SIA launching foundation to help students in need, grow aviation industry

To help people and communities in need and spur growth in Singapore’s aviation industry, national carrier Singapore Airlines (SIA) will be launching the Singapore Airlines Foundation. SIA said on May 17 it will contribute $30m to an endowment fund and the resulting income earned will be used to fund the foundation. An endowment fund refers to a portfolio of investments with the initial capital typically derived from donations. The foundation will be established in the near future as a company limited by guarantee. A company limited by guarantee is usually formed as a non-profit entity that has some public or national interest. The foundation will be launching two programmes. Story has details.<br/>