NKF S$900,000 in the red – its first deficit in 10 years
For the first time in a decade, the National Kidney Foundation (NKF) is in the red. In its latest fiscal year ending June 2009, NKF had a deficit of S$900,000.
The lack of donations and a dip in investment income were cited as reasons for the deficit.
S$18.5 million were received in donations, a 26 per cent [...]