Many factors considered, not just money

It is not just the money that counts when schools decide to name a building after a donor. Schools say they also consider other factors, such as the donor's contributions to society, and whether the proposed name is suitable. An NUS spokesman said that it takes into account the donor's background and whether the proposed name is consistent with the university's ethos and advancement of education. On the other hand, NTU said that it looks at the donor's public standing, the level and size of contribution, and type of building or facility, among other factors. Examples of school facilities named after donors include the SMU Lee Kong Chian School of Business, which received $50 million from the Lee Foundation and the SMU Li Ka Shing Library, which received $19.5 million from the Hong Kong tycoon and his Hutchison Whampoa Group.

Source
The Straits Times