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Ren Ci gets back its tax-deduction status

The Straits Times, Aug 5, 2008

Singapore -- REN CI Hospital and Medicare Centre got its Institution of a Public Character (IPC) status back from the Ministry of Health (MOH) on Tuesday.

The Buddhist medical charity's fund-raising activities skidded to a halt last November, when the Health Ministry ordered a probe into its books and suspended its IPC status.

Its former chief executive officer, Ming Yi, is facing charges of forgery, helping to falsify its accounts and defrauding the charity of about $300,000.

A Straits Times report in July said that in the last seven months, Ren Ci collected just $1.1 million, down from the $9.3 million that came in over the same period last year.

With the IPC status, Ren Ci is now able to issue double-tax deductible receipts to donors.

Ren Ci's Chairman, Mr Chua Thian Poh said: 'We are very happy to receive this pieace of news. All the hardwork, dedication and determination by Ren Ci team over the past months have been fruitful.'


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