The Board of Peace, established by former President Donald Trump in January 2026 to rebuild Gaza, has not received any donations into its official World Bank-administered reconstruction fund despite pledges totaling billions of dollars from Trump and Gulf states Qatar, Saudi Arabia, and the UAE [1, 2, 3, 4, 5, 6]. Trump personally leads the Board and retains final decision authority after leaving office [1, 2, 3, 4, 5].
The Board was created following a US-brokered ceasefire between Israel and Hamas in October 2025 ending two years of war in Gaza [2, 3, 4, 5]. Israeli military activity and control persist, with over 910 casualties since the ceasefire and Israel controlling 60% of Gaza, including all access points [2, 3].
The official reconstruction fund is administered by the World Bank and endorsed by the United Nations. However, reports published May 27 confirm no money has entered that fund since the Board’s launch [1, 2, 3, 4, 5, 6]. Instead, donations reportedly went into a JPMorgan Chase account controlled by the Board of Peace, lacking independent transparency requirements [1, 2, 3, 4, 5, 6]. An anonymous source said, “A dollar has not been deposited [into the fund]” [1]. The Board’s social media claimed the World Bank fund was “just one of many funding mechanisms that to date has not been utilised by the donor community,” adding that funding came through “other mechanisms” [2].
The Board’s membership requires a $1 billion fee for permanent seats. Trump pledged $10 billion himself, while Qatar, Saudi Arabia, and the UAE pledged at least $1 billion each [1, 2, 3, 4, 5]. Major European countries including France and Britain declined to join, citing disagreement or lack of interest [1, 2, 3, 4, 5]. The Board is composed of US Middle East partners, Trump’s ideological allies, and smaller states seeking influence [1, 2, 3, 4, 5].
The World Bank and the United Nations estimate Gaza’s reconstruction will cost over $71 billion across the next 10 years [4, 5]. Reports say funds have not been deposited into the official World Bank fund because the actual reconstruction phase has not started yet [2, 3]. Still, critics on social media question the Board's transparency, legal standing, and Trump’s intent or ability to deliver on Gaza rebuilding [6].
The next major test for the Board of Peace will be the official start of Gaza’s reconstruction, which could trigger actual transfers into the World Bank-administered fund.
