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SPH

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Volume 5,752.3
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Retiree makes third $500k donation to ST Pocket Money Fund

26 Jun 2020 09:00

Retired businessman Loh Kiong Poot, who donated $500,000 to The Straits Times School Pocket Money Fund yesterday, said: "Recently, many families are facing difficulties because people are losing their jobs or earning less. Since I have the capacity to give, I should." ST PHOTO: KUA CHEE SIONG

By Wong Shiying

Retired businessman Loh Kiong Poot gave $500,000 to The Straits Times School Pocket Money Fund yesterday - the third year running he has made donations of this size.

Mr Loh told the newspaper he wants to help children from less privileged backgrounds get through school without going hungry.

The fund started in 2000 to provide pocket money to children from families whose per capita gross monthly household income does not exceed $690. It has helped 170,000 students overall, disbursing around $68 million.

Mr Loh, 76, knows first-hand how important it is to help such children, given that he was kicked out of school at 14.


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Retired businessman Loh Kiong Poot, who donated $500,000 to The Straits Times School Pocket Money Fund yesterday, said: "Recently, many families are facing difficulties because people are losing their jobs or earning less. Since I have the capacity to give, I should." ST PHOTO: KUA CHEE SIONG

Source: Straits Times
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