The Parasol Foundation is a philanthropic trust established in 2004 in Gibraltar and is overseen by its principal benefactor, Ruth Parasol.
For over 10 years the Parasol Foundation has been giving to communities in Gibraltar, UK, Israel, India and the United States. To date, it has committed over £20,000,000 on various educational, health, culture and heritage initiatives.
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, we enable change by supporting talented individuals and core centers of health and education, in order to create a better future for the next generation. Through education, cutting-edge technologies, advanced medical treatments and culture preservation, we hope to contribute to a better and brighter future.
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.