Page 376 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

3/20/24, 1:22 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 university with a

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

rd
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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