Page 379 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

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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