ÿþ<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN"> <html> <head> <title>The Courage Fund</title> <meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1"> <link href="couragefund.css" rel="stylesheet" type="text/css"> <link href="couragefund.css" rel="stylesheet" type="text/css"> </head> <body leftmargin="0" topmargin="0" marginwidth="0" marginheight="0"> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td colspan="4"><IMG height=104 src="images/logo.gif" width=186></td> <td>&nbsp;</td> <td>&nbsp;</td> <td width="73">&nbsp;</td> <td width="5">&nbsp;</td> <td width="338">&nbsp;</td> <td bgcolor="#f0f7ed"><IMG height=104 src="images/spacer_side2.gif" width=5></td> </tr> <tr> <td width="18" rowspan="6" bgcolor="#e8f0cb"><IMG height=5 src="images/spacer_green.gif" width=18></td> <td width="121" rowspan="5" valign="top"><table width="121" border="0" cellspacing="0" cellpadding="0"> <tr> <td bgcolor="#e8f0cb"><IMG height=20 src="images/spacer_green.gif" width=121></td> </tr> <tr> <td><IMG height=74 src="images/spacer_white.gif" width=121></td> </tr> <tr> <td><table width="121" border="0" cellpadding="0" cellspacing="0"> <tr> <td height="21" bgcolor="#b6cd72"><A class=Textlinks href="intro.htm">introduction</A></td> </tr> <tr> <td height="5"><IMG height=5 src="images/spacer_white.gif" width=2></td> </tr> <tr> <td height="21" bgcolor="#d0a11d"><A class=Textlinks href="trustee.htm">board of trustees</A></td> </tr> <tr> <td height="5"><IMG height=5 src="images/spacer_white.gif" width=2></td> </tr> <tr> <td bgColor="#4e850a" height="21"><A class=Textlinks href="objectives.htm">objectives of courage fund</A></td> </tr> <tr> <td height="5"><IMG height=5 src="images/spacer_white.gif" width=2></td> </tr> <tr> <td height="21" bgcolor="#928f01"><A class=Textlinks href="schemes.htm">the courage fund schemes </A> </td> </tr> <tr> <td height="5"><IMG height=5 src="images/spacer_white.gif" width=2></td> </tr> <tr> <td height="21" bgcolor="#008eb1"><A class=Textlinks href="awards.htm">healthcare humanity awards</A></td> </tr> <tr> <td height="5"><IMG height=5 src="images/spacer_white.gif" width=2></td> </tr> <tr> <td height="21" bgcolor="#0fbdfd"><A class=Textlinks href="bursary.htm">bursary awards</A></td> </tr> <tr> <td height="5"><IMG height=5 src="images/spacer_white.gif" width=2></td> </tr> <tr> <td height="21" bgcolor="#f9a143" class="normalText">financial reporting</td> </tr> <tr> <td height="5"><IMG height=5 src="images/spacer_white.gif" width=2></td> </tr> <tr> <td bgColor="#e5d01d" height="21"><A class=Textlinks href="faq.htm">frequently asked questions</A></td> </tr> <tr> <td height="5"><IMG height=5 src="images/spacer_white.gif" width=2></td> </tr> <tr> <td height="21" bgcolor="#7fa842"><A class=Textlinks href="press.htm">press releases</A></td> </tr> <tr> <td height="5"><IMG height=5 src="images/spacer_white.gif" width=2></td> </tr> <tr> <td height="21" bgcolor="#ab352c"><A class=Textlinks href="message.htm">personal messages</A></td> </tr> <tr> <td height="5"><IMG height=5 src="images/spacer_white.gif" width=2></td> </tr> <tr> <td height="21">&nbsp;</td> </tr> </table> </td> </tr> <tr> <td><IMG height=2 src="images/spacer_white.gif" width=2></td> </tr> <tr> <td><IMG height=60 src="images/spacer_white.gif" width=2></td> </tr> <tr> <td><table width="121" border="0" cellspacing="2" cellpadding="2"> <tr> <td colspan="2" class="MainHeadlines">JOINTLY ORGANISED BY</td> </tr> <tr> <td width="7" valign="top"><IMG height=7 src="images/greencross.gif" width=7></td> <td width="100"><a href="http://www.nhg.com.sg" target="_blank" class="MainLinks">National <br> Healthcare Group</a></td> </tr> <tr> <td valign="top"><IMG height=7 src="images/greencross.gif" width=7></td> <td><a href="http://www.singhealth.com.sg" target="_blank" class="MainLinks">Singapore Health Services</a></td> </tr> <tr> <td valign="top"><IMG height=7 src="images/greencross.gif" width=7></td> <td><a href="http://www.sma.org.sg" target="_blank" class="MainLinks">Singapore Medical Association</a></td> </tr> <tr> <td valign="top"><IMG height=7 src="images/greencross.gif" width=7></td> <td><a href="http://www.sna.org.sg" target="_blank" class="MainLinks">Singapore Nurses' Association</a></td> </tr> <tr> <td valign="top"><IMG height=7 src="images/greencross.gif" width=7></td> <td><a href="http://www.sph.com.sg" target="_blank" class="MainLinks">Singapore Press Holdings</a></td> </tr> <tr> <td valign="top">&nbsp;</td> <td class="MainLinks"><A href="faq.htm"><IMG height=22 src="images/FAQ.gif" width=43 border=0></A></td> </tr> <tr> <td valign="top">&nbsp;</td> </tr> <tr> <td height="23" colspan="2" valign="top" class="normalText">Contact No:<br> <span class="MainHeadlines">64715933</span></td> </tr> <tr> <td colspan="2" valign="top" class="normalText">Email:<br> <span> <A class=MainLinks href="mailto:couragefund@nhg.com.sg">couragefund@nhg.<br> com.sg</A></span> </td> </tr> </table> </td> </tr> </table> </td> <td width="17" rowspan="3" valign="top" bgcolor="#e8f0cb"> <table width="17" border="0" cellpadding="0" cellspacing="0"> <tr> <td height="93" bgcolor="#e8f0cb"><IMG height=94 src="images/spacer_green.gif" width=5></td> </tr> <tr> <td width="17" height="19" bgcolor="#e8f0cb">&nbsp;</td> </tr> <tr> <td height="19" bgcolor="#e8f0cb">&nbsp;</td> </tr> </table> </td> <td width="212" rowspan="3" valign="top" bgcolor="#e8f0cb"> <table width="212" border="0" cellspacing="0" cellpadding="0"> <tr> <td><IMG height=77 src="images/spacer_green.gif" width=20></td> </tr> <tr> <td align="middle" valign="top"><IMG height=212 src="images/community.jpg" width=212></td> </tr> </table> </td> <td width="17" height="21" bgcolor="#e8f0cb"><IMG height=8 src="images/spacer_green.gif" width=17></td> <td width="3" rowspan="6"><IMG height=2 src="images/spacer_white.gif" width=3></td> <td colspan="3" rowspan="5" valign="top" bgcolor="#e8f0cb"> <table width="416" border="0" cellspacing="0" cellpadding="0"> <tr> <td height="23" bgcolor="#f9a143"> <table width="416" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="213"><IMG height=21 src="images/financialinfo-main.gif" width=213></td> <td width="65" bgcolor="#f9a143"><!--<img src="images/spacer_trustee.gif" width="266" height="2">--></td> </tr> </table> </td> </tr> <tr> <td valign="top" bgcolor="#e8f0cb"> <br> <table width="100%" border="0" cellpadding="4" cellspacing="2" bordercolor="#ffffff"> <tr> <td valign="top"><span class="MainHeadlinesOrange"><br><STRONG>Financial Information</STRONG> </span></td> </tr> <tr> <td height="175" valign="top"><table width="552" border="0" align="left" cellpadding="3" cellspacing="0" class="normalText"> <tr valign="bottom"> <td width="141" height="37"><p><strong>Incoming Receipts</strong></p></td> <td width="96"><p><strong>2006<br>(S$'000)</strong></p></td> <td width="96"><p><strong>2007<br>(S$'000)</strong></p></td> <td width="89"><p><strong>2008<br>(S$'000)</strong></p></td> <td width="130"><strong> <P><STRONG>% Increase/ (Decrease) <BR>2008 on 2007</STRONG></P> </strong></td> </tr> <tr bgcolor="#cccccc"> <td height="3" colspan="5"></td> </tr> <tr> <td><p>Donations in Cash</p></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr bgcolor="#f0f0f0"> <td height="14"><p>- Tax Deductible</p></td> <td><p>0</p></td> <td><p>0</p></td> <td><p>0</p></td> <td><p>-</p></td> </tr> <tr> <td height="16" valign="top"><p>- Non-Tax Deductible</p></td> <td valign="top"><p>0</p></td> <td valign="top"><p>0</p></td> <td valign="top"><p>0</p></td> <td valign="top"><p>-</p></td> </tr> <tr> <td><p>Donations in Kind</p></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr bgcolor="#f0f0f0"> <td height="14"><p>- Tax Deductible</p></td> <td><p>0</p></td> <td><p>0</p></td> <td><p>0</p></td> <td><p>-</p></td> </tr> <tr> <td height="16" valign="top"><p>- Non-Tax Deductible</p></td> <td valign="top"><p>0</p></td> <td valign="top"><p>0</p></td> <td valign="top"><p>0</p></td> <td valign="top"><p>-</p></td> </tr> <tr bgcolor="#f0f0f0"> <td height="18" valign="bottom"><p>Grants/Sponsorships</p></td> <td valign="bottom">0</td> <td valign="bottom">0</td> <td valign="bottom">0</td> <td valign="bottom">-</td> </tr> <tr> <td><p>Investment Income</p></td> <td><p>626</p></td> <td><p>573</p></td> <td><p>439</p></td> <td><p>(21%)</p></td> </tr> <tr bgcolor="#f0f0f0"> <td><p>Investment Gains</p></td> <td><p>0</p></td> <td><p>0</p></td> <td><p>0</p></td> <td><p>-</p></td> </tr> <tr> <td><p>Others</p></td> <td><p>0</p></td> <td><p>0</p></td> <td><p>0</p></td> <td><p>-</p></td> </tr> <tr bgcolor="#f0f0f0"> <td height="23" valign="bottom"><p><strong>Total Receipts</strong></p></td> <td valign="bottom"><p><strong>626</strong></p></td> <td valign="bottom"><p><strong>573</strong></p></td> <td valign="bottom"><p><strong>439</strong></p></td> <td valign="bottom"><p><strong>(21%)</strong></p></td> </tr> </table></td> </tr> <tr> <td height="166" valign="top"><br><table width="552" border="0" cellspacing="0" cellpadding="3" class="normalText"> <tr> <td width="146" height="16" valign="bottom"><p><strong>Expenses</strong></p></td> <td width="100" valign="bottom"><p><strong>2006<br>(S$'000)</strong></p></td> <td width="100" valign="bottom"><p><strong>2007<br>(S$'000)</strong></p></td> <td width="98" valign="bottom"><p><strong>2008<br>(S$'000)</strong></p></td> <td width="130" valign="bottom"><p><STRONG>% Increase/ (Decrease) <BR>2008 on 2007</STRONG></p></td> </tr> <tr> <td height="3" colspan="5" bgcolor="#cccccc"></td> </tr> <tr> <td><p>Direct Fund-raising Expenses</p></td> <td><p>0</p></td> <td><p>0</p></td> <td><p>0</p></td> <td><p>-</p></td> </tr> <tr bgcolor="#f0f0f0"> <td><p>Charitable Activities Expenses</p></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td><p>- Local</p></td> <td><p>401</p></td> <td><p>355</p></td> <td><p>489</p></td> <td><p>38%</p></td> </tr> <tr bgcolor="#f0f0f0"> <td><p>- Overseas</p></td> <td><p>0</p></td> <td><p>0</p></td> <td><p>0</p></td> <td><p>&nbsp;</p></td> </tr> <tr> <td height="33" valign="top"><p>Operating/Administration Expenses</p></td> <td>26</td> <td>38</td> <td>36</td> <td>(5%)</td> </tr> <tr bgcolor="#f0f0f0"> <td height="33" valign="top"><p>Others</p></td> <td>0</td> <td>21</td> <td>64</td> <td>-</td> </tr> <tr> <td><p><strong>Total Expenditure</strong></p></td> <td><p><strong>427</strong></p></td> <td><p><strong>414</strong></p></td> <td><p><strong>589</strong></p></td> <td><p><strong>42%</strong></p></td> </tr> <tr bgcolor="#f0f0f0"> <td><p><strong>Excess (Deficit)</strong></p></td> <td><p><strong>199</strong></p></td> <td><p><strong>159</strong></p></td> <td><p><strong><font color="red">(150)</font></strong></p></td> <td><p><strong>(194%)</strong></p></td> </tr> </table></td> </tr> <tr> <td height="299" valign="top">&nbsp;<table width="552" border="0" cellspacing="0" cellpadding="3" class="normalText"> <tr> <td width="146" height="17" valign="bottom"><p><strong>Balance Sheet</strong></p></td> <td width="100" valign="bottom"><p><strong>2006<br>(S$'000)</strong></p></td> <td width="100" valign="bottom"><p><strong>2007<br>(S$'000)</strong></p></td> <td width="99" valign="bottom"><p><strong>2008<br>(S$'000)</strong></p></td> <td width="129" valign="bottom"><strong> <P><STRONG>% Increase/ (Decrease) <BR>2008 on 2007</STRONG></P> </strong></td> </tr> <tr> <td height="3" colspan="5" bgcolor="#cccccc"></td> </tr> <tr> <td><p><strong><U>ASSETS</U></strong></p></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr bgcolor="#f0f0f0"> <td><p>Land and Building</p></td> <td><p>0</p></td> <td><p>0</p></td> <td><p>0</p></td> <td><p>-</p></td> </tr> <tr> <td><p>Other Tangible Assets</p></td> <td><p>0</p></td> <td><p>0</p> </td> <td><p>0</p> </td> <td><p>-</p></td> </tr> <tr bgcolor="#f0f0f0"> <td><p>Investments</p></td> <td><p>0</p></td> <td><p>5,903</p></td> <td><p>9,579</p></td> <td><p>-</p></td> </tr> <tr> <td><p>Inventories</p></td> <td><p>0</p></td> <td><p>0</p></td> <td><p>0</p></td> <td><p>-</p></td> </tr> <tr bgcolor="#f0f0f0"> <td><p>Accounts Receivable</p></td> <td><p>0</p></td> <td><p>114</p></td> <td><p>84</p></td> <td><p>-</p></td> </tr> <tr> <td><p>Cash &amp; Deposits</p></td> <td><p>20,634</p></td> <td><p>14,750</p></td> <td><p>10,904</p></td> <td><p>(26%)</p></td> </tr> <tr bgcolor="#f0f0f0"> <td><p>Others</p></td> <td><p>0</p></td> <td><p>0</p></td> <td><p>0</p></td> <td><p>-</p></td> </tr> <tr> <td height="24"><p><strong>Total Assets</strong></p></td> <td><p><strong>20,634</strong></p></td> <td><p><strong>20,767</strong></p></td> <td><p><strong>20,567</strong></p></td> <td><p><strong>(1%)</strong></p></td> </tr> <tr> <td height="33" valign="bottom"><p><strong><U>FUNDS</U></strong></p></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> </tr> <tr valign="top" bgcolor="#f0f0f0"> <td><p>Unrestricted Fund</p></td> <td><p>18,728</p></td> <td><p>18,887</p></td> <td><p>18,737</p> </td> <td><p>(1%)</p></td> </tr> <tr valign="top"> <td><p>Restricted Fund</p></td> <td><p>0</p></td> <td><p>0</p></td> <td><p>0</p> </td> <td><p>-</p></td> </tr> <tr valign="top" bgcolor="#f0f0f0"> <td> <p>Endowment Fund</p></td> <td height="10" bgcolor="#f0f0f0"><p>0</p></td> <td><p>0</p></td> <td><p>0</p></td> <td><p>-</p></td> </tr> <tr valign="top"> <td height="25"><p><strong>Total Funds</strong></p></td> <td><p><strong>18,728</strong></p></td> <td><p><strong>18,887</strong></p></td> <td><p><strong>18,737</strong></p></td> <td><p><strong>(1%)</strong></p></td> </tr> <tr> <td height="33" valign="bottom"><p><strong><U>LIABILITIES</U></strong></p></td> <tr bgcolor="#f0f0f0"> <td><p>Long-Term Liabilities</p> </td> <td>1,821</td> <td>1,806</td> <td>1,781</td> <td>(1%)</td> </tr> <tr> <td><p>Current Liabilities</p></td> <td><p>85</p></td> <td><p>74</p></td> <td><p>49</p></td> <td><p>(34%)</p></td> </tr> <tr bgcolor="#f0f0f0"> <td height="25" valign="center"><p><strong>Total Liabilities</strong></p></td> <td><p>1,906</p></td> <td><p>1,880</p></td> <td><p>1,830</p></td> <td><p>(3%)</p></td> </tr> <tr> <td height="46"><p><strong>Total Liabilities and<br>Funds</strong></p></td> <td><p><strong>20,634</strong></p></td> <td><p><strong>20,767</strong></p></td> <td><p><strong>20,567</strong></p></td> <td><p><strong>(1%)</strong></p></td> </tr> </table></td> </tr> <tr> <td valign="top"> &nbsp;<table width="552" height="119" border="0" cellpadding="3" cellspacing="0" class="normalText"> <tr valign="top"> <td width="143" valign="bottom"><p><strong>Other Information</strong></p></td> <td width="111" valign="bottom"><p><strong>2006<br>(S$'000)</strong></p></td> <td width="110" valign="bottom"><p><strong>2007<br>(S$'000)</strong></p></td> <td width="110" valign="bottom"><p><strong>2008<br>(S$'000)</strong></p></td> <td width="110"><strong> <P><STRONG>% Increase/ (Decrease) <BR>2008 on 2007</STRONG></P></strong></td> </tr> <tr> <td height="3" colspan="6" bgcolor="#cccccc"></td> </tr> <tr> <td height="45"><p>Donations/ Grants and Sponsorship given to other Charities (S$'000)</p></td> <td><p>10</p></td> <td><p>0</p></td> <td><p>28</p></td> <td>&nbsp;0%</td> </tr> <tr bgcolor="#f0f0f0"> <td height="28"><p>No. of Employees</p></td> <td><p>0.5</p></td> <td><p>0.5</p></td> <td><p>0.5</p></td> <td>&nbsp;0%</td> </tr> <tr> <td><p>Total Employee Costs (S$'000)</p></td> <td><p>9</p></td> <td><p>12</p></td> <td><p>21</p></td> <td>75%&nbsp;</td> </tr> <tr bgcolor="#f0f0f0"> <td><p>Total Related Party Transactions (S$'000)</p></td> <td><p>10</p></td> <td><p>13</p></td> <td><p>28</p></td> <td><p>115%</p></td> </tr> <tr> <td><p>Fund-raising efficiency</p></td> <td><p>0</p></td> <td><p>0</p></td> <td><p>0</p></td> <td><p>-</p></td> </tr> <tr bgcolor="#f0f0f0"> <td><p>Ratio of reserves to annual operating expenditure</p></td> <td><p>43.86</p></td> <td><p>45.62</p></td> <td><p>31.81</p></td> <td><p>(30%)</p></td> </tr> </table> <table width="552" border="0" cellpadding="3" cellspacing="0" class="normalText"> <tr valign="top"> <td width="584"> <P><BR>The Courage Fund was to receive contributions and donations from public and corporates. The government provided an initial $1 million grant in addition to a dollar to dollar grant to match the cash donations received by the Fund. With effect from 1 January 2006, the government had ceased to provide further matching grants for the Fund. </P> </td> </tr> </table></td> </tr> <tr> <td valign="bottom" class="MainHeadlinesOrange"></td> </tr> <tr> <td height="250" valign="top"> <table width="552" border="0" cellspacing="0" cellpadding="2" class="normalText"> <tr> <td valign="top" colspan=2> <span class="MainHeadlinesOrange"><STRONG>Non-Financial Information</STRONG> </span><br> </td> </tr> <tr> <td height="3" colspan="2" bgcolor="#eaeaea"></td> </tr> <tr> <td valign="top"> <b> <span class="bodyHeader"> Name of Organisation:</span></b><br> The Courage Fund<br><br> <b>Address:</b><br> c/o National Healthcare Group<br> 6 Commonwealth Lane,<br> #06-01 GMTI Building<br> Singapore 149547 </td> <td valign="top" width="300"> <p> <b> <span class="bodyHeader">Contact Information</span></b><br> <br> <b>Contact Person:</b> Ms Jacqueline Chin<br> <b>Telephone No:</b> 6496 6818<br><br> <b>Fax No:</b> <font class=font9>6496 6871<br> </font><b>Email Address</b><font class=font9><b>:</b> couragefund@nhg.com.sg</font><br> <b>Web-site Address:</b> <a href="http://www.couragefund.com.sg/" target="_blank"> <span class="topLink">http://www.couragefund.com.sg/</span></a><BR> </p> </td> </tr> <tr> <td height="3" colspan="2" bgcolor="#eaeaea"></td> </tr> <tr> <td valign="top"><p> <span class="bodyHeader"><b>Charity Status<BR> </b><br> </span><b>Charity Regn No:</b>1711<br> <b>Charity Regn Date:</b> 22 July 2003</p> <p> <b>Constitution</b><font class=font9><b> :</b> Charity<br> </font><b>Date of Establishment</b><font class=font9><b>:</b> 10 April 2003<br> </font><b>ROS/RCB Regn No</b><font class=font9><b>:</b> NA</font><br> </p> </td> <td valign="top" width="300"> <p> <b> <span class="bodyHeader">IPC Status</span></b></p> <p> <b>Effective Date</b><font class=font9><b>:</b> 10 April 2003 to 09 April 2005</font><br> &nbsp;</p> </td> </tr> <tr> <td height="3" colspan="2" bgcolor="#eaeaea"></td> </tr> <tr> <td valign="top"> <b>Objectives:</b><p><STRONG>Objective 1: <BR></STRONG>To provide relief to SARS victims and healthcare workers and their dependents, and any persons placed under quarantine orders as a result of SARS. Under this objective, the Fund disbursed financial aid to SARS victims and healthcare workers through the following schemes: <BR>a. Relief Schemes for SARS<BR>&nbsp;&nbsp;&nbsp; victims <BR>b. Education Grants for children<BR> &nbsp;&nbsp;&nbsp; of deceased SARS victims</p><p><STRONG>Objective 2:<BR></STRONG>To support any charitable purposes for the benefit of healthcare workers, especially in relation to the advancement of education, the protection of health and relief of poverty, distress and sickness. Under this objective, the Fund introduced the following schemes: <BR>a. Bursary Awards for Nurses<BR>&nbsp;&nbsp;&nbsp; and Allied Health<BR>&nbsp;&nbsp;&nbsp; Professionals <BR>b. Healthcare Humanity<BR> &nbsp;&nbsp;&nbsp; Awards</p><p><STRONG>Objective 3:<BR></STRONG> To support any charitable purposes for the benefit of the general Singapore community who may be affected by widespread infectious diseases. Under this objective, the Fund set up the Professional/Fellowship in Epidemiology and Infectious Disease, in collaboration with the National University of Singapore. The balance of the Fund has been put up into an endowment fund, which can be drawn upon in the event of SARS resurgence or other public health emergencies. The annual interest income of the endowment fund is used to support the Health Humanity Awards.</p> <p>&nbsp;</p> </td> <td width=350 valign="top"> <p><b><span class="bodyHeader">Programs/Activities</span></b> <p><STRONG>Courage Awards</STRONG><BR> Courage awards relate to awards made to healthcare workers who made commendable contribution during the SARS crisis. No grants were awarded in 2008.</p> <p><STRONG>Education Grant</STRONG><BR> Education Grant relates to the Fund s obligation in respect of basic education grants to be disbursed to children of victims who lost their lives to SARS and who were the income contributors of the family. The provision of the grant is calculated by estimating the amount of education costs that will be incurred over the schooling years of these children up to the level of degree education. In 2008, $38.2K was disbursed for this purpose.</p> <p><STRONG>Healthcare Humanity Awards</STRONG><BR> For 2008, a total of $72K was spent on awards to honor and recognize 48 outstanding healthcare workers who are inspirational role models exemplifying the values of courage, extraordinary dedication, selflessness, steadfastness in ethics, compassion and humanity.</p> <p><STRONG>Courage Fund Bursary Awards</STRONG><BR> For 2008, a total of $344K was spent on Bursary awards for nursing and allied health staff to enable them to pursue diploma, degree and post-graduate qualification in nursing and healthcare disciplines.</p> <p><STRONG>Direct Charitable Donation</STRONG><BR> For 2008, a total of $28K of charitable donations was made by the Fund with the objective of supporting initiatives towards protecting Singapore s general population against widespread of infectious diseases.</p> <p><STRONG>Key Management Personnel Compensation</STRONG><BR> Key management personnel of the Fund are those persons having the authority and responsibility for planning, directing and controlling the activities of the Fund. The Working Committee is considered as key management personnel of the Fund. The Working Committee did not receive any form of remuneration in the financial year.<br></p> </td> </tr> <tr> <td height="3" colspan="2" bgcolor="#eaeaea"></td> </tr> <tr> <td valign="top" colspan=2> <p><STRONG>Board of Trustees</STRONG><BR> Mdm Kuok Oon Kwong, Chairman*<BR> Mr Michael Lim Choo San, Chairman**<BR> Mr Bernard Chen Tien Lap, Member**<BR> Prof Low Cheng Hock, Member <BR> Ms Susie Kong Suet Har, Member <BR> Mr Alan Chan Heng Loon, Member <BR> Dr Lim Suet Wun, Member</p> <EM>*appointed 15th April 2009 <BR> **resigned 14th April 2009 </EM> <p><STRONG>Working Committee</STRONG><BR> Dr Lim Suet Wun, Chairman <BR> Ms Lim Yee Juan, Treasurer* <BR> Mr Paul Yong, Treasurer**<BR> Ms Jacqueline Chin, Secretary**<BR> <EM>*stepped down 8th May 2008 <BR> **appointed 8th May 2008 </EM> </p> <p><STRONG>Auditor:</STRONG> KPMG <BR><STRONG>Banker :</STRONG> Citibank and DBS Bank</p> </td> </tr> </table></td> </tr> <tr> <td class="MainHeadlinesOrange"> <P></P> </td> </tr> </table> </td> </tr> </table> </td> <td rowspan="5" valign="top" bgcolor="#e6f1d1"> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td bgcolor="#c9db9c"><IMG height=23 src="images/spacer_side.gif" width=5></td> </tr> <tr> <td>&nbsp;</td> </tr> </table> </td> </tr> <tr> <td bgcolor="#e8f0cb"><IMG height=8 src="images/spacer_green.gif" width=17></td> </tr> <tr> <td height="157" bgcolor="#e8f0cb"><IMG height=8 src="images/spacer_green.gif" width=17></td> </tr> <tr> <td bgcolor="#e8f0cb">&nbsp;</td> <td bgcolor="#e8f0cb">&nbsp;</td> <td bgcolor="#e8f0cb">&nbsp;</td> </tr> <tr> <td height="306" bgcolor="#e8f0cb">&nbsp;</td> <td bgcolor="#e8f0cb">&nbsp;</td> <td bgcolor="#e8f0cb">&nbsp;</td> </tr> <tr> <td width="121" height="75">&nbsp;</td> <td bgcolor="#e8f0cb">&nbsp;</td> <td bgcolor="#e8f0cb"><table width="212" border="0" cellpadding="0" cellspacing="0" bordercolor="#666666"> <tr valign="center"> <td width="124" align="right" class="normalText">The Courage Fund<br> is administered by<br> the National<br> Healthcare Group</td> <td width="10" height="49" align="right" valign="top" class="normalText"> <p><IMG height=8 src="images/spacer_background.gif" width=8></p> </td> <td width="80" align="right"><IMG height=60 src="images/nhglogo.gif" width=80></td> </tr> </table> </td> <td bgcolor="#e8f0cb">&nbsp;</td> <td bgcolor="#e8f0cb"><IMG height=8 src="images/spacer_background.gif" width=73></td> <td bgcolor="#e8f0cb">&nbsp;</td> <td bgcolor="#e8f0cb">&nbsp;</td> <td bgcolor="#e6f1d1">&nbsp;</td> </tr> <tr> <td height="30">&nbsp;</td> <td colspan="6" align="right" class="normalText">produced by </td> <td align="right" class="normalText"><div align="left"><IMG height=2 src="images/spacer_white.gif" width=5></div> </td> <td align="right" class="normalText"><div align="left"><a href="http://www.nxspace.com" target="_blank"><IMG height=17 src="images/nxspacelogo.gif" width=88 border=0></a></div> </td> <td>&nbsp;</td> </tr> </table> </body> </html>