On 10 December 2020, a signing and cheque presentation ceremony was held at the [email protected] campus to establish the Masonic Charitable Fund Endowment Bursary at SIT. Dr Yeoh Sin Hock, Assistant District Grand Master, District Grand Lodge of the Eastern Archipelago, presented an endowed gift to Prof Tan Thiam Soon, President, SIT, on behalf of the Masonic Charitable Fund.The gift also marks the first endowed gift the Masonic Charitable Fund has made to an Institute of Higher Learning. It will enable SIT to support three Singaporean undergraduates with the Bursary (valued at $5,000 each) from Academic Year 2021/22 onwards, annually and in perpetuity. The Masonic Charitable Fund Endowment Bursary is one of the most inclusive bursaries, and it is applicable to financially disadvantaged students from all fields of study.
On 6th November 2020, the MCF signed an Agreement with Singapore University of Technology and Design (SUTD) to provide $52,000.00 over four (4) years. The amount will be disbursed equally over four (4) years representing $13,000.00 per year covering two (2) Bursary Awards per annum. The students qualifying will need to fulfil established criteria for disbursement of financial assistance. SUTD is Singapore’s fourth public university and one of the first universities in the world to incorporate the art and science of design and technology into a transdisciplinary, human-centric curriculum.
On 5th November 2020, the MCF signed an Agreement with the Singapore University of Social Sciences (SUSS) to provide $12,000.00 worth of financial grants. The amount will cover 6 financial grants of $1,000.00 each for full-time students and 12 financial grants of $500.00 each for part-time students. SUSS is the country’s sixth autonomous university and champions inclusivity to bring education to all regardless of qualification, experience, background, covering fresh school leavers, working adults or silver learners.
On 3rd November 2020, the MCF signed a Bursary Award Agreement with the Nanyang Academy of Fine Arts (NAFA). A sum of $10,800.00 will be disbursed to six (6) recipients who will receive Bursary Awards for $1,800.00 per student. The beneficiaries are Singaporeans who fulfilled the criteria stipulated by the Ministry of Education and have been vetted and nominated by the relevant department of NAFA. The six beneficiaries are undertaking full-time diploma studies across various programs offered by NAFA. The institution established in 1938, is Singapore’s pioneer Art Institution. It has nurtured 13 recipients of the Cultural Medallion, Singapore highest accolade for art practitioners. Another fourteen (14) alumni have been presented the Young Artist Award.
On 15 June 2020, MCF launched its maiden educational financial assistance programme by signing an agreement with the Institute of Technical Education [ITE]. A sum of S$60,000 will be disbursed in two equal yearly instalments of S$30,000 each. The S$60,000 donated by the MCF is matched equally with a S$60,000 donation by the Government making the financial injection into ITE a total of S$120,000.
The first instalment of S$30,000 has been disbursed to ITE which will fund The Masonic Charitable Fund Bursary Awards. Each award will be worth S$2,400 granted to needy students over 2 years by paying a monthly allowance of S$200 per month.
During 20th May to 30th June, MCF conducted fundraising for ITE students impacted by the economic consequences of COVID19. A sum of S$62,819 was raised by MCF comprising a donation of S$20,000 from MCF and generous contributions from Masons and well-wishers. The matching 1:1 contribution of S$62,819 from the Government made the financial contribution to ITE a total of S$125,638.
MCF is currently collaborating with 5 other educational institutions for financial grants and an Endowment Fund.