To foster a spirit of giving, we will:
1. Enhance Tax Deduction.
For donations made in this Jubilee Year, tax deductions will be increased to from 250% to 300%. We will also extend the 250% tax deduction for donations, which will expire at the end of 2015, for another three years till the end of 2018.
2. Encourage a Culture of Giving from Young.
We will donate $20,000 to each school to use for the causes that they identify. This initiative will be extended to Polytechnics and ITE, for which the Government will donate $150,000 and $250,000 respectively on behalf of each institution.
 
Source: MOF  #‎SGBudget2015‬