The Shaw Foundation Building a pillar of philanthropy. It stands tall a testament to generosity.
This magnificent structure is more than just bricks and mortar. It represents the Shaw Foundation’s decades-long commitment to Singapore. The Shaws believed wealth should be returned to society. They established the foundation in 1957. Their generosity is legendary.
The foundation’s funding comes from shrewd investments. Prime properties donated by the Shaws also contribute. Shaw Centre a luxury office block is a prime example. All revenue from Shaw Centre since the late 1970s has been donated to charity. This commitment is unwavering.
The Shaw Foundation’s impact is immense. It has distributed over US$150 million. The recipients are diverse. Education welfare medicine arts and heritage all benefit. Recent donations went to the National Kidney Foundation. The National University of Singapore and the Singapore Repertory Theatre also received funds.
But the story goes beyond the impressive figures. A heartwarming tradition began in 1948. Sir Run Run Shaw and Tan Sri Runme Shaw gave gifts to the elderly during Chinese New Year. This included rice milk sugar towels and red packets. The tradition continues today although the method of distribution has evolved. Thousands of elderly people benefit annually.
In 1999 the Shaw Foundation made its largest ever donation. A staggering SGD 17.7 million was set aside. The National Kidney Foundation received the largest share. Schools colleges hospitals and medical research all received funding.
The Shaw Foundation Building is more than a building. It symbolizes the enduring legacy of the Shaw brothers. Their commitment to philanthropy is inspiring. Their generosity has touched countless lives. This building stands as a permanent reminder of their impact on Singapore. It’s a story of wealth wisely used. A story of generosity that continues to shape Singapore’s landscape.