Silent Foundation





Last Update: January 18, 2023

About us

The Silent Foundation was founded on 14 July 2010 by Mr Teng Ngiek Lian. It is a registered charity in Singapore. Mr Teng was born in Terengganu, Malaysia. After completing his O levels at the age of 18, he left school and started work. He took part-time work to support his studies and eventually qualified as a chartered certified accountant and a chartered secretary. He climbed his corporate career first as a clerk, later bookkeeper, accountant, financial comptroller, COO and finally a CEO. In 1996, he fulfilled his dream to manage his own business and founded an asset management business called Target Asset Management. In 2010, at the age of 60, Mr Teng founded The Silent Foundation. He felt that he benefited tremendously from society all these years and it is his duty to pay back. Funded by the Teng family, the Foundation today has an Endowment Capital Sum of S$50 million. The foundation is named The Silent Foundation as it is dedicated to assist the ‘silent sufferers’. Silent sufferers refer to those who have been overlooked by society and tend to be voiceless. This is in line with Mr Teng’s professional work as he practices value investing which focuses on the overlooked and unloved sectors.