Keppel Sets Up Charitable Foundation
Keppel Corporation launch Keppel Care Foundation Limited to help the needy & under-privileged, promote education & encourage eco-friendly initiatives.
The Keppel Group of Companies (Keppel) will commit up to S$50 million over the next ten years to the Foundation.
In line with Keppel's key thrusts of Sustaining Growth, Empowering Lives and Nurturing Communities, the Foundation will support organisations which have been conferred Institutions of Public Character status, and reach out to support worthy causes with the following key objectives:
- Advance and improve the well-being of the poor, needy, aged or underprivileged and promote and foster community spirit
- Advance the cause of education, whether general, professional or technical
- Promote, foster and support efforts to improve and protect the environment
- Provide relief from human suffering and improve the standard of human life by the prevention, combating and treatment of sickness and disease.
Former President of the Republic of Singapore, Mr S R Nathan, launched the Keppel Care Foundation today at a fundraising concert to celebrate Keppel Offshore & Marine's 10th anniversary. At the launch, President Nathan also witnessed the presentation of cheques from the Foundation totalling S$6.7 million.
In his speech at the launch of the Foundation, Dr Lee Boon Yang, Chairman of Keppel Corporation, said, "Over the years, the Keppel Group has actively engaged our community in Singapore and abroad where we do business. We have contributed to many charitable activities.
The Keppel Group of Companies includes Keppel Offshore & Marine, Keppel Energy, Keppel Integrated Engineering, Keppel Telecommunications & Transportation (Keppel T&T) and Keppel Land, among others.