Facebook Cofounder Saverin Gives $15 Million to Singapore School

The family of billionaire Eduardo Saverin, who co-founded Facebook with Mark Zuckerberg, made a S$20 million ($15.5 million) donation to the Singapore American School, the institution announced.

The donation is the largest gift in the school’s history, Superintendent Tom Boasberg wrote in a weekly email sent Friday, saying it would have a “transformative” effect on the institution, which serves pre-kindergarten through high school students.

“The Saverin family gift will support the creation of world-class play spaces, cutting edge STEM labs” and other improvements at a new elementary school, currently under construction, Boasberg wrote. It will also aid a ...