Page 13 - SIF PD Strategy

FINANCIAL

SUSTAINABILITY

SIF?s operations are largely funded by MCI and MFA. Beyond this, the SIF has proactively sought other
ways to fund its programmes through sponsorships and partnerships as well as from its modest
investments and savings.

Moving forward, the SIF will:

Continue to be a Re-evaluate our
Review cost Fund raise in
prudent steward collaboration model
st ruct ure of cash and in-kind
of the resources with partners.
programmes and to cover 30% of
entrusted to us. Where possible, we explore pot ent ial programme costs.
We will endeavour will push for
revenue st reams
to improve our great er co-sharing
that we might do
financial of cost s wit h
more with less.
efficiency and part ners to reduce
effect iveness by SIF?s share of
tracking SIF?s programme
efficiency ratios expenditure.
against global
industry
standards.

In doing this, we will bear in mind public sensitivities given our PD mission and the fact that our work is
largely powered by volunteers who give freely of their time, talent and treasures and would not take kindly
to the SIF monetising their contributions.

In order to deliver on planned changes, the SIF will need to grow the capability and capacity of its people
and organisation. Among the initiatives are to:

- Invest in PD skillset s, content and thought leadership.

- Organise a PD conference t o grow SIF ownership of this space.

- Grow a PD yout h corp t o promot e Singapore overseas and support the SIF?s mission.

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