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Gray established the Allan Gray Foundation in 2007 with a US$130 million endowment to fund bursaries and scholarships for talented South African high school students. This was the largest single recorded donation to a charity in South Africa at the time. [5] [10] In 1979 he founded the Allan and Gill Gray Charitable Trust. [11]
The bursaries cover the tuition fees, accommodation, and food and travel allowances for "full time" students, and only tuition fees for "part time" students. [10] In 2019, as of 20 November 2019, NSFAS had received 365,922 applications for financial aid in 2020, compared to the 278,738 applications it had received the year prior. [11]
Allan Gray is an investment management firm headquartered in South Africa, established with the objective of offering a range of investments. [1] In addition to its primary location, the firm has expanded its operations to include offices in Botswana, Namibia, and Eswatini, reflecting its broader geographic reach within the region.
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If a student is considered to be a vulnerable student, a bursary of up to £1,200 is available depending on circumstances. [3] Many colleges will ask students to make a bursary application online. Other colleges will require a paper application form. Evidence to support an application will always be required.
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