Ngee Ann Kongsi - Ngee Ann Polytechnic

Ngee Ann Polytechnic

Through the visionary efforts of Dr Lien Ying Chow who was President of the Kongsi thrice in the late 1950s and early 1960s, Ngee Ann Polytechnic started out as Ngee Ann College based at the Teochew Building on Tank Road in 1963. The college later moved to the Kongsi's land in Clementi, changing its name to Ngee Ann Technical College, before taking on its current name in 1982. Ngee Ann Polytechnic is now internationally acclaimed for its academic excellence and close industry links. Some 14,300 full-time and 5,400 part-time students attend classes at the 36-hectare campus in more than 20 fields of study offered by 14 academic departments. It is the second oldest polytechnic in Singapore.

The Kongsi contributes 75% of its yearly surplus to the polytechnic; and to date, it has donated about $100 million to the polytechnic.

But a change in the ordinance in 2007, parliament has approved and decreed that the Kongsi will henceforth reduce the donation to 25% of the yearly surplus, while the remaining amount be donated to other educational institutions in Singapore. The Kongsi now contributes 25% of its revenues to the polytechnic since the change in the Ngee Ann Kongsi (Incorporation) Ordinance, which was passed in July 2007.

Among the first educational institutions to benefit from the new adjustment are:
National University of Singapore SGD$3 million
Nanyang Technological University SGD$3 million
Singapore Management University SGD$3 million
School of the Arts - SOTA SGD$12 million
National Junior College SGD$0.5 million
Convent of the Holy Infant Jesus
Autism Resource Centre
Jurong Junior College
School of Science and Technology, Singapore SGD$8.1 million