2425 Annual Report
A World Leader in Education Cultivating Exceptional Thinkers Prepared for the Future
LETTER FROM THE BOARD CHAIR
In 2024–25, our community enjoyed many educational and relationship-building opportunities, from Classroom Without Walls to Friday Night Lights, music, dance, and theater performances to IASAS sports competitions, Marathon Club and Interim Semester. Thank you! Your contributions bring us together and help create memories for our students that will last a lifetime.
As we reflect on our board work last year, there are several milestones that I would like to mention.
FOCUSED ON THE FOLLOWING STRATEGIC AREAS
We are thrilled to see our elementary students thriving in our recently opened elementary school. This project was years in the making, and the feedback from students, educators, and parents has been overwhelmingly positive. We are thankful to our facilities team and contractors for their dedication and effort to bring the vision for this space to life. We are now looking forward to beginning work on our middle school as we move into phase two of this project. For more information, visit our SAS Reimagined website. IN 2024–25, THE SCHOOL BOARD
ENSURE SUCCESSFUL MONITORING AND IMPLEMENTATION OF THE STRATEGIC PLAN 2. OVERSIGHT OF SAS REIMAGINED
We worked closely with the school this year to oversee the fourth year of our SAS2027 strategic plan implementation. We are pleased with progress in key areas, including socialemotional wellness, mathematics, college counseling, world language, and .
3. ENSURE SHORT- AND LONG-TERM FINANCIAL HEALTH OF THE SCHOOL
In partnership with the board’s Finance Committee, we examined both short-term and long-term cash flows of the school, approved this year’s budget, and discussed the long-term strategic asset allocation of the school’s invested reserves. We are pleased that the school continues to be in a strong financial position with a positive outlook going forward. The school continues to meet or exceed its budget targets, and has made impressive steps forward in the area of advancement.
LETTER FROM THE BOARD CHAIR
Led by the board’s Nominations and Governance Committee, we held a successful election last spring and conducted our first appointment as we move toward a split-model which is comprised of both elected and appointed board members.
We are excited about the continuity of service and the diversity of experience and perspectives these board members bring to the school board composition.
We worked closely with the superintendent to review key operating metrics, including student social-emotional health data (Panorama), enrollment data, faculty and leadership retention, performance on MAP and SAT assessments, advanced studies data, college placement results, Child Safeguarding annual report, and surveys of students, educators, leadership, and our community. We appreciate the school leadership team’s focus on data and actions driven by that data. We have continued that work this fall and are excited about the road ahead of us.
We continued to partner with Tom and provide support, guidance, and thought partnership to him. We appreciate the close and productive relationship we have had together over the past five-plus years. We are grateful for his thoughtful leadership and collaborative spirit.
LETTER FROM THE BOARD CHAIR
THIS ACADEMIC YEAR, THE SCHOOL BOARD WILL CONTINUE TO FOCUS ON THESE AREAS OF PRIORITY, WITH SPECIFIC GOALS AS FOLLOWS:
Support and provide oversight of superintendent
Ensure successful monitoring and implementation of the SAS2027 Strategic Plan
Monitor and review
SAS Reimagined campus upgrade implementation plan and construction contracts
Ensure short- and long-term financial health of the school
Strengthen governance and plan for board transitions
• Work with superintendent to ensure strong communication channels, a supportive relationship, and clear accountability
• Support superintendent on key leadership transition processes
• Approve the 2025–26 strategic priorities with the Superintendent, including key AI and technology initiatives
• Monitor implementation of school strategic priorities, including performance of deep-dive reviews and implementation of changes resulting from such reviews
• Monitor and review key data points in school operating metrics
• Maintain a forward view of the next strategic plan beyond 2027
• Review progress of phase two and begin planning for phase three of the campus upgrade plan
• Ensure clear communication with community on plans and key decisions
• Closely monitor financial health of SAS—enrollment, revenue and expense trends and budget approval for 2026–27
• Support school’s advancement campaign
• Set asset allocation, and monitor investment strategies and returns of school reserves
We are grateful for the many contributions each of you makes to our community, and we look forward to continuing our work together this year!
Ehab Abou-Oaf Board Chair
• Approve, on NGC recommendation, the board and committee candidate pipeline
• Oversee board succession to ensure a successful 2026 election and appointment process
• Identify board and ndividual training needs and explore bespoke development for directors
2024-25 SCHOOL BOARD
Ehab Abou-Oaf BOARD CHAIR
Board member since 2017
Shiv Puri
Board Vice Chair
Finance Committee
Investment Advisory Committee (Chair)
Board member since 2021
Wade Cruse NOMINATIONS AND Governance Committee (CHAIR)
Board member since 2021
Archana Parekh FINANCE COMMITTEE
Investment Advisory Committee
Board member since 2022
Michelle Yi Lin
FINANCE COMMITTEE (CHAIR)
Board member since 2023
Jonathan Schiff
Facilities Committee
Board Liaison to the PTA
Board member since 2024
Maxine Barnett Nominations and Governance Committee
Strategic Plan Task Force
Board member since 2023
Saurabh Mittal FACILITIES COMMITTEE (CHAIR)
Board member since 2022
David Welch FINANCE COMMITTEE
Investment Advisory Committee
Strategic Plan Task Force
Board member since 2023
Liwen Chen Nominations and Governance Committee
Strategic Plan Task Force
Board Liaison to the SAS Foundation Board
Board member since 2019
Michael Niederberger
FACILITIES COMMITTEE
Strategic Plan Task Force
Board member since 2023
Tom Boasberg SUPERINTENDENT
*NON-VOting member
Board member since 2019
2024-25 SCHOOL LEADERSHIP TEAM
Tom Boasberg SUPERINTENDENT
Since 2019
Dr. Jennifer Sparrow DEPUTY
SUPERINTENDENT
Since 2015
Austin Tomlinson
CHIEF ADVANCEMENT OFFICER
Since 2023
Kim Criens DIRECTOR OF STUDENT LIFE AND CO-CURRICULAR PROGRAMS
Since 2019
Dr. Amy Gile
CHIEF ACADEMIC OFFICER
Since 2022
Kyle Aldous EXECUTIVE DIRECTOR OF STRATEGIC COMMUNICATIONS
Since 2023
Matthew Rogers SAS REIMAGINED TRANSITION CHIEF
Since 2023
Dr. Jennifer Foss DIRECTOR OF STUDENT SUPPORT
Since 2019
Dr. Christine Henning DIRECTOR OF HUMAN RESOURCES
Since 2017
Tricia Lee
CHIEF OPERATING OFFICER / CHIEF FINANCIAL OFFICER
Since 2023
Divya Srinath DIRECTOR OF DEVELOPMENT
Since 2023
Delinda Wu DIRECTOR OF WORLD LANGUAGES
Since 2024
2024-25 SCHOOL LEADERSHIP TEAM
Chris Raymaakers DIRECTOR OF ADMISSIONS
Since 2024
Lance Murgatroyd
HIGH SCHOOL
DEPUTY PRINCIPAL
Since 2020
David Hoss
ELEMENTARY SCHOOL
PRINCIPAL
Since 1996
Dr. Jamie Toner DIRECTOR OF TECHNOLOGY AND INNOVATION
Since 2024
Anthony Poullard HIGH SCHOOL
DEPUTY PRINCIPAL
Since 2020
Jo McIlroy
ELEMENTARY SCHOOL
DEPUTY PRINCIPAL ELC
Since 2016
Manish Madan
DIRECTOR OF IT OPERATION
Since 2024
Chris Beingessner
MIDDLE SCHOOL
PRINCIPAL
Since 2022
Dr. Lisa Wan
ELEMENTARY SCHOOL
DEPUTY PRINCIPAL K–1
Since 2020
Simon Thomas
EXECUTIVE DIRECTOR OF FACILITIES AND SERVICES
Since 2023
Dr. Darnell Fine
MIDDLE SCHOOL
DEPUTY PRINCIPAL
Since 2022
Dr. Amanda Wood
ELEMENTARY SCHOOL
DEPUTY PRINCIPAL 2–3
Since 2014
Nicole Veltzé
HIGH SCHOOL
PRINCIPAL
Since 2021
Dr. Betsy Hall
MIDDLE SCHOOL
DEPUTY PRINCIPAL
Since 2022
Dr. Susan Shaw
ELEMENTARY SCHOOL
DEPUTY PRINCIPAL 4–5
Since 2015
Laura Mohl HIGH SCHOOL
DEPUTY PRINCIPAL
Since 2022
Audrey Hazleton
MIDDLE SCHOOL
DEPUTY PRINCIPAL
Since 2022
Jeff Scott
ELEMENTARY SCHOOL
DEPUTY PRINCIPAL
Since 2022
FINANCIAL REPORT
Singapore American School is incorporated in the Republic of Singapore and recognized under the Singapore Charities Act. A school board that serves without remuneration governs the school, and financial surpluses, if any, are used solely for the betterment of the school. Current parents and faculty are automatically members of the school and participate in its governance by electing the school board, which oversees the superintendent. The chief operating officer/chief financial officer works under the superintendent’s direction to implement the decisions of the board and its committees and to ensure that resources are managed efficiently and responsibly. School operations comply with high standards of financial accountability and transparency.
The audited financial results for the 2024–25 school year reflect the continued strong financial performance and condition of the school. Despite lower than budgeted revenues, the school achieved its budgeted surplus for the year. Revenues were below the budget, mainly due to fewer than expected students, lower guaranteed placement program (GPP) sales, and a change in accounting policy for the recognition of income from gifts and donations. However, this was offset by lower than budgeted operating expenses, including staff costs, utilities and general expenses. Overall, the total surplus amounted to S$5.5 million, compared to a budgeted surplus of S$5.3 million. Operating cash flow continued to be strong in 2024-25.
A portion of the annual operating cash surpluses is used each year to support the school’s ongoing maintenance and renewal needs, which are planned and budgeted for as part of the annual budget process. Remaining surpluses may, with board approval, also be allocated to major capital projects or transferred to reserves that are prudently invested for the school’s long-term financial sustainability and future facilities needs. Currently, operating cash surpluses are expected to be fully utilized to fund the board-approved SAS Reimagined campus upgrade project through its anticipated completion in FY2030/31.
2024-25 SCHOOLWIDE REVENUES
Enrollment-related income comprised 96 percent of total revenues. Singapore government grants and the GPP contributed to the remaining 4 percent.
Total Revenue: S$200.7M
2024-25 SCHOOLWIDE EXPENSES
The breakdown of schoolwide costs was similar to last year, with salaries and benefits, our largest expense, representing approximately 77 percent of total expenditures.
Campus-related expenses is our second largest expense, accounting for about 6 percent, while depreciation, a non-cash expense, represented 7 percent.
The remaining 10 percent comprised technology, learning resources, and other operating expenses, which remained relatively consistent with the prior year.
Total Expenses: S$194.6m
SAS REIMAGINED
In the spring of 2020, the school board agreed to move forward with SAS Reimagined, a major campus upgrade project to replace, renew, and upgrade aging buildings on campus in order to create an improved learning environment with flexible and innovative spaces. The campus upgrade plans include the demolition of the current elementary and middle school buildings and construction of a new elementary school and a new middle school; major renovations of high school and shared-facility buildings; and the creation of a new welcome center along with a new aquatic center, athletic facilities, and dining options. The project commenced in May 2021, and we have seen a number of upgrades come to fruition on campus.
We were proud to open the new early learning center (ELC) and elementary school building to our students and community in April 2025. We believe this will be a place of great learning, experiences, and memories for years to come. In May 2025, the old elementary school was officially handed over to the contractor for redevelopment into the new middle school. Demolition works have been successfully completed, and construction of the new facility is in progress. The new middle school is targeted to open in the academic year 2027-28.
OVERSIGHT AND REVIEW
Like all of Singapore’s Foreign System Schools, SAS is regulated by the government through SkillsFuture Singapore (SSG). The SSG’s regulations ensure that all private and international schools in Singapore are committed to financial solvency and that families selecting these schools understand their tuition and fee obligations.
One of the board’s responsibilities is to ensure that an annual audit of the financial accounts of the school and the SAS Foundation is carried out. This audit was performed by Deloitte during the 2025 summer, and its results were available for review before the school’s and the foundation’s annual general meetings in December and August, respectively. Approval of the accredited financials is an important element of both AGMs.
We are committed to managing the resources entrusted to us by the parents of current and former students carefully and responsibly. The robust state of the school’s finances reflects the continued efforts of the board and the administration to maintain and improve the school’s long-term financial health, while investing strategically in initiatives that support our students’ growth and development.
“We are pleased to share that the school delivered another year of solid financial results. Although enrollment and revenue were marginally below expectations, effective management of expenditures kept operating cash flow close to budgeted levels. Ongoing investments in our campus, faculty, and student well-being, guided by the priorities of SAS 2027, have enhanced our academic programs and the overall student experience. We remain focused on safeguarding the school’s financial strength to support continued excellence and sustainability.“
Tricia Lee, Chief Operating Officer / Chief Financial Officer
OUR PHILANTHROPY
Since its inception in 1956, Singapore American School has been dedicated to serving the American community in Singapore through the provision of a US-style education. The establishment of the school was made possible by the community’s collective effort, raising the initial S$100,000 required to bring a brand-new educational institution to life. Over the past 68 years, SAS has remained true to its not-for-profit origins, and the spirit of philanthropy continues to be a vibrant force within our community.
We express our deep gratitude to all supporters of SAS. Rooted in a culture of philanthropy, our community members—comprising parents, alumni, faculty, and leadership—take immense pride in contributing to our shared mission. Together, our donors play a crucial role in fostering a spirit of philanthropy, as each individual shares a common interest in inspiring others to invest in the continued success of SAS.
Together, our community raised over S$18 million last year; parent participation was at 25% with new parent participation of 21%; and 44% of educators made a gift to SAS.
EXAMPLES OF SPECIAL PROJECTS FUNDED BY THE GENEROSITY OF OUR COMMUNITY INCLUDE:
19 local and internationally recognized authors, illustrators, musicians, playwrights, visual artists, and other professionals visited campus, creating 9,000+ student experiences
273 students explored middle school robotics elective
632 students traveled to Indonesia and Malaysia during Classroom Without Walls in 2024-25
In 2024-25, a total of 66 students whose families demonstrated financial need each received a S$3,000 interim semester scholarship to help defray the cost of the trip
500+ SAS educators tapped into 1,000+ wellness opportunities to recharge and thrive.
OUR PHILANTHROPY
SAS FOUNDATION BOARD 2024-25 (SINGAPORE)
Aymeric Fraise (Chair – Since 2023)
Shaun Bernier (Vice-Chair – Since 2023)
Clarice Chia-Woodworth (Since 2014)
Georgina Bach (Since 2016)
Eck Meg Goh (Since 2017)
Brian O’Connor (Since 2014)
Sam Tsui (Treasurer – Since 2021)
Simran Kotak (Since 2021)
Elaine Saverin (Since 2024)
Yang Hee Jung (Since 2024)
Hanli Mangun (Since 2024)
Aisha Oravec (Since 2024)
Mark Shaw (Since 2024)
Ethan Park (Since 2025)
Kimin Tanoto (Since 2025)
SAS FOUNDATION BOARD 2024-25 (USA)
Rudolph Muller (Chair – Since 2008)
Aaron Kim (Vice-Chair – Since 2024)
Nick Haslett (Since 2015)
Mendy Crews (Since 2017)
Sheila Deford (Since 2010)
Martyn Goosen (Since 2016)
Anish Jain (Since 2016)
Brent Mutsch (Since 2008)
Deirdre Simon (Secretary – Since 2012)
SAS is proud to receive the support of Marina Bay Sands, under the integrated resort’s Sands Cares community program, which impacts so many people both in the Singapore American School community and across the island. Since 2016, Marina Bay Sands has been the venue host for SAS’s annual Eagle Society Soiree, and has helped SAS to fully utilize its donor funds for programs that directly benefit our students and learning.
Reserves Policy: The SAS Foundation (Singapore) will maintain 25 percent of its annual revenue as reserves, subject to an incremental cap of S$50,000 each year and an overall cumulative cap of S$120,000. Reserves Investment Policy: Reserves will only be invested in cash, fixed deposits, and high-liquidity investments.
Conflicts of Interest Policy: Directors of the SAS Foundation (Singapore) will submit their conflict of interest disclosure statement upon assuming office and at least annually, either by affirmative disclosure in which directors state that they do not know of any potential or actual conflict of interest, or by full disclosure of their outside interests. To see the policy in its entirety, please visit http://bit.ly/conflictofinterestsas. Executive management: The SAS Foundation Ltd has no paid employees. Audit: We will make available the audited accounts of the SAS Foundation Ltd to interested parties upon request to sasfoundation@sas.edu.sg
THE SAS FOUNDATIONS HONOR ROLL OF DONORS
S$50,000
Jack Feng and Tracy Ma
Aymeric Fraise and Jacqueline Zhan
Martin Hartono and Grace Katuari
Dingkun Hong and Huiqin Liao
Irene Lin and James Huang
The Huang Family
Shirley and Aaron Kim
Vir and Simran Kotak
Li Foundation
Ajit Mohan and Radhika Bansal
Saurabh and Shraddha Mittal
Anand Nadathur and Rohini Anand
Brian and Aisha Oravec
Anurag Poddar and Nancy Virdi
Shiv and Reshma Puri
Kenji Taira and Astrid Salim-Taira ’96
Eduardo and Elaine Saverin
Shaw Foundation
Kevin Shu and Leslie Wang
Kimin and Fiona Tanoto
Jason Tong and Emma Ye
Tony Wang and Louisa Li
Xiao Wang and Jinwen Chen
Tina Zhao and Wang Yulin
Nathaniel Wong
Ardi Yao and Jessie Chen
Qiaobin Yi and Caisen Chen
Qiang Zhang and You Xu
Ben Zhou and Lily Dai
Anonymous gifts made by 4 families
S$25,000–S$49,999
Wang Chen and Fiona Lu
Preet Gona and Sharada Selvanathan
Zhifeng Hang and Leanne Yang
Vikram and Shruti Hora
Liming Ke and Mengxiao Li
Darren Massara and Shaun Bernier
Kevin Zhao and Elan Shou
Anonymous gifts made by 2 families
Avi Abraham and Aarti Angara
Shawne Angelle ’80
Andrew Burych and Anna Sellers
Guy Elliott and Noemi Nemes
Marty and Kathy Goossen
Charles Han and Karen Qu
Yulin Han and Yi Chen
Brian Hong and Jee-Young Shin
Chester ’00 and Edna Lee
Hanli Mangun and Jisun Park
WG Miao and Vivian Wang
Rudy and Andrea Muller
Qingliang Qu and Jing Ma
Rajiv Ramnarayan and Gayatri Govitrikar
Tim Reiner
Alston Salim ’05
Shailendra Singh and Svetlana Dunaevskaya
Eric Solberg and Cora Lee
Amanda Steckler
Paul and Maura Thompson
Kevin and Marina White
Gordon Xiao and Angela Xia
Guorui Zhang and Yingzhi Song
Zhong Yi Zhao and Zoe Zhou
Anonymous gifts made by 8 families
Alfred and Rita Aspen
Jeremy and Georgina Bach
Tom Boasberg and Carin Chow
Xudong Cai and Qian Wu
Dean Chen and Joyce Zheng
Hang and Joy Chen
Warren Choo ’96 and Rina Gunadi
Scott Dowdell and Venta Norvilas
Eric Dulaurans and Joanne Cheigh
Susan Ewert ’73
Geophin George and Rose Kuruvilla
Herman Guo and Ellen Shao
Hyun Soo Kim and Jung Suk Lee
Mohan and Jyotsna Lakhamraju
Peter Lee and Toni Zhong
Tricia Lee and Johan Dulat
Chien-Ho Liao and Tzu-Li Ku
Andrew Mingst and Madeline Stone
Brent and Maggie Mutsch
Michael and Danae Niederberger
Milind Pasad and Vaishali Mehta
Kenny Rosche ’04
Dalmar and Mimi Sheikh
Steve and Karen Sonnenberg
Vinay and Roopali Srihari
Ryan Silfanus and Margaret Sutjojo ’04
Eric and Josephine Tam
Gordon and Jeanine Thomson
Quan Trang and Chu Chen
Daqing Wang and Tiantian Cui
Huashan Zhao and Ci Ci Song
Anonymous gifts made by 7 families
Ping Chen and Ye Tang
Rick Chen and Greta Zhao
TaiKang Ong and Mei Ying Chen ’94
Fumiko Matsuo and Peter Chin
Avery Colcord and Spring Feng
Wade Cruse and Elaine Heng
Shelley and Phil DeFord
Joseph Effendy ’14
John and Pauline Foo
Chaoqiang Hang and Fei Liao
Zongen Hu and Zhenyi Li
Chenyun Ji and Li Shen
Benjamin Joe and Sarah Choi
Jun Lan and Chao Lu
Tim Lee and Jihye Sun
Wen-Chi Liao and Hui-Chen Chen
Laure Lim
Anup Suresh ’07 and Yashika Mody ’08
Randy Mulyadi and Linda Wijaya
Samit Nathirmal and Priya Nevrekar
Henry and Van Nguyen
Tomo and Maria Oda
Yongqiang Qian and Jia Yu
William Shu and Ivy Ngan
David Snyder ’89
Donald and Tracy Stroh
Gregory and Nathalia Thiery
Wilson Wang and Elaine Chen
Aaron and Zoe Wong
Huide Wu and Joan Qian
Yan Yang and Jinghua Zhang
Yang Lei and Zhang Dan
Aaron and Charisse Yip
Biao Zhang and Ying Wang
Deming Zou and Jane Huang
Anonymous gifts made by 13 families
THE SAS FOUNDATIONS HONOR ROLL OF DONORS
EAGLE
SOCIETY MEMBER
S$1,000–S$2,499
Ehab Abou-oaf and Gina Elzoheiry
Prady and Aparna Agrawal
Aldous Family
Peng Huat and Swat Ang
Elbert and Mamie Bailey
John Bannister and Jen Chao
Chris Beingessner and Brenda Baisley
Manoj and Ritu Bhargava
David Boen ’71
Kate and Bob Brundage
Youqin Che
Hongying Chen
Hingo Cheng and Cecilia Qi
Jae In Cho and Ahhyeong Jo
Vicky Colorado
The Cunningham Family
Chao Deng and Yao Wang
Frieda Marie Dietrich
The Dreisenstock Family
Ziqiang Fan and Lina Zhang
John Figi and Megumi Hattori-Figi
Ken Freeman and Susi Susilowati
Julian Gan ’16
Dean and Mary Gockel
Eck Meng Goh
Evy Gozali ’97
Betsy Hall
Chris and Audrey Hazleton
Shuangchi He and Fan Yu
Bill and Nic Hendricks
Bryan and Christine Henning
David Hoss and Michael Fiebrich
Xianyou Hou and Ying Zhang
Brian Hu and Cathy Ding
Yiyong Huo and Danyang Ru
Dongil and Yuree Hwang
Anish Jain ’02
Robert Jesudason and Laura Hui
Joshua Jinyong and Jessica Aizhen
Giji John and Katie Crenshaw
Hwan Kim and Naree Park
Prashant and Ruchika Kumar
Rick Lai and family
Wilson Lau and Jessica Zee
Li Li
Shuyuan Li and Yuxiang Liang
Wentuo Li and Wei Gao
Fiona Zhang
Haibo Liao and Daisy Wang
Jianlin Liao and Yali Zhou
Micheline Lim ’70
Canhui Liu and Xiaohong Qu
Hui Liu and Wenting Zhang
Qing Liu and Yuanyuan Hu
Shui Liu and Yan Sun
Yuzhang Liu and Zhongting Chen
Zeyuan Liu and Liyuan Qu
Tingyu Lu
Frank and Cyndi Mackell
The Madan Family
Vivek Mahapatra and Himani Bhardwaj
Ming-Hua Mao and Chia-Wen Yang
David and Katy Matvey
Akshay Mehra and Priyali Kamath
Indranil Sarkar and Vrutika Mody ’06
Ram Singh and Laura Mohl
Dennis Ng and Maria Liang
Tianna Nguyen
Brian O’Connor and Nancy Menayang
Sergei O’Saerang ’95 and Herlina Lim ’96
Hiro and Misaki Oda
Seung-Taek Oh and Teresa Dyar
Jo McIlroy and Craig Olsen
Shirley Pandra ’98
Arsalan Ali and Archana Parekh
Jiwon Park and Sookyong Choi
Wonkuk Park and Soyeon Choi
Anthony Poullard
Sukumar Rajah and Priyamvada Sukumar
Avi and Ahna Raju
Chris Raymaakers and Robin Balshaw
Wei Ren and Xiaohua Tian
Yosh Rubinstein and Elizabeth Slagle-Rubinstein
David Soong and Felicia Santosa ’97
Susan and Tiri Shaw
Cloud Song and Jenny Zhen
Nick and Jennifer Sparrow
Divya Srinath and Rohan Bhalla
Chris and Julia Tan
Zehan Tao and Fei Liu
Austin and Winnie Tomlinson
Jamie Toner
Sam Tsui and Carmen Chau
Lisa Wan
Karl Wang and Tiffany Li
Marie Wang
Mark Wang and Tiffany Jin
Stephan Wang and Bo Gao
Amanda and Simon Wood
Delinda Wu
Dongsheng Wu and Chao Dong
Jun Wu and Dan Ke
Xi Wu and Xuemei Dai
Haiyan Xiong and Vicky Zhang
Xiaolin Xue and Qi Liao
Jian Yang and Wen Zhang
Kevin Yang and Eva Deng
Scott Yang and Jie Zhang
Mao Ye and Zheng Xu
Yunyan Yuan and Ying Zhao
Anthony and Agnes Zameczkowski
Ivy Xu Zhen
Janice Zhang
Qin Zhang
Ying Zhang
Dabin Zhu and Yuping Zhang
Deming Zhu and Jacqueline Zhang
Yiming Zhu and Jingjing Wei
Anonymous gifts made by 42 families
THE SAS FOUNDATIONS HONOR ROLL OF DONORS
Rodney Pereira and Erin Caskey
Oumlee Cha
Asheesh Chanda and Nidhi Sood
Jung Hoon Chang and Joo Ye Moon
Vivian Chang
Kaleem and Ghazal Chaudhry
Grace Chen
Jack Chen and Qianwei Xu
Nur Umaira Ab Latiff
Norizan Abdul Majid
Nurul Ain Abdul Rashid
Sarizan Ahmad
Dongmin Ahn and Myungsun Kim
Faraaz and Naureen Ali
Steven Allagan
Kenichi Amaki and Moon Chung
Gautam and Prapti Anand
Elisha Anderson
Emily Xi Anderson
Francis and Linda Ansvananda
Vasant Anvekar and Sonal Manchanda
Insyirah Ashari and Izzuddin Mohd Sharif
JK Bae and Su Jung Min
KD Bae and Jenny Eo
Yoon kyung Bae
Nathan Bagley
Joonkee Bahng and Liz Yi
Norlinah Bakar
Orcun and Oya Bakir
Dosik Bang ’93 and Euna Choi
Mandala Barab
John and Shari ’98 Barnidge
Doug Behse
Ali Belgaumi and Zehra Zaidi
Amy and Augie Bell
Tiffany Benson ’06
Prem and Anahita Bhatia
Alyssa Binnig ’07
Abby Blake
Stephen and Jodi Bonnette
Liz Bowers Ng ’06 and Jason Ng
Bob Boyle
Kim Brauer
Marie Brodrick
Jan and Sheona Bronkhorst
Brust Family
Stefano Bury and Emma Cui
Nathan and Mindy Bush
Russell and Kelli Buxton
Xiaolin Cai
Alison Cannon
Jill Carpenter
Simon Clarke and Cathy Casey
Junfan Chen and Melinda Jiang
Qihui Chen and Qingyun Shen
Ziyan Chen
Lingyan Cheng
Seongkoo Cheong and Marie Park
Dongkun Cho and Jiin Park
Jee-mann Cho and YuRi Kim
Meaghan Odell and Kal Cho
Taemin Cho and HK Kim
Brian Choi and Jaylynn Moon
Chris Choi and Ji Yea Jeong
Hi Ree Choi
John and Grace Choi
Youngwook and Hyejeong Choi
Mike Chu and Xiaoxue Meng
Janeen Clark
Michael and Rebecca Clark
Monica Clear and Joe Tremarco
Jason Coates and Ping Ong
Warren and Donna ’76 Coco
Constance Collins
Bryan Coole and Sarah Absolom-Coole
Jen Cooper
David Cruz
Peter and Ali Cuthbert
Brian Sheehan and Cara D’Avanzo
Casey DeFord ’07
Nicole DeFord ’04
Linlin Deng and Yingying Zhang
Shevon Desai
Sophie Deschaux Beaume Ep Caporossi
Chand and Sarika Deshwal
Virendra Dhir and Anuja Dhir Paul
Ken Doh and Hyemi Kim
Samir and Anuja Dorle
Christopher Ellis ’96
Brian and Assem Essner
James Fan ’10
Sarah Farris
Amanda Fischer
Stephen Fisher and Shijung Park
Juan Franco and Lina Mahecha
Richard Frazier
Dan Gach
Ed Gaffney ’87
Utsav Garg and Pameela Pattabi
Nathan Geiling ’24
Lance George
Kavan Ho and Katie Goggins
Carlee Gold
Zhaorui and Zhaobo Gong
Merced and Linda Gonzalez
Matt Goossen ’98
Benjamin Green ’19
Owen Green ’22
Mostyn and Emma Gregg
Noah Grubman
Ryan and Tyler Gwozdz
Won Ha and Yeonho Cha
Dominik Hager and Jwee San Tan
Maznibe Haji Jahafer Noor
Faisal Halabeya ’18
Taejin Ham and Miyoung Cho
Michael and Joanna Hambrick
Azhar Hamzah and Nura Minhat
CK Han and In Bok Jeon
CJ Han and Jenny Jung
Manyoo Han and Jay Yoo
Shane and Alison Hanna
Kelly and Jake Hannon
Rob and Olivia Hardin
Yutaka Hashimoto and Hisae Ono
Goh and Finuala Hattori
Bob Helmer
Jack Henske and Janet Wong Henske
Francis Hernandez
Huda Hidayatullah
Scott Hilgenfeld
Dean Ho and Sarah Ahn
LaRoy and Michelle Hoard
Luke Hodges and Sarah Haengel
Billy and Rachel Hole
Edward Holiday and Rica Wirianata
Tim Holland and Mae Loon
Stuart Hong and Jung-Jin Kim
Patrick and Jennifer Hopkins
Toh Hean Ch’ng and Sandy Hsu
Hu Hu and Lisa Liang
Vivian Huang
Weiqiang Huang and Haiyan Fu
Yaodong Huang and Yayun Chen
Rushton Hurley and Tabitha Kappeler-Hurley
Jeff and Jena Hutchinson
Jae Ik Hwang and Irene Kim
Andy and Jenny Hwang
Giri and Ssarita Jadhav
Myoung Seok Jeong and Tae Hyon Ahn
Kiook Jeoung and Jin Sun Kim
Siddharth and Khushboo Jhunjhunwala
Bill Jiang and Raya Ren
Lacey Jones
Minyoung Ju and Oakhwa Han
Claire Jun ’08
Hat Bit Jung and Gyu Im Kang
Heechul Jung and Sukyung Lee
Heung Chul Jung and Young Hwa Kim
Kangsik Jung and Moonjung Choi
Youngsoo Jung and Danbee Park
Mark Welker and Tomoko Welker Kamata
Jung Woo Kang and Yun Hee Chang
Huda Karim and Muhammad Hafiz Rohani
Shabari Karumbaya
Sandeep Kashmit Singh
Phillip ’02 and Johanna ’01 Katzman
Tim and Jessica Kaufenberg
Patrick and Jennifer Kelly
Megan Kelly
Mike and Analu Kewelar
Alex Kim and Ji Hae Lee
Bryan Kim and Jae Yeon Joo
Byunghan Kim and Eunjoo Lee
Cheolmin Kim and Ri Yoo
Dan and Jessica Kim
TJ Kim and Young Song
Dohyeong Kim and Hyeongkyeong Seong
Don Kim and Jyong Hae Choi
Duckwon Kim and Kyungsim Han
HK Kim and Eunju Park
Hyejo Kim
HyeSun and Seungsoo Kim
Ilhak Kim and Hyunji Lee
James Kim and Inny Yi
Jay Kim and Jiyeon Chung
Jay Kim and YK Yoon
JB Kim and Sunny Yang
Kenn Chong and Jee Young Kim
Jinny Kim
Jino Kim and Jina Han
John Kim and Veronica So
Jung Ah Kim
Junghoon Kim and Kyoungjin Lim
Martin Kim and Eulan Kyoung
Nara Kim and Namjin Park
Sean Kim and Daye Lee
Shee-Young Kim and Juhee Chung
Soon Jae and Sookkyoung Kim
Sunwoo Kim and Geum Bin Park
Wook Kim and Song Kang
Chip and Cheryl Kimball
Devin Kimble and Amy Sittler
Alex and Claudia Kimura
Tim DeWeese and Allison King ’74
Kent Knipmeyer
Drew Knoten and Kristine Petersen
Diane, Will, and Bea Knox
GB Ko and Yeun Kyung Kim
Hyunseok Ko and Gloria Kim
Jay Ko and Kate Yoon
Jerry Koo and Kelly Hwang
Jeff Kreutter ’07
Russ Kreutter ’09
Steven and Holly Kreutter
OJ Kwon and OJ Lim
Erik L’Heureux and Joa Kim
Lawrence Lam and Nahyoon Hong
John and DJ Larson
Marc Lau and Lisa Koh
Gabriel Lazaro Bengoa and Elena Fernandez Gomez
Michael Le and Sarah Lu
Ann Lee
Chanhee and Youngmi Lee
David Lee and Jenny Ryu
David Lee and Angela Spitzman
Dong-Kyu Lee and Hee-Jung Kang
Douglas Lee ’76
John Lee and Sarah Woo
Joonghee Lee and Lily Kim
Ju Seung and Hae Jin Lee
Jung Hun Lee and Yeojun Kim
Justin Lee and Mirie Yoon
Kay Lee and Shin Yeon Kim
Kyoung Hoon Lee and Jung Mi Cheong
Kyungeun Lee
Lee Lee and Juyoung Yang
Moon Lee and Yun Jin Ko
Moon Hwi Lee and Seong Eun Shin
Peter Lee and Olivia Han
Phillip Lee and Yunjin Son
Sang Hoon and So Jueng Lee
Sanghyun Lee and Wonsun Paek
Sanghyun Lee and Yoojin Suh
Seokwoo and Junghyun Lee
Seungeun Lee and Boyoun Kim
Steven Lee and Bora Kang
Sung Ho Lee and Moonhee Jung
Victor Lee and Chiyo Myoungjin Ma
Wonjoon Lee and June Park
WS Lee and Yunjeong Kim
Yim Lee
Lee Young Hoon and Suh SangHee
Younmin Lee and Hyosun Cho
Karby Leggett and (ZJ) Zhou Jie Zhou
Jinglin Li and Xiaoyan Zhang
Mi Li
THE SAS FOUNDATIONS HONOR ROLL OF DONORS
Pengfei Li and Yali Xu
Xiaoyao Liang and Feng Ji
Junghoon Kim and Hyeri Lim
Kelly Lim
Keunhyung Lim and Woo Ryoung Lee
Paul and Phoebe Lim
Sun Kyun Lim and Soo Hyeon Kim
Wendy Lim
Young Lim and Jinnie Chung
Aurora Lin
Xin Gao and Michelle Lin
Tong Lin and Ting Lu
Zhiwei and Liqiong Lin
Bret Little ’84
Edwin Liu ’00
Maggie Liu
Pai Liu
Ting Liu
Xiaobing Liu and Chenguang Zhao
Xinxin Liu
Yanyan Liu
Kelvin Loh and Hong Wui Tan
Candice Mac Lusky
Sitaramachandra and Sunanda Machiraju
Brad Madden
Brendan Madden and Tatiana Madden Gregorek
Keith Hum and Yu Mai
Christopher and Amy Malone
Rahul Mani and Kavita Rahul
Kevin Mao and Lily Wang
Rachel Mao
Laura Matheson
Stephanie McCue-Guilbaud and Henri Guilbaud
Gregory McEntyre and Fauziah Mizah
Jose Luis Mejia
Jihong Min and Julia Ham
Peter Min and Claire Chung
Eric and Miri Moffett
Tarmizi Mohamed Ismail and Nina Borhan
Edward Moon and Jaehee Yu
James Moon and Jenni Park
Yonggyu Moon and Hyunjoo Kim
Peter Morgan
Sloane and Rachel Morgan
Daniel and Cheryl Mountcastle
Natalie Muller ’10
Nicholas Muller ’13
Bong Woong Mun and Suk Hee Jang
Tom and Ann Murphy
Daniel Na and Michelle Kim
Kyoungwon Na and Min Kyung Cho
MinWoo Nam and EunCheong Kim
Oksoo Nam and Victoria Park
Yoon Suck Nam and Suzie Seo
Sanghwan Namkoong and Hijoung Kate Oh
Viveka Nand and Priyanka Kumari
Harsh and Rakhi Narula
Marcy Nelson
Mark Nelson and Margrit Benton
Kathleen Nickle
Jenn Nockels ’07
Aisling O’Brien
Arjun and Neha Oberoi
Derek Oh and Jenny Kim
James Oh and Joyce Cho
James Oh and Mi Suk Lee
Je Jun Oh ’96 and Hyejee Shim
Joon Oh and Sunny Jang
Scott Oh ’95 and Jane Lim
Seoknam Oh and Hee Kyung Moon
Seyoon Oh and Junghee Joo
Kevin and Vivian Looi
Wonsuk Oh and Angela Ryu
Youngil Oh and Hyejin Jung
Carmen Onstad Matthews ’60
Tara Pacheco
Yohan and Bomin Paek
Kyung Paik and Hi Young Kim
Angkit and Mamta Panda
Jae Soo Park and Kyoung Mi Lee
James Park and Gina Kim
Jason Park and EJ Lee
Jin Park and Julie Lee
Joseph Park and Jeesun Lee
Jungnam Park and Eunna Song
Peter and Se Jin Park
Sang Jin Park and Yeon Hee Jung
Sean and Julie Park
Shawn Park and Sylvia Lee
Wankeun Park and Jenny Lee
Vishal and Ekta Parpia
Michael and Chloe Pasko
Sudesh Pathmarajah
Nilesh Pattanayak and Elizabeth Ballesteros
Erich Paulini and Petrina Seah
Jim Perry and Daisy Jiang
Kirsten Perry
Mary Peterson
Xin Yu Phua
Sarah Pisacich
Natalia Plaza and Paul Esslinger
Sourav Pramanik and Moushumi Kirtania
Christopher and Barbara Procida
Eddie Qin and Wendy Wang
Klaire Quiming
Raul Quintanilla Madrid and Rosa Carrillo Orta
Kevin Ra and Jay Hu
Petr Raba and Nikki-Ann Yee
Rajini Ramnath
Mike and Shilpa Rapaport
Saurabh and Shilpa Rastogi
Garima and Abhishek Rawat
Simon Reid
Vik Renganathan
Bridget Rigg-Anderson
Scott and Lisa Riley
Hosup Rim and Hyunjin Chang
Rafat Rizvi and Yun Zhang
Ben Robertaccio and Dolly Ngai
Sandra Rodriguez
Matthew (’95) and Vicki (’95) Rogers
James and Robyn Rogers
Sung Hyun Roh and Mi Young Kim
Youngjin Roh and Caylee Yoo
Luke Rucinski
Nigel Cummings and Anne-Marie Russell
Kate Ryan ’02
Rana Sabbagh
Sabby Sabharwal and Irina Pismennaya
Maslitah Sain
Shannon Salter ’88
Yi Sang and May Chen
William and Martha Scarborough
Jeff Scott and Linda Eide
Dan and Kristin ’64 Searle
Norbert Seo and Jiwan Shin
Peter Seo
Jun Seong and MJ Kim
Kinjal Shah
Sajan Shah ’09
Carrie Shaw and Cormac Davey
Rebecca Sheerin
Miller Shi and Linda Lin
Yingjie Shi
Dongho Shin and Rosa Jung
Jason Shin and Julie Kim
Tim and Eunice Shin
Haslan Rohani and Netty Sidek
Anshul Sidher and Anupama Qanungo
Janelle and Rob Soffe
Sharmila Somanathan Pillai
Selvie Somasundaram
Greg and Sarah Somerville
Mike Son and Eunbin Song
Tommy Son and Lisa Lee
Youngho Song and Nayoung Kwon
Adam Sprankell ’92 and Suger Britches
Mukund Sridhar and Indu Mohan
Hariharan Srinath and Deepa Narayanaswamy
Jon Devin and Mare Stewart
Mark Guerrier and Paula Story
Brandon Suh and Yumi Kim
Kichul Suk and Yungi Huh
Deena Sullivan ’01
Hyunseok Sun and Hyojin Lee
Zheng Sun and Cindy Chang
Vijay Sundararajan and Anusha Vijayanand
Wanie Supaat
Hubert Tai and Kay Yin
Anne Prema Tambou
Mark Tan and Soo Yun Joo
Stephanie Tang
Brook and Kimberly Teeter
Drew Thompson and Casey Delhotal
Courtney Timms
Adam Tomassen and Zoe Timms
Daniel Green and Beth Toole
Simone Torreon
Yasushi Yamanaka Shan Chung and Fiona Tsai ’04
Jenn Tsai
Mircea Ungureanu and Jackie Kim
Julian Wainwright and Cecilia Unite
Therese Vainius ’11
Lubo Varbanov and Antonia Varbanova
Standa Vecera and Lenka Vecerova
Omar Lopez Reyes and Silvia Venegas
Martin and Tracie Voss
Alice Wang
Dongqing Wang
Vayne Wei and Julia Wang
Sissi Wang
Colin Weaver and Connie Cheung
Tze Wee and Oi Yee Wee
Hang Wen and Yue Tong
Anne Wenstrom
Anna Wentlent
Tae Whang and You Ri Lee
Chris Wong ’04
Dominic Wong ’10
Virginia Wong
Kay Woo and Cindy Yon
Michael and Abbey Wood
Sam Wright
Boliang Wu and Qian Qi
Family of April Li and Michael Wu
Carol Xu
Fei Xu and Fang Shen
Bo Yang and Rita Luo
Eric Yang and Jenny Kim
Hao Yang and Rong (Josie) Liu
Haotian Rex Yang ’22
Ted Yang and Bree Lee
William Yang and Grace Gu
Zhenyuan Yang and Wei Li
Fariq Yazid
Yongha Yim and Mi Reu Seung
Andy Yin and Cynthia Li
Hyek Yoo and Eun Young Cho
Dae Seok Yoon and Young Joo Kim
Dohjin Yoon and Justine Chung
Kookhan Yoon and Hyemi Jeon
Taesun Yoon and Sooyoung Cho
Charles Young and Julie Kang
Rachelle Yu ’07
Haibo Yuan and Emily Cui
Janice Yuen
Ho Young Yun and Seondo Shin
JJ Yun and Stella Shin
Wenyi Zang
Cameron Zhang and Jessica Liu
Heng Zhang and Queenie Xia
Liang Zhang and Xi Li
Qingqiao and Yue Zhang
Shu Zhang
Wenzhuo Zhang
Wanping Zhao
Zoe Zhen
Chen Zheng and Qing Li
Gary Gu and Mimi Zheng
Mike Zhuang and Rui Zhu
Steve Zielinski and Ziqi Chan-Zielinski
Gina Zlaket
Anonymous gifts made by 228 families
ORGANIZATIONS
Allied World Assurance Company Ltd
Barclays
BlackRock
Little Blue Bridge Foundation
Marina Bay Sands
News Corp
Salesforce
SAS PTA International Fair China Booth
The Singapore American School Limited is a corporation limited by guarantee and established pursuant to the Singapore Companies Act and the Charity Council. It is the legal entity under which the Singapore American School operates.
Auditors: Deloitte & Touche LLP Banking Relationships: DBS Bank; OCBC Bank; Standard Chartered Investment Advisors: Cambridge Associates Asia Pte Ltd
The School is committed to maintain and operate as a going concern the coeducational institution established under Article IX of the Constitution of The American Association of Singapore and generally known as The Singapore American School situated in the Republic of Singapore, and doing all such other things as are incidental or conducive to the attainment of the above object.
In accordance with Board policy, any annual surplus or deficit realized in the School’s consolidated accounts accrues to the School alone. It is the responsibility of the Board to direct the management of such surplus or deficit in a fiscally prudent manner that serves the best interests of the School, both short and long term.
Programs and Activities
Singapore American School, a private, preschool through grade 12 school in Singapore, focuses on growth, development, and cultural awareness and offers an American-based curriculum. For more information, visit https://www.sas.edu.sg.
Governance and Leadership
The school board held 9 scheduled board meetings during the fiscal year 2024-25. The attendance rate was 87 percent. Board members serve on a voluntary basis and receive no remuneration for their service. The Board’s oversight is supported by standing committees, including the Facilities Committee, Finance Committee, Investment Advisory Committee, and the Nominations and Governance Committee. For more information please contact board@sas.edu.sg
Reserves Policy
The school maintains operating reserves to cover a minimum of six months of operating expenses, as well as capital reserves to fund the renewal of buildings and other infrastructure projects that are in the best interests of the school, consistent with the aims and objectives established by the board.
Audit
We will make available the audited accounts of the Singapore American School Ltd to interested members upon request to sasinfo@sas.edu.sg
2025-26 SCHOOL BOARD
Ehab Abou-Oaf
BOARD CHAIR
Board member since 2017
Michael Niederberger
BOARD VICE CHAIR
Finance Committee
Strategic Plan Task Force
Board member since 2023
Audrey Irawan
FACILITIES COMMITTEE
Nominations and Governance Committee
Strategic Plan Task Force
Board member since 2025
Chester Lee FINANCE COMMITTEE
Investment Advisory Committee
Board member since 2025
Jonathan Schiff FACILITIES COMMITTEE
Board Liaison to the PTA Board Liaison to the Foundation Board
Board member since 2024
Maxine Barnett NOMINATIONS AND Governance Committee
Strategic Plan Task Force
Board member since 2023
Michelle Yi Lin FACILITIES COMMITTEE(Chair)
Board member since 2023
Alex Chan FINANCE COMMITTEE Investment Advisory Committee
Board member since 2025
Cruse FACILITIES COMMITTEE (CHAIR)
Board member since 2021
Vrutika Mody NOMINATIONS AND Governance Committee
Strategic Plan Task Force
Board member since 2025
Kate Watlington NOMINATIONS AND GOVERNANCE COMMITTEE
Strategic Plan Task Force
Board member since 2025
Tom Boasberg SUPERINTENDENT *NON-VOting member
Board member since 2019
INVESTMENT ADVISORY Committee (CHAIR) Finance Committee
Board member since 2022
Wade
Archana Parekh