FOON Yew High School’s Seri Alam branch is seeking funds to pay an outstanding bill of RM26mil for its construction.
Foon Yew High School board chairman Tay Chin Hien said they were unable to hold any large-scale fundraising events as planned due to the Covid-19 pandemic.
“We had to keep postponing our fundraisers, which made it difficult for us to raise the money needed for construction costs,” he said.
The Seri Alam branch has managed to obtain approval from the Inland Revenue Board (IRB) for donations to be tax-exempt after the initial tax-exemption period expired in February last year.
“We have been given tax exemption status until Jan 31, 2023 so we hope the public will continue donating,” he added.
Tay said the main school and its two branches were implementing home-based teaching and learning as they remained closed following a directive from the Education Ministry.
“The board decided to waive various fees for students at the main campus in Stulang and the Kulai and Seri Alam branches totalling RM1.48mil.”
The waiver of computer and science laboratory fees as well as practical fees for the hospitality as well as electrical and electronics courses are expected to save students RM666,385 (main campus), RM713,336 (Kulai branch) and RM100,085 (Seri Alam branch).
Tay noted that the board had distributed some RM3.12mil in grants to 1,176 students at all three schools so far this year.
“The bursaries were made possible by using the interest we had received from donations in previous years.
“However, with the falling interest rate, we are facing a shortage of funds to support needy students,” he said.
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