Record $200m raised for 2 varsities to honour Lee Kuan Yew
More than 30 donors give to SUTD, NUS to mark Lee Kuan Yew's birthday
A fund-raising drive in honour of former prime minister Lee Kuan Yew has garnered a record $200 million for two universities, making it one of the largest philanthropic gifts ever collected here.
The National University of Singapore (NUS) and Singapore University of Technology and Design (SUTD) had set out in January to raise funds for education to mark Mr Lee's 90th birthday later this month.
Last night, they unveiled their results: More than 30 donors had contributed a total of more than $100 million to each school.
And with the Government set to provide matching grants, each university might end up with anywhere from $200 million to $400 million.