Page 398 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

3/20/24, 1:02 PM Mohammed bin Rashid Al Maktoum Global Initiatives, Sobha Realty signed a charitable grant agreement to establish an AED 400 …
It is worth pointing out that the world’s top three universities and

institutes are endowment institutions. Harvard is a private, non-profit

st
university with a US $50.7 billion endowment that ranks 1 . Stanford
comes next and is also a private non-profit university with a US $36.5

rd
billion endowment, while MIT, 3 globally, has a US $23.5 billion
endowment.

Reviving the culture of endowment

The Mothers’ Endowment campaign, launched by His Highness Sheikh

Mohammed bin Rashid Al Maktoum on 4 March, is organized under the

Mohammed bin Rashid Al Maktoum Global Initiatives and allows

contributors to honour their mothers by donating on their behalf. It

aims to provide education and vocational training to underprivileged

individuals by supporting education across all levels and vocational

tracks, allowing them a chance to improve their quality of life, build

their skills and prepare for the job market, which will ultimately drive

the stability and development in their communities.

The campaign seeks to revive the culture of endowments as a

development tool that ensures sustainable impact and giving, while at

the same time highlighting the role of mothers in supporting their

children’s education. The campaign also establishes the values of

honouring parents, kindness, compassion and solidarity in the

community, and further establishes the UAE’s humanitarian role.

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