Aleta Planet Foundation donates $50,000 to North West CDC’s Student Support Fund
Photo caption (left to right): Mr Ryan Gwee, Aleta Planet Founder and Group Chairman; Mr Alex Yam, Mayor of North West District.
Singapore, 12 May 2022 – Aleta Planet Foundation, the philanthropic arm of Singapore fintech Aleta Planet, announced today that it has donated $50,000 to the North West Community Development Council (CDC)’s Student Support Fund, to help increase social mobility of students from less-privileged families.
Aleta Planet was also named a corporate partner of the North West Youth Concert 2022, a fundraising event happening on 22 July. The concert provides a platform for youths to showcase their artistic talents for a good cause to help raise money for underprivileged students. It also creates a channel for individual and corporate donors to contribute to the community through the CDC’s fund.
The fund was set up to provide student bursaries and developmental programmes, as well as to garner donations from members of the public, community and corporations to help needy students defray some of the school expenses or pick up life skills.
Under the WeCare @ North West – Ready for School programme, bursaries are given to kindergarten students to help them prepare for primary school The North West Heart for Students programme rallies school communities, including parents, to raise funds to help less-privileged families cope with school expenses. Under North West CDC’s Student Wise Enrichment Programme, students learn soft skills, such as good manners, social etiquette, and public speaking, to build confidence and improve their interpersonal skills.
Aleta Planet said its staff will also be volunteering in several community outreach programmes under the North West CDC.
Aleta Planet Founder and Group Chairman Ryan Gwee said: “Giving back to the community has always been a part of Aleta Planet’s DNA and we are strongly committed towards investing in children.
“Having a good education helps open doors to many opportunities in life. We are honoured to support North West CDC as it strives to provide less-privileged youth with the help they need to succeed in school and beyond.”
Each year, the North West CDC needs close to $1 million to benefit 13,000 students from low-income families.
Mr Alex Yam, Mayor of North West District, shared about the significance of this year’s fundarising efforts for the Student Support Fund: “2022 will be the 10th anniversary of the Youth Concert. Year-on-year, we have received strong support from our corporate partners, who have contributed towards the Student Support Fund to provide equal opportunity for less-privileged students to achieve the best version of themselves. We are heartened that Aleta Planet Foundation has stepped forward without hesitation to support the meaningful cause, and hope that more corporates will follow in their path.”Aleta Planet Foundation was established two years ago as a donor-advised fund. It works with non-profit organisation Community Foundation of Singapore to identify existing needs of the elderly and children, connects with suitable charity partners and manages the funds it receives.
In 2020, Aleta Planet Foundation donated $100,000 to the Mediacorp Enable Fund, a community fund administered by SG Enable that aims to help build a society where persons with disabilities, including elderly and children, are recognised for their abilities and are able to lead full, socially integrated lives.