The Allan Gray Orbis Foundation is saddened to announce the passing of its Founder and Patron, Allan William Buchanan Gray. Allan was a visionary and successful businessman; a pioneer in the investment sector; a leader and a philanthropist, and these characteristics informed much of his work in securing a future, not only for his investment clients but also for the many beneficiaries of his philanthropic organisations.
In 1984, Allan wrote to the Finance Department of the then South African government asking permission for 20% of the company to be donated to a trust to support Black enterprise. Although unsuccessful at this time, the seed had been planted. The Allan Gray Orbis Foundation was started in 2005 and funded by a donation of 7% of the taxed profits from Allan Gray Limited alongside an endowment trust capitalised with over R1 billion, that he donated to ensure its continuity.
The Foundation has provided high quality schooling and entrepreneurship education to over 350 Scholars from highly disadvantaged families; with over 450 Candidate Fellows currently receiving tertiary education in universities in South Africa and abroad; and a further 432 having graduated to become Allan Gray Fellows. Additionally, 14,000 high school students have been reached through the Allan Gray Entrepreneurship Challenge.
Allan’s vision was of an entrepreneurial, equitable South Africa flourishing with meaningful employment. He believed in the dynamism of high impact young entrepreneurial leaders whose passion, integrity and innovation will be at the forefront of the continuing economic and social transformation of this region.
In turn, Allan provided many individuals the freedom to dream; as he said: “It’s about creating opportunity – a sense of hope for everybody so that people can dream, not a dream that is impossible but a dream that can be realised”.
To this end, he conceptualised a model that would identify, nurture and support young entrepreneurial talent through long term investments in their education coupled with a well thought out comprehensive support programme offering. Allan’s ability to understand systemic issues and create sustainable solutions has been the basis from which the Foundation and his other philanthropic endeavours have grown.
“We at the Allan Gray Orbis Foundation feel a deep sense of loss at the passing of Allan, our Founder, and wish his family comfort and peace at this difficult time. The business relationship and personal friendship we shared with him have been a source of enrichment and learning for us all. We shall miss his visionary guidance and quiet leadership greatly,” said Chairman of the Board, Prof. Njabulo Ndebele.
Yogavelli Nambiar, CEO of the Foundation, adds: “While the Foundation mourns his loss, we can be comforted knowing that his vision has secured a future for over a thousand individuals and helped reach thousands more through various entrepreneurship initiatives, research and educator support. The onus now rests with us to continue to carry his vision forward, creating a world where young entrepreneurs create lasting social change within their communities across South Africa. Allan’s spirit of significance and humility will live on in the Foundation and the many young people supported by it.”