Transparency Talk

Category: "Broadhurst" (4 posts)

Eye On: David Sainsbury
August 27, 2015

(Caroline Broadhurst is deputy chief executive officer at The Rank Foundation. Through the Clore Social Leadership Programmeshe was a visiting fellow at the Foundation Center. This is part of her series about the motivations of U.K. donors who have signed the Giving Pledge. For more information about David Sainsbury and the other Giving Pledgers, visit Foundation Center's Eye on the Giving Pledge.) 

David Sainsbury describes his approach to philanthropy as “very simple” in his Giving Pledge letter, which also details his family’s giving philosophy.

David-Sainsbury-1“The approach of my wife, Susie, and I to philanthropy is very simple,” Sainsbury said. “We do not believe that spending any more money on ourselves or our family would add anything to our happiness. However, using it to support social progress we have found deeply fulfilling. We focus on a few areas which require investment and which we care about deeply, and seeing these projects develop and bring major benefits to people has been a life-enhancing experience.”  Sainsbury desires to strategically and proactively give away his wealth to the social causes he cares about.

 

David Sainsbury:

  • Former Chairman of J. Sainsbury plc
  • Labour Peer
  • British born U.K. resident
  • Former Minister of Science and Innovation
  • Became Lord Sainsbury of Turville in 1997
  • Became Chancellor of the University of Cambridge in 2011
  • Accepted the Andrew Carnegie Medal for Philanthropy on behalf of the Sainsbury Family in 2003
  • Net worth $ 1.1 billion    

For the second consecutive year, the Sainsbury family topped the 2015 Sunday Times Giving List which tracks the giving amounts of U.K. philanthropists.  The Sainsbury Family donated $314.2 million – or 40 percent of their wealth – to the Sainsbury Family Charitable Trusts, 18 grant-making trusts.  Each trust has its own board of trustees, led by an active family member. 

Philanthropy is a family priority that has spanned four generations.  In 1869, Sainsbury’s great-grandparents opened a grocery store, Sainsbury’s, that would eventually become one of the U.K.’s largest supermarket chains.  Educated at Eton and Cambridge, Sainsbury joined the family business, J. Sainsbury plc.  He served in many capacities, including finance director, chairman and deputy chairman before stepping down from the board in 1998. 

Like much of his extended family, Sainsbury’s interests in philanthropy started at an early age when he set up the Gatsby Charitable Foundation in 1967, just four years after graduating from King’s College at the University of Cambridge. Over the years, Sainsbury has given the Gatsby Charitable Foundation more than $1.55 billion.  The foundation provides grants in the key priority areas of plant science, neuroscience, education, public policy, the arts and Africa.  

In his Giving Pledge letter, Sainsbury explained that investments in plant science and neuroscience have the best long-term potential for making a difference in the fields of food security and mental health.  Through the Gatsby Charitable Foundation, he gave more than $193 million to his alma mater, the University of Cambridge, one of the largest donations to a U.K university.  An M.B.A. graduate of the University of Columbia, Sainsbury prioritizes education.  The Gatsby makes education grants to various universities, including Stanford University, the University of Columbia and Harvard University.

Unlike his wealthy contemporaries who tend not to mix political and philanthropic interests, the 74-year-old father-of-three has been an active participant in British politics.  Sainsbury has been a major donor to The Labour Party for many years.  In 1997, he was elevated to the House of Lords as a Labour Peer, and he sits on the Labour benches as Lord Sainsbury of Turville.  Under Prime Minister Tony Blair, Sainsbury accepted the unremunerated post of Minister for Science and Technology.  His interests in politics and philanthropy share common ground with an emphasis on innovation, partnership and long-term strategy. 

Sainsbury advocates that charitable foundations should take risks that governments, in their role as guardians of the public money, may not.  He believes that taking risks, whether in education, international development, science or research, helps expedite the broader social and fiscal needs agenda.  In 2009, he set up the Institute for Government, a venture that seeks to “act as a catalyst for inspiring the best in government.”  Similarly, he created the Centre for Cities, a research organization that evaluates British cities’ economic growth and change and helps them to improve their performance. 

In many ways, Lord Sainsbury’s public life reflects his philanthropic interests, from government to education and the arts, including his post as Chancellor of University of Cambridge since 2011. He continues to engage in public policy as evidenced in his 2013 book, Progressive Capitalism, an effort to stimulate conversations on politics and the economy.  

--Caroline Broadhurst

Eye On: Chris Hohn
August 6, 2015

(Caroline Broadhurst is deputy chief executive officer at The Rank Foundation and through the Clore Social Leadership Programme was a visiting fellow at Foundation Center. This is part of her series about the motivations of U.K. donors who have signed the Giving Pledge. For more about Chris Hohn and the other Giving Pledgers, visit Foundation Center's Eye on the Giving Pledge.)

Hohn-150Among the many different models of fundraising and grantmaking, The Children's Investment Fund and its counterpart Children's Investment Fund Foundation (CIFF), stand out in terms of scale and reach. In 2003, Chris Hohn created an innovative model for The Children's Investment Fund in which investors pay a fee to the Foundation, incrementally, depending on the Fund's performance. Fast-forward a dozen years, and CIFF has endowed assets over $4 billion. While Mr. Hohn uses his skills from the investing world, CEO Michael Anderson manages the Foundation on a day-to-day basis. The foundation's mission is to transform the lives of poor and vulnerable children in developing countries in the areas of children and mothers' health and nutrition; children's education, deworming and welfare; and climate change.

Chris Hohn:

  • Successful hedge-fund manager
  • British-born U.K. resident
  • Father of four children, including triplets
  • Co-founder of Children's Investment Fund Foundation
  • Personal net worth is over $1 billion

Mr. Hohn and his former wife, Jamie Cooper, are co-founders of CIFF, and both serve on its Board of Trustees. Both are generous philanthropists. Ms. Cooper was ranked #3 and Mr. Hohn was ranked #7 among British givers, according to the 2015 Sunday Times Giving List, which identified top givers and the percentage of wealth they give away. The same list, co-sponsored by the Charities Aid Foundation, also ranked CIFF as #5 in assets among British charities. In 2014, Mr. Hohn was appointed Knight Commander of the Order of St. Michael and St. George (KCMG) for his service to philanthropy and international development.

Mr. Hohn attended Southampton University in England and moved to Boston to complete his MBA at Harvard University as a Baker Scholar. According to Active Philanthropy, Ms. Cooper recalled that her former husband was first inspired to explore philanthropy when he visited the Philippines early in his career and was shocked at the plight of children who lived in extreme poverty. This experience may have spurred Mr. Hohn to direct CIFF's ambitious aim "to demonstrably improve the lives of children living in poverty in developing countries by achieving large scale and sustainable impact." Much of the London-based organization's work takes place in Africa and South Asia, with strategic priorities focused on nutrition, child survival, educational achievement and more recently, climate change. CIFF works in partnership with governments, policy-makers and NGOs to address global issues. In 2014, CIFF awarded $122.2 million in grant awards.

-- Caroline Broadhurst

Eye on: Dr. Mohammed Ibrahim
July 30, 2015

(Caroline Broadhurst is deputy chief executive officer at The Rank Foundation and through the Clore Social Leadership Programme was a visiting fellow at the Foundation Center. This is part of her series about the motivations of U.K. donors who have signed the Giving Pledge. For more about Dr. Ibrahim and the other Giving Pledgers, visit Foundation Center's Eye on the Giving Pledge.)

Mohammed Ibrahim“Lucky” is how Dr. Mohammed Ibrahim describes himself when recounting his journey from his Nubian upbringing in Sudan to his work as an international philanthropist and entrepreneur.  Dr. Ibrahim grew up in an African community, but has lived most of his adult life in Britain with his wife Hania, a retired radiologist for the National Health Service.  Always one to work hard, Dr. Ibrahim attributes his good fortune to being in the right place at the right time, and the encouragement he received from his parents to excel academically.  Dr. Ibrahim received a Ph.D. in Mobile Communications from Birmingham University in the north of England and worked within the telecommunications sector for several years before leading the telecommunications company, Cellnet (now O2).  The business had gone where others had feared to tread, and by bringing the mobile phone industry to the African continent, made its 100 shareholders millionaires overnight.

When Dr. Ibrahim sold the business in 2005 he shifted his focus to philanthropy.  Proudly African, he wanted to influence transparency in governance.  He set up the Mo Ibrahim Foundation in 2006 “to focus on the critical importance of leadership and governance in Africa.” The foundation has two key projects: the Ibrahim Index of African Governance, which ranks the performance of individual governments in terms of safety, rule of law, economic opportunity and human development (Mauritius  currently holds the top spot with 81.7%); the second is the Ibrahim Prize, which celebrates and awards strong leadership among former African presidents and heads of state. The Prize is expected to exceed the value of the Nobel Prize, with an initial award of $5 million, plus $200,000 annually for life to the former president or head of state who demonstrates outstanding leadership qualities. In 2014, Namibia’s president, Hifikepunye Pohamba, won the prize.

In addition to the Index and the Prize, the Mo Ibraham Foundation hosts the Ibrahim Forum, a space to share the thought leadership agenda on African issues; the Forum also offers fellowships to the younger generation. The Mo Ibrahim Foundation is not a grantmaking body. Dr. Ibrahim’s daughter, Hadeel Ibrahim, is the founding Executive Director, and works alongside an impressive advisory board, which includes former President of Ireland, Mary Robinson

Known to the media as “Africa’s Bill Gates,” Dr. Ibrahim is now focusing on the transformation of Africa’s fortunes, based on good governance and leadership, rather than good luck.

--Caroline Broadhurst

Eye On: John Caudwell
August 8, 2013

(Caroline Broadhurst is director of Community Care Projects at the Rank Foundation and, through the Clore Social Leadership Programme, a visiting fellow at the Foundation Center. This is the first of a series of post she will be writing about the motivations of UK donors who have signed the Giving Pledge. For more about John Caudwell and the other Giving Pledgers, visit the Foundation Center's Eye on the Giving Pledge.)

John Caudwell

"Philanthropy gives me far more pleasure and satisfaction than making money."

— John Caudwell

From modest beginnings, 60-year-old John David Caudwell has established himself as one of the most successful English businessmen in modern times. After leaving school before earning what in the U.S. would have been his high-school diploma, Caudwell went to work for Michelin, the French tire manufacturer at the company's factory in the West Midlands. Not content to remain an engineering foreman, however, he nurtured his entrepreneurial instincts and soon began to create money-making ventures, including a corner shop and mail-order motorcycle clothing business.

Combining his mechanical knowledge — he earned an HNC in mechanical engineering while working at Michelin — and his growing business experience, Caudwell eventually set up a car dealership, with many of his former Michelin factory friends among his loyal customers. Displaying the entrepreneurial sensibility that would become his trademark, in 1987 he took a chance on the nascent mobile phone industry, starting Midland Mobile Phones with his brother, Brian. Despite running at a loss in its first few years, the business turned into a huge success, and by the 2000s the company, by then called Phones4U, was the largest independent distributor of cellular phones in the UK, selling an average of 26 phones every minute and earning more than $1.5 billion annually.

  • Entrepreneur
  • Philanthropist
  • British born UK resident
  • Father of five
  • Avid cyclist
  • Net worth $2.6 billion

Ever the shrewd businessman, Caudwell anticipated the end of the company's rapid-growth phase and sold a majority stake in it for $2.8 billion in 2006, followed by the remaining 25 percent for $72 million in 2011. He then created new business opportunities in the areas of health, real estate and the environment and became a vocal and passionate advocate for the role of British businesses in the larger European context. (He is also reported to be Britain's biggest taxpayer, having contributed almost $400 million to the Exchequer since 2008.)

Long before then, Caudwell's interest had expanded to philanthropy, including support for UK-based charities such as the NSPCC (National Society for the Prevention of Cruelty to Children), and the Princes Trust, as well as Caudwell Children, a charitable organization he founded in 2000.

Since its inception, Caudwell has raised $40 million for the organization, which annually provides some three thousand children with disabilities and their families with much needed equipment and respite support. Like many of his contemporaries, Caudwell takes a venture approach to philanthropy, contributing time, extensive social networks, and deep business expertise, as well as financial support, to the organizations and causes he is passionate about. An avid cyclist, Caudwell also raises funds for the organization by participating in charity bike rides all over Britain and beyond.

In early 2013, Caudwell encouraged Bill Gates to promote the Giving Pledge to wealthy donors outside the United States. As he explains in his Giving Pledge letter his motivation in joining other Pledgers is grounded in his belief in helping others: "Everything I do now has some degree of feel-good factor." At the same time, his growing interest in philanthropy has hardly lessened his desire to create more wealth. "Making money," he writes in the letter, "is now largely driven by the knowledge that I will be able to leave even more wealth when I go."

-- Caroline Broadhurst

View John Caudwell's Eye on the Giving Pledge Profile»

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