Page 379 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )
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3/20/24, 1:00 PM                                              Dailyhunt
        thousands of students from the UAE and the region to enroll and finish their higher


        education within a model educational environment,” he added.


        PNC Menon, Founder and Chairman of Sobha Realty, said: “The charitable grant

        agreement signed with MBRGI is part of our collaboration to implement impactful


        projects that benefit vulnerable populations across many countries. This agreement is


        particularly important to Sobha Realty due to its association with Mohammed bin Rashid

        Al Maktoum Global Initiatives, as we are keen to support charity and humanitarian


        initiatives launched by the UAE to help millions around the world.”


        “We are thrilled to be among contributors to the Mothers’ Endowment campaign, and


        the entity responsible for developing the upcoming campus building in Dubai. We

        strongly believe that investing in the endowment university will reap huge benefits in the


        future, both locally and regionally, positively impacting development efforts while


        solidifying Dubai’s status as a global destination, and an incubator of knowledge,” he

        added.


        Major step


        The endowment university, which aims to provide thousands of students with education


        opportunities, reflects how a culture of endowments has matured and evolved in the

        UAE.


        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 US $50.7 billion


        endowment that ranks 1st.  Stanford comes next and is also a private non-profit


        university with a US $36.5 billion endowment, while MIT, 3rd globally, has a US $23.5


        billion endowment.

        Reviving the culture of endowment





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