Asset Management entrepreneur Dr Allan Gray, who has donated more than a billion rand over 33 years to education and other causes in South Africa, has been awarded the 2011 Inyathelo Award for Lifetime Philanthropy.
Allan set up a charitable trust with his wife Gill. The charitable trust supports projects such as the World Wildlife Fund, Cape Mental Health and the adult literacy project Iziko lo Lwazi. In 2005, Allan was the founder of the Allan Gray Orbis Foundation, later supporting this with a R1.15 billion Endowment from his personal funds. The Foundation provides scholarships for Grade 12 high school learners and university students as part of a mandate to develop high impact leaders and entrepreneurs. As a further part of this overall philanthropic mission, Allan was a founder of E2, the trust established to fund graduates of the university programme who want to set up their own business.
Allan, who co-established the highly successful Orbis Group of Mutual Funds, believes firmly in not just handing out donations. He is intimately involved in the constructive utilisation of all the funds he gives out.