$1.3 bil worth of initiatives launched to commemorate Singapore bicentennial

SINGAPORE (Feb 18): In commemoration of Singapore’s bicentennial this year, the Singapore government is introducing two special initiatives to "support the spirit of giving back” in the form of a $200 million Bicentennial Community Fund, as well as a $1.1 billion Bicentennial Bonus.

The Bicentennial Community Fund will provide dollar-for-dollar matching for donations made to Institutions of a Public Character (IPCs) in FY19.

It comes as part of Singapore’s efforts to ensure a good distribution of support for all donations to IPCs which do not currently receive government matching, as well as to increase the positive impact of the IPCs’ work.