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Dubai ruler promises £5 billion foundation gift

Dubai ruler promises £5 billion foundation gift

Sheikh Mohammed bin Rashid al-Maktoum, the Ruler of Dubai, has pledged $10 billion (£5 billion) to a new foundation he is setting up. The Mohammed Bin Rashid Al Maktoum Foundation will focus on promoting human development in the region by funding education and knowledge development initiatives.

According to the BBC, the pledge, made at the World Economic Forum in Jordan, is “thought to be one of the largest charitable donations in history”.

The Foundation will be based in the United Arab Emirates and will “source and manage research programmes and centres and provide scholarships, leadership programmes and research grants”.

Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world's first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp.

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