The Parasol Foundation Trust is the philanthropic division of Parasol International and Ruth Parasol and family, helping to create opportunities for women to pursue their dreams and inspiring the next generation to follow in their footsteps.
The Trust was established in Gibraltar in 2004 and since then it has awarded over £40,000,000 for health, heritage and education grants in Gibraltar, UK, Israel, India, US, Spain and elsewhere.
Ruth Parasol is its Principal Benefactress giving much of her time as one of the Trustee Directors, guiding grant making, continuing to fund the Trust with her additional money and her private family office providing administrative and investment support.
Ruth Parasol says: “Our time, success and fortune are borrowed. You can never give or appreciate enough, but every effort helps. Here, at The Parasol Foundation Trust, we enable change by supporting talented individuals and core centres of health and education. Through education, cutting-edge technologies, advanced medical treatments and culture preservation, we hope to contribute to a better and brighter future.”
Since 2012, The Parasol Foundation Trust has donated over £1.2 towards The British Israel Research and Academic Exchange Partnership, a 10-year program that aims to deepen and promote collaboration between the UK and Israel in this field. The Parasol Foundation Trust is extremely proud to partner with the British Council and to support ground-breaking scientific research.
About Ruth Parasol
Ruth is considered to be one of the world’s wealthiest self-made women today. Following the immense, international success of her online gaming company and its IPO on the London Stock exchange in 2005, Ruth sold her remaining interests and dedicates her time to raising her children, philanthropy and to overseeing her international private investment office.