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| The Sainsbury Family and Lord
David Sainsbury In 1869, John James Sainsbury and his wife, Mary Ann, bought a small dairy shop in London and turned it into a grocery store. That was the first Sainsbury's. From the beginning, the Sainsburys created a supermarket chain, which today has over 700 stores, of which 191 are in the USA. Total sales are nearly $30 billion and profits are about $1 billion. And for more than 100 years now, Sainsbury's has been the most successful supermarket chain in Great Britain's history. Moreover, the Sainsbury family put the same vision and fervor into their philanthropic efforts as they did in their great retail ventures. Today there are 19 trusts, set up by 18 different members of the family spanning over three generations. They have provided the benchmark for British philanthropy over the past three decades and have set up a single administrative office, for economy of style, breadth of knowledge, and to preserve the distinctive character of each foundation while building a collective reputation for discreet, substantial and sustained support for innovative action, through grants ranging from large to small. A few examples follow:
Lord David Sainsbury Lord David Sainsbury established Gatsby in 1967 when he was 27 years
old. He used his own inheritance to do it. In 1993, David Sainsbury
made a further gift to Gatsby of over $300 million. At the time, this
gift was the largest single philanthropic donation ever recorded in
the UK. Each year since then, Lord Sainsbury has donated at least another
$10 million to the trust. Second, Gatsby is proactive. Rather than awaiting proposals, its trustees identify areas for action. Third, the trustees are not afraid to experiment and take risks, both
of which are generally outside the comfort zone of most government bureaucrats.
Finally, the trustees look to the long term. They believe that many
things worth changing can take 10 years or more to improve substantially.
Clearly defined aims, not the length of the grant, are important to
the trustees. |
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