Sheikh Mohammed issues directives to form Board of Trustees for ‘1 Billion Meals Endowment’

Sheikh Mohammed issues directives to form Board of Trustees for ‘1 Billion Meals Endowment’

DUBAI - His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has issued directives for the formation of a Board of Trustees for the “1 Billion Meals Endowment” initiative, which falls under the umbrella of Mohammed bin Rashid Al Maktoum Global Initiatives.

The move aims to ensure managing and investing assets of the largest food aid endowment project, as well achieving highest recurring returns and creating a sustainable source of giving.

His Highness Sheikh Mohammed bin Rashid said, “Creating a Board of Trustees for the ‘1 Billion Meals Endowment’ is a key step towards realising the endowment’s strategic goals, thereby reaching the largest possible segment of underprivileged individuals and providing a food safety net for tens of millions of people around the world.

“The Board of Trustees will be tasked with growing and investing the endowed capital, creating plans to ensure a return on investment and informed spending towards sustainable food aid sites. The aim is to sustain the impact of this initiative for years to come, and to create a better future through ongoing initiatives,” he added.

Mohammed bin Rashid Al Maktoum Global Initiatives collaborated with a specialised agency to prepare a comprehensive governance framework that