Financial Accountability
ADVISORY TO DONORS
- Donations made in response to any overseas disasters or humanitarian crisis are not tax deductible.
- The assistance provided by Singapore Red Cross to communities affected by disasters is made possible by the voluntary donation of time and money from the Singapore public. Public Appeals launched by SRC are disaster and locality specific. SRC is bounded by the rules and regulations laid down by the Commissioner of Charities in the disbursement and management of “solicited funds”.
- There are occasions when SRC decides not to launch any public appeals but members of the public may still come forward to make donations. Such donations for a specific disaster or humanitarian crisis, will be treated in the same way as funds raised through a public appeal, with SRC exercising the same due diligence and care in the disbursement of such funds.
- In the event that donations exceed the expenses incurred by Singapore Red Cross in that specific disaster response, any surplus or unspent money, after 3 years from the date of inception of the fund, can be used to prepare for and serve communities affected by other disasters or may be used to complement or to sustain projects undertaken by SRC in helping the vulnerable in areas affected by disasters.
- The Singapore Red Cross recovers on a descending rate of not more than 5% in administrative fees for all fundraising campaigns or public appeals for overseas relief. These administrative fees are termed as the SRC’s Programme Support Recovery.
