Mr. Oon shared the history and vision of TKKF. The Tan Kah Kee Scholarship Trust Fund was established in 1968 following the receipt of donations during a memorial service held in Singapore for Mr. Tan Kah Kee, who passed away in China in August 1961. The organization was restructured and renamed the Tan Kah Kee Foundation in 1982 when the foundation was granted Institution of Public Character (IPC) status by the government and was allowed to raise an endowment fund of S$8 million to foster education. Though the name has changed, the main objective remains — that is, to carry on the charity works and to foster the Tan Kah Kee spirit in entrepreneurship and dedication to education.