Making Tax Deductible Donations in Singapore with NTUC U Care Fund

In the heart of Singapore's community, a spirit of giving thrives and empowers individuals and businesses to make a real difference in the lives of those in need. NTUC-U Care Fund stands as a beacon of hope, extending a helping hand to lower-income union members and their families. Through the collective generosity of our donors, we strive to build a more inclusive and resilient society, where everyone has the opportunity to thrive.

As the Labour Movement’s charity arm, NTUC-U Care Fund was established In 2009, dedicated to alleviate financial burdens, enable children to build brighter futures, and provide bridging aid in times of contingency. We understand that hardship can strike at any time, impacting various segments of our community. That's why we extend our support to a diverse range of beneficiaries, from lower-income workers facing hardships to aspiring youths pursuing further education and members recovering from work injuries.

We believe that everyone deserves a chance to build a brighter future, and through your generous charity donation, we can empower them to do so. The best part? Your generosity is recognised through tax deductions, allowing you to enjoy tax benefits while making a difference.

Ways to Make a Tax Deductible Donation to NTUC-U Care Fund

Making a difference is just a few clicks away! You can easily contribute to NTUC-U Care Fund through Giving.sg, a secure and convenient online platform. Here are three ways to donate:

• Donate Now: This option allows you to make a direct contribution to the NTUC-U Care Fund. Simply choose your desired amount and proceed to payment.
• Add to Cart: Similar to online shopping, this feature lets you select specific items or initiatives you wish to support. This allows you to direct your contribution to areas that resonate most with you.
• Pledge: For larger contributions or planned giving, this option allows you to commit to a future charity donation. This is a great way to make a significant impact over time.

How to Obtain Your Tax Deduction Receipt for Donations to NTUC-U Care Fund

Ready to make a difference? Here's a step-by-step guide:

For Individual Donors:

1. Sign in: For a quick and seamless experience, use Singpass to access Giving.sg. If you choose manual sign-in, ensure your NRIC details are accurate.
2. Choose your donation amount: Select the amount you wish to donate. Donations need to be $50 or more to be eligible for tax deductions.
3. Select your donation method: Choose from "Donate Now," "Add to Cart," or "Pledge" based on your preference.
4. Provide payment details: Provide your payment information and ensure the "Claim Tax Relief" toggle is switched on to receive your deduction.
5. Complete your donation: Review your details and confirm your donation.
6. Confirmation email: You'll receive a confirmation email shortly after, acknowledging your generous contribution and providing your tax-deductible receipt.

For Corporate Donors:

Making a corporate donation is just as easy. Follow these simple steps:

1. Sign in: Access Giving.sg using your CorpPass for quick and secure access. If you prefer to sign in manually, ensure your company's UEN is included in your organisation's details.
2. Choose your donation amount: Select the amount your company wishes to contribute. For tax deduction purposes, donations must be $50 or above.
3. Select your donation method: Choose from "Donate Now," "Add to Cart," or "Pledge" to align with your company's giving strategy.
4. Provide payment details: Enter your company's payment information and ensure the toggle for claiming tax relief is enabled. You may need to provide additional documentation depending on your company's structure and the donation amount.
5. Complete your donation: Review the details and confirm your company's donation.
6. Confirmation email: You'll receive a confirmation email shortly after, acknowledging your company's generous contribution and providing your tax-deductible receipt for your records.

NTUC-U Care Fund will assist in submitting your eligibility for tax deduction to the Inland Revenue Authority of Singapore (IRAS) to ensure a smooth and hassle-free process for you.

Tax Deduction Benefits for Businesses Supporting NTUC-U Care Fund

Businesses that make tax-deductible NTUC donations can enjoy significant tax benefits, making your philanthropic efforts even more impactful. These donations can reduce your taxable income, leading to lower corporate taxes, which frees up resources for reinvestment in your business.

This financial advantage not only benefits your bottom line but also demonstrates your company's commitment to social responsibility, enhancing your brand image and reputation among customers, employees, and the wider community. By partnering with NTUC-U Care Fund, you're not just giving back; you're investing in a stronger, more resilient Singapore, while also reaping tangible benefits for your business.

Guidelines for Companies Claiming Tax Deductions on Employee or Corporate Donations

To ensure a smooth tax deduction process for your donations, it's crucial to adhere to the IRAS guidelines. Tax deductions are granted for donations made in the preceding calendar year. 

You won't need to declare the donation amount in your income tax return; instead, qualifying donations are automatically included in your tax assessment based on information provided by the Institution of a Public Character (IPC). 

As a registered Charity with IPC status in Singapore, NTUC-U Care Fund is authorised to issue tax deduction receipts for qualifying donations received.

When making a donation to NTUC-U Care Fund, businesses should provide their Unique Entity Number (UEN), full name and tax reference number if they wish to claim tax deductions on their donations. 

However, do not note that donations of $50 or more to NTUC-U Care Fund are eligible for tax deduction.

Transparency in Action: How NTUC-U Care Fund Allocates Donations

At NTUC-U Care Fund, 100% of all donations go directly towards funding our assistance programmes, making a tangible and direct difference in the lives of our beneficiaries. Every dollar of your contribution goes directly to support those in need.

Join us in making a lasting impact on the lives of lower-income union members and their families.

To learn more about our initiatives, read our latest Annual Report.

Make a donation