So in 2003, the subsidy for kidney patients was only 10.5cents
out of every $1! From sammyboy forum:
PeasantMoNkEy (PMonkey10) 1-Mar 20:59
Steve Chia's Parliamentary Speech BEFORE the NKF Scandal
Broke:
Extract of NCMP Steve Chia's Speech in Parliament in July 05 on the
NKF debate:
Sir, it is this betrayal of trust of the public. The public had
trusted the NKF management to be honourable in their dealings. They
had implicit trust that the money they had donated was being put to
good use, by subsidising and helping the kidney patients.
Singaporeans, young and old, healthy and sick, are constantly
encouraged, urged and, to some extent, pestered to donate their
limited hard-earned money to the NKF to help the needy kidney
patients, and they have done so, not knowing how the donated money
is to be spent.
Some members of the public had worked out the NKF figures and
emailed me. In the 2003 NKF Report, NKF had spent $31.6 million on
dialysis and transplantations but collected back $24.4 million from
its patients, thus spending only $7.2 million on subsidising the
patients. Yet, it collected $68.2 million in donations with a fund
raising expense of $16.6 million. Sir, this worked out to a cost of
24.3 cents per $1 raised, which is within the charity fund raising
law.
However, if you include the public relations, education,
administration and salary expenses, we realise that the
non-clinical-related expenses are actually $37.5 million. This is
55% of the donations received and that means, for every $1 that the
NKF raised or received, 24.3 cents go to the fund raising exercise,
30.6 cents go to the public relations, education, administration
and salaries, 34.6 cents go to the NKF reserves, and I repeat, only
10.5 cents go directly to subsidise the patients.
