The Gallagher Foundation was founded in 2001 by Ellen and Jerry Gallagher to provide scholarships to universitty students in 3 countries, namely South Africa; Mexico and Turkey. The first scholarships awarded by the foundation were in 2002 in South Africa, followed by Mexico in 2004 and Turkey in 2005.

The purpose of the scholarship is to assist young leaders with their studies, who they believe will positively impact their developing country by bringing peace and prosperity.

Students are funded to study at the University of Cape Town in South Africa, at ITESM Monterrey Campus in Mexico and at Bogazici University in Turkey.