Melbourne entrepreneur and private equity investor Ryan Trainor, whose wealth was valued at $27 million on this year's BRW Young Rich List, has an ambivalent view about seeking a public profile for his philanthropic activities.
"With personal philanthropy, I want to be private about that, but from the corporate side of things, it's always been my view that we have a responsibility in business to be involved in our communities," he
"For companies, giving back to the community should be as much a part of their DNA as making a profit.
Clients and employees, and the community as a whole, really expect companies to take their community responsibilities seriously now and companies which ignore that do so at their peril."
started the Franklyn Scholar training and vocational education group in 2007.
sold the business to US training giant Kaplan in 2011, the year he
debuted on the Young Rich List.
Before selling the business, Trainor
committed Franklyn Scholar to Sydney-based charity the I-India Project, which helps destitute children in the city of Jaipur in northern India through education and vocational training.
With a staff champion located in each of Franklyn Scholar's six offices nationally, in 2011 the company and staff raised $100,000 towards the construction of the Franklyn Scholar Vocational Training Centre
, 45 kilometres out of Jaipur.Kaplan maintained Franklyn Scholar's partnership with I-India, raising a similar amount of money since.
In March this year, two Franklyn Scholar employees flew to India to witness the opening of the centre, which includes accommodation for homeless children, a school for 350 students, medical facilities and a community hall.
"Franklyn Scholar's I-India project helped define our people; they weren't just working for a training company, they were part of something bigger.
It made people proud of who they were working for," Trainor
now concentrates on his
venture capital business, Crosby & Prince Ventures
is reluctant to discuss his
private philanthropy, he
business and financial skills to Melbourne-based charity the Mirabel Foundation
as a member of the charity's board.
is part of a younger generation of wealthy entrepreneurs who are highly aware of their philanthropic responsibilities, but it has been our more experienced Rich List members who have lead the way this year.