Nanyang Technological University's medical school has received a $20 million donation from the Toh Kian Chui Foundation. With the Government matching between $1.50 to $3 for every dollar given, the total endowment may amount to $50 million for the Lee Kong Chian School of Medicine.
The money will be used to fund a Distinguished Professorship, which aims to attract renowned clinicians and scientists to the school. The money will also fund scholarships and, gold medal and cash prize for top performing medical students from each cohort.
The medical school, which opens in July, is a partnership between the university and Imperial College London. A three-storey annex at the school's headquarters on Mandalay Road will be named after Mr Toh Kian Chui, in recognition of the gift.
Mr Toh started one of the first road construction companies in Singapore in 1948. The company, Swee Constructions, paved the runway for Singapore's Changi Airport in the 1960s.