Bob Gay on The Pillars of Self-Reliance
The Pillars of Self-Reliance
At the recent Legacy Builders Conference, Robert Gay captivated the audience with a profound message: true impact comes not from handouts, but from empowering individuals to achieve self-reliance. A distinguished investor, philanthropist, and humanitarian, Gay has spent decades applying the principles of entrepreneurship and accountability to lift millions out of poverty. Through his work with Kensington Capital Philanthropies, Engage Now Africa, and Ensign Global University, he has championed programs that have touched over 125 million lives worldwide.
His philosophy? Self-reliance is the key to sustainable change. Throughout his speech, he outlined the fundamental pillars of self-reliance—vision, innovation, responsibility, and servant leadership—illustrating each with compelling personal stories that left the audience both inspired and challenged.
Pillar One: Vision—Seeing the Possible in the Impossible
Bob Gay opened his speech with a striking visual: the word “Impossible” missing its first two letters, revealing a new reality—“Possible.”
“We’ve been told so many times that what we’re trying to do is impossible,” he said. “But we’ve learned that the impossible only exists until someone proves otherwise.”
This mindset is what led Gay and his team to establish the only U.S.-standard accredited School of Public Health in Africa at Ensign Global University in Ghana. The institution not only provides education but also delivers life-saving healthcare to rural villages. One initiative, Health to Go, sends healthcare workers on bicycles to remote communities, delivering treatment and reducing childhood mortality rates by 60%.
“People told us this couldn’t be done,” Gay reflected. “But what if we stopped listening to ‘impossible’?”
Pillar Two: Innovation—Creating Solutions That Empower
Innovation isn’t just for Silicon Valley—it’s the heartbeat of sustainable development. Gay illustrated this through his experience investing in a mini-mill steel plant in Indiana, where he turned cornfields into one of the world’s most cost-efficient steel producers. The key? Disrupting old paradigms with new technology and bold thinking.
He applied the same principle to social impact. When working with microfinance programs in India, Gay recognized that simply giving loans wasn’t enough. The real transformation came when they paired financial literacy and mentorship with access to capital. By instilling accountability, millions of entrepreneurs—especially women—built thriving businesses and lifted themselves out of poverty.
“You don’t empower people by giving them things,” he said. “You empower them by giving them the tools to create their own future.”
Pillar Three: Responsibility—The Accountability Factor
Self-reliance, Gay emphasized, must be built on personal accountability. He shared a story from Bangladesh, where Muhammad Yunus, the Nobel-winning founder of Grameen Bank, encountered a desperate man begging for money. Rather than giving him cash, Yunus asked, “How did you get here?” When the man admitted he had walked, Yunus pointed to a package courier and said, “Go offer to carry that package—you’re a walker.”
The message was clear: everyone has a skill they can leverage.
Gay took this lesson to heart when he helped develop the Self-Reliance Initiative, which operates in over 100 countries, helping individuals build businesses, find employment, and manage finances. The core belief? If you take responsibility for your future, you can change it.
Pillar Four: Servant Leadership—Lifting Others Without Seeking Credit
The most moving moment of Gay’s speech came when he shared a deeply personal experience from Sierra Leone. While traveling on a war-torn road, his vehicle crashed, leaving him seriously injured and bleeding. In the remote village where they sought medical help, a doctor approached him and said, “You see these surgical tools? You see this gown? A year ago, we had nothing. But because of your church’s donations, I can now help you.”
At that moment, Gay realized that everything he had achieved was because others had once served him.
This humility is why his organizations focus on partnerships rather than personal recognition. “It is amazing what you can accomplish if you do not care who gets the credit,” he said, quoting Harry Truman.
A Challenge to Legacy Builders
As the Legacy Builders Conference concluded, Gay left the audience with a challenge:
“What legacy will you leave? Will you give people fish, or will you teach them to fish? Will you do what is easy, or will you empower others to rise?”
Through his four pillars—vision, innovation, responsibility, and servant leadership—Gay has built a model for lasting impact. The question now is: how will we apply these lessons in our own lives?
Robert C Gay is Founder and Managing Director of Kensington Capital Holdings (his family office), Executive Director of HGGC (Huntsman Gay Global Capital) and emeritus General Authority Seventy of the Church of Jesus Christ of Latter-day Saints
Bob and his wife, Lynette, have co-founded and served as directors of multiple global humanitarian organizations, including the world’s first micro-finance accelerator, Unitus. Their efforts have focused on building schools, medical and maternal healthcare clinics, financing and growing microenterprises, clean water boreholes, latrines, and rescuing at risk persons including those trapped in modern slavery and illiteracy. These efforts have helped lift tens of millions of lives across the globe, but especially in India and Africa. They are also the founding partners of the Ballard Center for Social Impact at Brigham Young University, the Center for Business, Health and Prosperity at the University of Utah, and the Ensign Global University in Ghana.
As a General Authority for The Church of Jesus Christ of Latter Day Saints, Bob served in its worldwide leadership as a member of the Presidency of the Seventy, President of the Asia North Area, and Chairman of the Self-Reliance Services and Perpetual Education Fund Committee where he helped develop and implement programs that create educational, employment and small business opportunities for those in need. These programs are currently being used globally in all the areas of the world where the Church operates. Before his call as a General Authority, Bob resided in and served as Mission President in the countries of Ghana, Sierra Leone, and Liberia and as a full-time missionary in Spain.
Prior to his full-time church service, he worked on Wall Street as a merchant banker and private equity investor. He is a former senior managing partner for Bain Capital, co-founder and CEO of HGGC, co-founder of Sorenson Capital, Executive Vice-President of GE Capital Markets Group and management consultant for the international consulting firm, McKinsey & Company.
Bob earned a PhD in business economics from Harvard University where he taught economics and international finance. He is the recipient of the Utahan of the Year Award, the United States Presidential Service Award and the Martin Luther King Center Special Recognition Service Award for Non-Violent Social Change. He and his wife are parents of 7 children and grandparents to 23 grandchildren.
Alan is managing partner at Greenstein, Rogoff, Olsen & Co., LLP, (GROCO) and is a respected leader in his field. He is also the radio show host to American Dreams. Alan’s CPA firm resides in the San Francisco Bay Area and serves some of the most influential Venture Capitalist in the world. GROCO’s affluent CPA core competency is advising High Net Worth individual clients in tax and financial strategies. Alan is a current member of the Stanford Institute for Economic Policy Research (S.I.E.P.R.) SIEPR’s goal is to improve long-term economic policy. Alan has more than 25 years of experience in public accounting and develops innovative financial strategies for business enterprises. Alan also serves on President Kim Clark’s BYU-Idaho Advancement council. (President Clark lead the Harvard Business School programs for 30 years prior to joining BYU-idaho. As a specialist in income tax, Alan frequently lectures and writes articles about tax issues for professional organizations and community groups. He also teaches accounting as a member of the adjunct faculty at Ohlone College.