The Parasol Foundation Trust 

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 given over £35,000,000 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.

Launched in August 2022 in response to the devastating situation in Ukraine, The Parasol Foundation Scholarship Program for Ukrainian Women at Reichman University is creating opportunities for exceptional women from the war-torn regions of Ukraine to continue their STEM studies in Israel. 

The Parasol Foundation is funding four talented young women through their undergraduate STEM studies with a donation of $365,000 to help them pursue their dreams and achieve their potential. The female students are joining a growing network of Parasol Foundation students stretching across Israel, the US, UK and Gibraltar.

Reichman University will nurture and support the Parasol Foundation Scholars throughout their degrees to ensure they flourish and succeed in their studies.