The SGX Bull Charge, the flagship charity initiative of Singapore Exchange (SGX) has raised $3.63 million for its beneficiaries by clocking over 150,000 km in its Virtual Charity Run, surpassing its target of 100,000 km.
The sum raised came with the support of SGX’s corporate sponsors and individual donors.
At a ceremony held at the SGX Centre on Nov 19, guest-of-honour President Halimah Yacob witnessed the presentation of the cheque to the Community Chest. All proceeds will be channelled to the adopted beneficiaries for 2020. They include: AWWA, Autism Association, Fei Yue Community Services, HCSA Community Services and Shared Services for Charities.
Usually held in the form of a physical race around the Central Business District (CBD), the SGX Bull Charge transformed its 17th annual Charity Run into a virtual event this year. The event began on Oct 30 with Team Singapore Olympian Joscelin Yeo joining 44 CEOs and chiefs of companies in the 3km virtual Chief Challenge, flagged off by C. Kunalan and Team Singapore Paralympian Theresa Goh.
See:Oxley donates to SGX Bull Charge Charity Run 2016
The virtual Mass Run saw over 5,000 participants.
SGX, which donated $1.5 million including matching contributions dollar-for-dollar, will commit an additional 1,000 volunteer hours to charity in appreciation of the strong support from its community for the run.
“We are delighted to have President Halimah Yacob grace this occasion as we celebrate a successful year of supporting our beneficiaries. While it remains a challenging environment for charitable fundraising, we deeply appreciate the support of our global community as we find new ways to assist and care for those who need help the most. We look forward to going the extra mile together,” says SGX CEO Loh Boon Chye.
Shares in SGX closed 2 cents lower or 0.2% down at $9.08 on Nov 19.