Philanthropic donations jumped 96%, Low Tuck Kwong Foundation the largest giver.
The foundation donated $101 million to the Lee Kuan Yew School of Public Policy in 2023.
The total amount of grants hit $431 million, a 96 per cent jump from $220 million the year before.
Forty organisations distributed more than $1 million each, and the top 10 accounted for $338 million in total grants.
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Washington, D.C. based incubator for social entrepreneurs, Halcyon Incubator, has selected seven ventures to move into the newly renovated Halcyon House in September for its inaugural class of fellows.