To realise maximum impact, there must be a bigger picture in mind when giving. That is the Khetan Foundation’s philanthropic philosophy: beyond standalone acts of charity, philanthropy is a long-term investment in individuals and communities.
This conviction was reaffirmed on 12 September 2025, when the Foundation formalised three significant agreements with NUS.
Advancing the future of healthcare
Firstly, a gift of S$2 million was made by the Foundation to establish the Khetan Medical Scholarship at the NUS Yong Loo Lin School of Medicine (NUS Medicine). Through the Scholarship, 10 medical undergraduates will benefit from comprehensive support that covers both tuition and living expenses over a five-year study period.
In 2017, the Khetan Foundation opened new doors for medical students through its first gift to set up the Lotus-NUS Medical Bursary. The new Khetan Medical Scholarship funded by the latest gift will provide financial support for more students at NUS Medicine.
Professor Chong Yap Seng (NUS Medicine ’88), Lien Ying Chow Professor in Medicine and Dean of NUS Medicine, noted, “When you invest in medical bursaries or scholarships, you’re investing in someone who will serve society for the next 50 years with care, compassion and comfort for people who need it,” he said. “This is an extremely good investment.”
Investing in innovation
Secondly, the Foundation has made a gift of US$1.5 million to NUS Enterprise, affirming its commitment to nurturing innovation and entrepreneurship. Over the next five years, this gift will fund a launchpad collaboration between NUS and Stanford University, enabling two teams of outstanding students and scholars to participate in Stanford’s acclaimed ME310 | Global Engineering Design Innovation (GEDI) course. The experience will provide them with mentorship, resources and networking opportunities that can translate into cutting-edge products and innovations that will create global impact.
“My hope is that this collaboration will continue to grow over time through the innovations we pursue together. I’m confident that this marks the beginning of a very meaningful relationship. I also see many opportunities for us to collaborate further, and I look forward to exploring them,” said Dr Tan Sian Wee, NUS Senior Vice President (Innovation & Enterprise).
Thirdly, an agreement was signed to enable Lotus One Investment Pte Ltd, part of Lotus Singapore Group and Khetan Foundation, to begin a co-investment collaboration with NUS Enterprise. This is a S$20 million commitment to back NUS start-ups and selected funds, with returns invested into innovation initiatives at the University.
Date: Sept 2025