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Stephen Riady donates S$25 million to NUS

21 November 2012

(From left) Prof Tan Tai Yong, NUS Vice Provost (Student Life) chairing the panel of discussion comprising Dr Riady, Mr Chua and Dr Landazabal

(From left) Dr Riady presenting a S$25-million cheque to NUS Provost Prof Tan Eng Chye, with Mr Lito Camacho, Credit Suisse Vice Chairman Asia Pacific and SymAsia Foundation Director, looking on

Dr Stephen Riady, President of the Lippo Group and Chairman of OUE Group, has pledged S$25 million in support of the NUS University Town (UTown) and Yale-NUS College.

The donation will come from the Stephen Riady Group of Foundations, which comprises 11 foundations in Singapore and Hong Kong. The philanthropic platform, launched at the Credit Suisse Philanthropists Forum 2012 on 16 November, uses Credit Suisse Private Banking as its philanthropy advisor.

Dr Riady, who studied in Singapore from a young age, believes that liberal arts represents the education of the future due to an increasingly complex world. Yale-NUS College is Singapore's first liberal arts college, while UTown is the country's model of residential colleges where students stay on campus to experience a rounded intellectual, social and cultural education.

NUS President Professor Tan Chorh Chuan expressed gratitude for the gift which will help the University to continue offering a transformative educational experience that prepares students for the challenges of tomorrow's complex and rapidly changing world.

During a panel of discussion on philanthropy, Dr Riady attributed his religious faith and personal belief in giving back to society as motivations for giving. He supports higher education as he is convinced this will make a difference and impact the world.

Other panelists were Mr Keith Chua, Advisory Board Chairman of Asia Centre for Social Entrepreneurship and Philanthropy at NUS Business School and Dr Fabio Landazabal, Senior Vice President and Area Director Asia Pacific, GlaxoSmithKline (GSK).

The two-day Credit Suisse Philanthropists Forum with the theme "The Pacific Century and Philanthropy: Maximising Donor Impact" saw 30 leading global philanthropists and opinion leaders share their experiences with some 100 participants from around the world. A workshop in partnership with NUS featured topics such as the role of philanthropy and government funding in medical research, how philanthropy can support public policy, and giving to help preserve history.