Cardinal Vincent paid tribute to the Catholic Philanthropist Albert Gubay who died on 5 January 2016 on the day that the Albert Gubay Charitable Foundation announced it expected to make £10 million in donations to charities annually.
According to the Foundation, 'Albert Gubay dedicated his working life to the creation of charitable arrangements that would be as large and meaningful as his genius for business was able to make them'.
As a young man, Mr Gubay made a pledge to God that he would give half of all he made to charity.
'By putting the property empire he had created into the charity and ensuring that half the profits were reinvested each year, he created something that could do more good than even his original promise to God. He sought to create something which would continually grow and year on year keep generating ever greater funds for charitable causes.
'At no time did he care what people thought of him, because he knew that instead of building wealth for himself his whole focus was on the creation of something for future generations of good causes.'
Speaking of the announment today, Cardinal Vincent said: 'This is a remarkable tribute to the life-long effort of an exceptional man whose focus and determination was to create a source of charitable funding that would be substantial and lasting. Many will be grateful to him for years to come.'
In 2011, Mr Gubay was invested as a Knight Commander with Star of the Order of St Gregoy the Great for his services to the Church.
Pictured with then-Archbishop Vincent are Albert Gubay and his wife Carmel.