We refer to the article “Revitalised NKF ready to come out of ‘tortoise shell’” (Straits Times, Oct 27).
It states that “The controversy took a heavy toll: Annual donations plummeted from $73 million in 2004 to $21 million in the past year.
In 2005, a series of three shows could raise as much as $28 million. The last shows were held that year, at a cost of $4 million to $5 million.
The number of individual donors has also fallen 46 per cent from about 280,000 a year to about 152,000.
Why is the tortoise sticking its head out now?
The turning point, said Mr Koh, was a gala dinner which NKF held in April for its 45th anniversary.
“When management proposed we should have a big event, I was a concerned whether the event would get support,” he said.
“A lot of people have given up supporting the NKF… But we were pleasantly surprised that we were able to raise $11.3 million.”"
- According to NKF’s annual report – it had a net surplus for the year of $6.6 million and total funds (reserves) of $289 million.
S Y Lee and Leong Sze Hian
P.S. Come with your family and friends to the 5th Return Our CPF protest on 29 November 4 pm at Speakers’ Corner
https://www.facebook.com/events/796694730417598/