Facebook Co-Founder Eduardo Saverin Donates $15 Million to Singapore American School

Eduardo Saverin, who co-founded Facebook, has made a significant donation of S$20 million (approximately $15.5 million) to the Singapore American School (SAS). This is the largest gift in the school’s history, announced by Superintendent Tom Boasberg, who stated that the donation will have a “transformative” impact on the school, which serves students from pre-kindergarten through high school.

The funds from the Saverin family will be used to create exciting new facilities, including modern play areas and advanced STEM (science, technology, engineering, and mathematics) labs at a new elementary school currently under construction. The donation will also support a Chinese immersion program and other important projects aimed at improving the educational experience for students.

Elaine Saverin, Eduardo’s wife, expressed her hope that this donation will benefit thousands of current and future students at SAS. She noted that this gift is a meaningful way for their family to show their commitment to the school community.

Eduardo Saverin moved to Singapore in 2009 and renounced his U.S. citizenship in 2011, just before Facebook went public. His wealth, primarily from his shares in Meta Platforms Inc., is estimated to be around $30.5 billion, according to Bloomberg.

Founded in 1956, Singapore American School has a spacious campus designed for about 4,000 students in the Woodlands area of Singapore. The tuition for high school students is approximately S$49,000 per year, not including additional costs like transportation and other fees.

This generous donation from the Saverin family highlights their commitment to enhancing education and creating better opportunities for students in Singapore. It represents a significant step toward enriching the school’s environment and providing valuable resources for young learners.

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