Flight of the donor dollar

9 Dec 2008, Business Times

THE downturn has come home to bite Singapore’s ‘home for the Arts’ as donors turn coy over their spending. The Substation expects a 50 per cent drop in corporate donations and sponsorships – which stand at about half-a-million dollars – said general manager Julie Englefield. She noted that nine out of 10 of its top donors are in the financial services and one major corporate sponsor has seen business going down by 20 per cent.