To celebrate the 100th anniversary of the birth of Singapore’s founding father Lee Kuan Yew, the Hong Leong Group of Companies banded together to support the Lee Kuan Yew Centennial Fund that supports the education and development of Singapore’s youth. The Fund was launched by Singapore Deputy Prime Minister and Minister for Finance Mr Lawrence Wong on 30 May 2023.
The companies that contributed are City Developments Limited (CDL), Hong Leong Holdings Limited (HLHL), Hong Leong Finance (HLF), Hong Leong Asia (HLA), and Hong Leong Foundation.
Mr Kwek Leng Beng, Executive Chairman of Hong Leong Group, said, “We are proud to support the Lee Kuan Yew Centennial Fund and its initiatives towards the nurturing and engaging of our Singaporean youth. Those of us who lived through his time remember the legendary man’s career, but the younger generation may not be aware of the early seeds he had sowed to grow our nation from the very start. All of us are beneficiaries of Lee Kuan Yew’s legacy, the ideals he represented, and his dedication. We humbly celebrate his centennial anniversary, and may our nation continue to bear the fruit of his achievements in years to come.”
Managed by Singapore Ministry of Education (MOE), the Lee Kuan Yew Centennial Fund was established by business leaders to invest and support the development of Singapore youth to become visionary leaders and shape Singapore's future.
Some of its key initiatives include the Singapore Young Leaders Programme (SYLP), which aims to empower about 1,000 student leaders from tertiary institutions such as Institute of Technical Education (ITE), polytechnics and autonomous universities with leadership opportunities for Singapore’s future. The Fund also provides funding for the expansion of Lee Kuan Yew Scholarship Awards, Lee Kuan Yew Post-Graduate Scholarship for Urban Greenery and Ecology and additional support for ITE and polytechnic students.
The Government will provide a one-off dollar-for-dollar matching, capped at a total of S$50 million to encourage donations to the Fund. To date, the Fund has received $82.3 million in donations from over 20 donors.
Please click here for more details on the Lee Kuan Yew Centennial Fund.
