As President Donald Trump's Board of Peace – the international body established to oversee Gaza's reconstruction, with Trump as its lifelong chairman – approaches its six-month anniversary, not a single dollar has been deposited into its fund, or spent towards Gaza projects, several insiders told the Financial Times.
“Zero dollars have been deposited,” one person familiar with the matter told the Financial Times in its report Tuesday regarding the Board of Peace’s fund, despite there being $17 billion in pledges.
The Board of Peace was announced by Trump in late 2025, officially established in January and endorsed by the United Nations to carry out its stated goal of overseeing the Gaza peace plan and aiding in reconstruction efforts.
And yet, despite Trump boasting that the board “has the chance to be one of the most consequential bodies ever created,” and despite the billions of dollars in supposed pledges, the organization's fund has “received no money from donors,” four insiders told the Financial Times, and “not one US dollar” has been allocated toward projects to aid Gaza, two other insiders confirmed.
The State Department has previously claimed that around $1.25 billion in U.S. aid spending would be redirected toward the Board of Peace to assist in its reconstruction of Gaza. That too, according to a senior congressional aide, remains in limbo.
“None of that money [has gone to the board],” the aide told the Financial Times, speaking on the condition of anonymity. “None of that money is being managed by the Board of Peace. And State tells us there’s no intent to have any of that money managed by the Board of Peace.”