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The Parasol Foundation Trust

Motto: Enhancing Health and Living

Founder: Ruth Parasol

Trustees: Dudley Fishburn, Lalit Mansingh, Anthony Fisher, Ruth Parasol

Website:         http://www.parasolfoundation.org/index.html

History

The Parasol Foundation Trust was founded as the Bonita Trust in 2004 in Gibraltar by Ruth Parasol and other shareholders of Party Gaming LLC. In 2014, the Bonita Trust changed its name to The Parasol Foundation Trust.

The trust’s activities are directed by an international advisory board that includes Dudley Fishburn, a former editor of the Economist and a former Member of British Parliament; Ambassador Lalit Mansingh, former Foreign Secretary of India; Anthony Fisher, Managing Director of Global Strategy Limited; and Ruth Parasol, the founder of Party Gaming, LLC.

Mission

The Parasol Foundation Trust is committed to supporting local communities in the areas of health and medical research, community service, education, culture and heritage, female entrepreneurship, and disaster relief.

The trust typically makes grants in a mix of single and multi-year commitments, frequently in partnership with other philanthropies and non-profit organizations.

To date, the trust has committed over £20 million pounds to projects throughout the world in the following areas: health and medical research; communal services focused on the economically disadvantaged, and person with mental or physical disabilities; scholarships to support studies at all grade levels in Science, Technology, Engineering and Math (STEM); the preservation of cultural heritage works, buildings and other historical assets; and programs to encourage women entrepreneurs.

Representative Projects

The Parasol Foundation Trust is active on major projects around the world, from California, to Poland and from Israel to Great Britain, Gibraltar and Spain.

Some representative projects include the following examples:

The trust provides support to numerous programs of the Victoria and Albert Museum, including its Indian collection and its online Medieval and Renaissance collection.

A gift from the trust helped to build a new hospital wing for ALEH, Israel’s leading network of facilities for children with sever disabilities.

Through a gift to The Soldier’s Charity, the trust provides financial support to British military veterans for Afghanistan and Iraq.

With Afghan Connection, the trust is helping to build a school in Dihmeeran, Afghanistan.

The trust supports the Museum of Polish Jewry.

The trust has contributed to the effort to restore Gibraltar’s Almeda Park and Zoo.

Through support of the British Council’s Britain Israel Research and Academic Exchange programme (BIRAX), the trust is helping to conduct stem cell research aimed at addressing degenerative diseases.

See Also Ruth Parasol

External Links http://www.parasolfoundation.org/