann Kongsi.
About Singapore Institute of Technology
The Singapore Institute of Technology (SIT) is Singapore’s first University of Applied Learning, offering industry-relevant degree programmes that prepare its graduates to be work- and future-ready professionals. Its mission is to maximise the potential of its learners and to innovate with industry, through an integrated applied learning and research approach, so as to contribute to the economy and society.
The University’s unique pedagogy integrates work and study, embracing authentic learning in a real-world environment through collaborations with key strategic partners. Its focus on applied research with business impact is aimed at helping industry innovate and grow. Targeted to be ready in 2024, SIT’s centralised campus within the larger Punggol Digital District will feature a vibrant learning environment where academia and industry will be tightly integrated with the community.
For more information, visit www.SingaporeTech.edu.sg.
About The Ngee Ann Kongsi
The Ngee Ann Kongsi is a non-profit Teochew philanthropic organisation focused on educational, cultural and charitable activities in Singapore, while placing a deep emphasis on preserving the Teochew heritage.
The organisation is an active advocate in education which funds scholarships for high-performing students and study awards to disadvantaged students.
It was founded in or about 1845 by Teochew immigrants from China providing welfare services for its members, and was formally incorporated under the Ngee Ann Kongsi (Incorporation) Ordinance in 1933.
For more information, visit https://thengeeannkongsi.com.sg/en/