- Why Does SAS Need Additional Sources of Funding?
- Is There a Tax Benefit For My Donation?
- Does SAS Accept Matching Gifts From Companies?
- Can I Designate My Gift?
- What Are the SAS Foundations?
- What is the Endowment Fund?
- How Does the Eagle Gala Play a Role in Fundraising at SAS?
It is increasingly challenging for schools to attract and retain the best teachers, to provide excellent academic and extracurricular programs, and to equip and maintain state-of-the-art facilities. The school board and the administration are aware of the impact of rising costs on our families and their companies who support the school through tuition and fees. As an independent, non-profit school, school fees and fundraising are SAS's only sources of funding. Gifts help to offset the increases in school fees needed to provide the excellence in programming that is the hallmark of an SAS education.
The SAS Foundation Limited (registered in Singapore) and the Singapore American School Foundation (registered in the United States) were established to support and enhance the exemplary educational programs at SAS by providing additional sources of funding, through donations and grants. Donors may qualify for tax benefits in accordance with the laws of the respective countries.
The Endowment Fund was established to assist in securing the financial future of the Singapore American School.
The school's Endowment Fund is a long-term investment account. A large well-invested endowment will mean that the school is assured of another source of income beyond tuition and donations made through annual giving. The principal amount in the fund is intended to remain untouched and increase through donations made each year. Once the fund has reached a target goal, the interest from the fund may be used to support school programs in the current school year.
The fund was established to ensure the long-term financial sustainability of SAS, and ultimately to reduce the school's dependence on tuition and fees to fund program enhancements. In future years, these funds will provide a regular income as well as the long-term stability offered by capital savings.
The first gala dinner, held in 2006 and originally called Star Appeal, helped launch the annual giving program at SAS. This event was recently renamed the Eagle Gala and through 2015, continued to provide a substantial portion of the funds raised each year as all gifts to the Eagle Gala were counted towards the annual fundraising totals.
Beginning in 2016, the Eagle Gala will be an opportunity to recognize and thank donors to SAS, instead of serving as a traditional fundraiser.
We want to give back as we can. Our family owes a debt we can never fully repay.
Adrian Yeap, BUS OPERATOR