Sunny Varkey, founder of GEMS Education, commits to giving more than half of wealth to helping teachers across the world provide a quality education for all children.
Sunny Varkey, founder and chairman of GEMS Education and the Varkey Foundation, will commit to give more than half of his wealth to charity to help support teachers across the world provide a quality education for all children.
He will sign the Giving Pledge, the initiative founded by Warren Buffett and Bill and Melinda Gates to help address society’s most pressing problems by inviting the world’s wealthiest individuals and families to commit to giving more than half of their wealth to philanthropic or charitable causes.
Mr Varkey said: “Fifteen years on from the Millennium Development Goals, huge global education challenges remain unmet. Around 250 million children of primary school age cannot read and write and, at current rates of progress, it will take until 2072 to eradicate youth illiteracy.
Mr Varkey will join 136 billionaire individuals and couples who have signed the pledge. These include Mark Zuckerberg, co founder, chairman and chief executive of Facebook, Richard Branson, chairman and founder of Virgin Group and Ted Turner, founder of CNN.
The goal behind the pledge is to talk about giving in an open way and create an atmosphere that can draw more people into philanthropy.
Sunny Varkey added: “I am delighted to sign the Giving Pledge. I was fortunate that I grew up in a family where charity was ingrained in us from a very early age. Even when my father earned a small amount, a large portion was shared with the community we lived in, sometimes at the cost of our own comfort.
Bill Gates, co-chair of the Bill & Melinda Gates Foundation, said: “When we started the Giving Pledge five years ago, we had no idea we’d get this many people to come together. It has really grown, first in the U.S. but more recently all over the world.
“We hope to intensify philanthropy and encourage people to get started younger. It’s exciting to see people becoming bolder and more thoughtful in their giving. This is about building on a wonderful tradition of philanthropy that will ultimately help the world become a much better place.”
The Varkey Foundation’s projects include teacher training and pupil education programmes in Africa, which has trained 12,000 teachers to date, and aims to impact upon the lives of 10 million children. It also produces original research such as the Global Teacher Status Index.
About Sunny Varkey
Sunny Varkey was born in 1957 in Kerala, India, and moved to Dubai with his parents as a young boy. He is the founder and executive chairman of the GEMS Education Group, an operator of private kindergarten to grade 12 schools, which has the privilege of teaching over 140,000 students across the world from over 153 nationalities. He is also the founder and trustee of the philanthropic Varkey Foundation.
To find new solutions to global education challenges, he has also forged partnerships with the World Economic Forum and UNESCO. In 2012 he was named UNESCO Goodwill Ambassador for Education Partnerships. The United Arab Emirates Ministry of Education conferred an award of distinction for Mr Varkey’s service to education in 2011. The Indian Government has honoured him in 2009 with the Padmashri Award, one of the highest civilian honours, and the Rajiv Gandhi Award for Eminent Educationist in 2008.