$15 million new gift from 42-year-old Facebook co-founder Eduardo Saverin whose fortune is over $30.5 billion and his wife Elaine is directed towards the construction of new STEM labs and a new school
Eduardo Saverin, with an estimated net worth of about $30.5 billion primarily from his Meta Platforms holdings, has the potential for substantial philanthropic impact.
The recent donation to SAS and the creation of their foundation indicate that the Saverins are actively pursuing philanthropic endeavors.
Through their foundation, Eduardo Saverin, 42, and his wife, Elaine 40, have made a significant philanthropic impact in Singapore and beyond.
They most recently donated $15 million to the Singapore American School (SAS), the largest donation in the school’s 68-year history.
This contribution will support the construction of new STEM labs, a Chinese immersion program, modernized play areas, and a new elementary school. Their aim is to create an environment where youth can engage deeply with science, technology, engineering, and mathematics education while fostering AI literacy.
SAS, one of Singapore’s leading international schools, serves 4,000 students on a sprawling 14.5-hectare campus.
The Saverins’ donation underscores their commitment to advancing educational opportunities, particularly in areas that can address global challenges. According to a statement from the Elaine and Eduardo Saverin Foundation, their passion lies in inspiring solutions for critical needs such as healthcare, mental health, sustainability, and underserved communities.
Eduardo Saverin, originally from Brazil, has been a Singapore resident since 2009.
Saverin, who maintains a small stake in Meta, has since channeled his efforts into B Capital, a global investment firm he cofounded.
As co-founder and director of their foundation, Elaine Saverin complements Eduardo’s efforts by focusing on strategic philanthropy.
Together, they aim to create a lasting impact through initiatives that bridge technology and humanity.
Their latest contribution to SAS reflects their forward-looking vision to empower the next generation of thinkers and problem-solvers.
The Saverins’ philanthropic and professional endeavors highlight their dedication to creating meaningful change in their adopted home of Singapore and globally.