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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Ethical/Green Investments

Temasek reorganises its philanthropic organisations to better serve community

Posted on 07 September 2016

Investment company Temasek announced on Tuesday (Sept 6) the launch of its new philanthropic platform, to better serve the evolving needs of the community. “The new platform aims to enhance overall effectiveness by optimising resources in the delivery of programmes to beneficiaries, and to increase collaboration to achieve better outcomes,” said Temasek in a statement.
The platform includes six foundations - instead of eight non-profit philanthropic organisations previously - managing several endowment funds; Temasek Trust which provides financial oversight and governance over the foundations; and a new entity called Temasek Foundation Management Services to drive collaboration among and provide support services for all the foundations………………………………………..Full Article: Source


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