Donald Trump's Board of Peace is reportedly failing to get funding.
Trump’s Board of Peace Stuck in Limbo as Funds Fail to Materialise
May 27 2026, Published 1:50 p.m. ET
The Board of Peace was created by President Donald Trump in January to manage Gaza's reconstruction and administration.
However, it has not received any deposits into its official fund, as reported by the Financial Times on May 26, which cited four sources familiar with the situation. "Zero dollars have been deposited," one source told the newspaper.
Rather than funneling donations through the World Bank's fund, the board has been getting contributions directly into a JPMorgan Chase account, according to a spokesperson.
Trump’s Board of Peace is reportedly not receiving any funds.
The Financial Times pointed out that there are no independent transparency rules for that account.
On May 15, the board sent a report to the United Nations Security Council. It warned of a significant gap between the funds that were pledged and those that had actually been received. However, the document did not state the size of this shortfall. The board explained to the UNSC that the difference highlights the gap between a theoretical plan and one that could truly benefit the people of Gaza.
In April, Reuters reported that the board had only received a small portion of the $17 billion pledged by member nations.
The board denied this, claiming there were "no funding constraints." Out of the 10 nations that promised financial support, only three, the United States, the United Arab Emirates, and Morocco, had delivered contributions, according to the report. Total contributions at that time were less than $1 billion.
Trump announced the board at the World Economic Forum in Davos, Switzerland, in January and signed its charter during the same trip. He is the chair for life, according to its founding documents, and has veto power over its decisions.
Board of Peace denies the Financial Times reporting.
Executive board members include Secretary of State Marco Rubio, Trump's Middle East envoy Steve Witkoff, Jared Kushner, former British Prime Minister Tony Blair, World Bank President Ajay Banga, and Apollo Global Management CEO Marc Rowan.
Nations that become permanent members must contribute $1 billion. Trump pledged $10 billion from the United States, while Qatar, Saudi Arabia, and the UAE each promised at least $1 billion.
An EU-UN assessment released in April estimated that rebuilding Gaza would cost more than $71 billion over the next decade. The board's UNSC report noted that about 85 percent of Gaza's infrastructure has been destroyed, with an estimated 70 million tonnes of debris needing removal.
As of February, around 40 of the 60 states Washington approached had not joined the board. Major European nations, including the United Kingdom, France, Germany, and Canada, chose not to participate.
France stated that the board's charter did not align with a UN resolution on Gaza and included elements that contradicted the UN charter.
The UN Security Council approved the Board of Peace for work in Gaza under Resolution 2803, passed in 2025.
The board's representative for Gaza, former UN diplomat Nickolay Mladenov, reported in February that 2,000 applications had been received within hours after opening recruitment for a transitional Palestinian police force.