In 2017, the Ministry of Culture, Community and Youth announced that $50 million will be pledged to match sports donations from Financial Year (FY)2017 till FY2021 with extension for another 5 years (FY2022 to FY2026)
From 1 April 2024:
- The One Team Singapore Fund will be expanded to support the Athletes' Inspire Fund and donations made to SportCares.
- The One Team Singapore Fund (OTSF) will be further extended for another year till FY2027.
- Recognising that athletes in emerging sports who represent Singapore also inspire Singaporeans and contribute to our national pride, the One Team Singapore Fund will be expanded to support the Athletes' Inspire Fund.
- Donations to SportCares will also be eligible for the dollar-to-dollar matching into the central pool of One Team Singapore Fund which can be used for all causes covered under OTSF.