Page 12 - NYAA Annual Report 2024

Fundraising & Sustainability

The NYAA Association remains deeply grateful for the steadfast support of our key benefactors, in
particular The Tote Board, HSBC Singapore and Dr Stephen Riady Foundation, whose continued
generosity enables the Association to advance its mission of youth development and leadership.

In April 2024, Mr Augus Ang, Chief Executive Officer of RVi Group and NYAA Council, accepted
NYAA's invitation to chair the Fundraising Committee. He suggested several strategic ideas to
enhance fundraising efforts, leveraging the extensive networks of the Board, Council Members,
and the NYAA Gold Award Holders' Alumni (GAHA). Council Members were encouraged to
approach their friends and business associates to contribute to the fundraising efforts.

Although no major fundraising event was held in 2024, the Association remained actively engaged
in pursuing alternative avenues to secure the necessary resources for sustaining and expanding
our programmes. Through direct outreach efforts and strong partnerships, the NYAA was able to
receive valuable contributions from corporations, foundations, and individual donors. (Refer to
Appendix 9 for the full list of donors.)

We extend our heartfelt appreciation to all our supporters whose generosity has enabled the
NYAA to continue empowering young people, nurturing their personal growth, leadership
potential, and social responsibility.

Looking ahead, the NYAA remains committed to proactively seeking strategic partnerships,
collaborations, and fundraising opportunities to ensure the long-term sustainability of our
programmes. Continued financial support is critical to driving our initiatives forward and creating
a meaningful impact in the lives of our youth participants.

NYAA Investment Property

The NYAA Association owns an office unit located at 20 Kramat Lane #04-12, United House,
Singapore 228773, which previously housed the NYAA Secretariat from 1994 to 2001. Since
relocating its operations, the Association has leased out the property to generate rental income,
contributing to the Association's long-term financial sustainability.

As of 31 December 2024, an independent valuation conducted by Realty International Associates
Pte Ltd assessed the property's value at S$1.8 million. The building owners have collectively agreed
to explore the possibility of an en bloc sale of the property. The outcome of this process is expected
to be determined in 2025.

(Refer to Appendix 10 for the full valuation report.)

GOVERNANCE EVALUATION CHECKLIST

Disclosure and Transparency

NYAA Governing Council Members

The NYAA Governing Council upholds the highest standards of governance, accountability, and
transparency. Council Members serve the Association on a voluntary basis, contributing their time,
expertise, and leadership without financial compensation, with the exception of two individuals
who hold full-time executive positions within the Association:

10