Philanthropist of the month – Lloyd Dorfman

4 November 2010 | By Cause4 staff

Lloyd Dorfman is persistent, loyal, a world-renowned entrepreneur and a multi-millionaire. He is also a philanthropist with which to be reckoned.

Chairman of the world's largest non-bank foreign exchange business Travelex Group, he was appointed CBE for services to business and charity at the Queen’s Birthday Honours in 2008. He recently gave the National Theatre its biggest-ever private donation of £10m to support the organisation's £70m redevelopment plan.

So why was the National Theatre identified as the beneficiary of his philanthropy? Travelex already supports the National Theatre, enabling those for whom tickets would be otherwise unaffordable to attend with Travelex £10 tickets. Was this not enough? The Cottesloe Theatre is to be re-named the Dorfman Theatre when it re-opens in 2013, but Dorfman’s giving is not driven by ego.
Dorfman said: "I am a huge fan of the energy and innovation the National has achieved in recent years and am delighted to lead from the front in supporting its redevelopment.” He added, "I hope it will also act as a spur and inspiration to other philanthropists, as a powerful demonstration of faith in the performing arts".

Hopefully Lloyd Dorfman’s donation to this bastion of British culture will encourage many others to extend their support to organisations of which they are existing supporters. In 2008 Dorfman identified qualities needed to succeed in business when addressing university under-graduates. Among these included persistence, sticking to what you know and belief. These are all qualities equally important within effective philanthropy. Lloyd Dorfman is an example of how to give persistently, to those that you know and in whose causes you palpably believe. Congratulations, Mr Dorfman.

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