Malaysian couple in Forbes Asia 2022 Heroes of Philanthropy list
06 Dec 2022 03:30pm
Forbes Asia said the 16th edition of its annual Heros of Philanthropy list highlights leading altruists in the Asia-Pacific region who demonstrated a strong personal commitment to philanthropic causes such as education and the environment, among others.
"The unranked list highlights philanthropists who are donating from their own fortunes and giving personal time and attention to their select causes,” it said.
Vasudevan, 54, founder and chief executive officer (CEO) of Kuala Lumpur-based private equity firm Creador, and his wife lawyer Shanthi Kandiah, 53, support local communities in Malaysia and India through the Creador Foundation, a non-profit they cofounded in 2018.
In May this year, they pledged to donate RM50 million to help build a teaching hospital at the Universiti Tunku Abdul Rahman (UTAR) Kampar campus in Perak.
The couple stepped in to help bridge a funding gap, upon learning that UTAR had only raised half the amount needed to build the non-profit facility which, once completed in 2023, will also provide affordable healthcare.
"We are delighted that this has spurred others to join this cause and it appears the project is now fully funded,” said Vasudevan.
In May, the couple donated 25 million pounds to Imperial College London - one of the largest gifts in its history - to create the eponymous Brahmal Vasudevan Institute for Sustainable Aviation to pioneer technologies that would aid the the aviation industry transition to zero pollution.
"We felt that the creation of this institute could hopefully make a meaningful impact on studying ways of reducing, if not achieving, zero pollution one day,” said Vasudevan, who earned a bachelor’s degree in aeronautical engineering from the college in 1990.
According to Forbes Asia, the list does not include corporate philanthropy, except for privately held companies where the individual is a majority owner.
The list is kept to a select group of 15, with nine new entrants on this year’s list.Previous honorees are considered if they have made recent significant contributions that justify a relisting, it said.
The full list can be found at www.forbes.com/altruists and in the December issue of Forbes Asia.
-- BERNAMA
