(4 Feb 2022) Singapore Institute of Technology (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.
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).
More details can be found here.
