More arts groups transforming into Institutions of Public Character to encourage more donations
More arts groups are turning into not-for-profit organisations - specifically, Institutions of Public Character. From before the COVID pandemic to 2023, there has been a nearly 20% (17.3%) rise in arts groups getting this status. Doing so gives tax benefits to their donors, which could encourage more donations and provide more funding for their programmes and performances.
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Independent Singapore
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CNA
an hour ago
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Independent Singapore
2 hours ago
- Independent Singapore
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