Mohammed Bin Abdulaziz al-Rajhi Charitable Endowments Foundation is a philanthropic organization that operates across various regions, with its main headquarters in the capital, Riyadh, in the Kingdom of Saudi Arabia.
Mohammed Bin Abdulaziz al-Rajhi Charitable Endowments Foundation began operations in 1994 by launching endowments dedicated to the Holy Quran. The foundation has four branches outside Riyadh, located in Makkah al-Mukarramah, al-Kharj Governorate, Unaizah Governorate, and Buraydah Governorate. Its operations focus on five main sectors: agriculture, real estate, investment, hospitality, and philanthropy.
Following the success of the Holy Quran endowments, Mohammed Bin Abdulaziz al-Rajhi initiated several other endowments; first for the construction of mosques, then for the poor and needy, subsequently establishing additional endowments. In 2008, he allocated some of his properties to create an endowment to serve Islam and Muslims within and beyond Saudi Arabia. To ensure the sustainability of these assets, he stipulated that 75 percent of the endowment's returns would be allocated to charitable work, while 25 percent would be reinvested to maintain and grow the endowment.
Objectives of Mohammed Bin Abdulaziz al-Rajhi Charitable Endowments Foundation
The foundation strives to fulfill its charitable mission by achieving several key objectives, including:
- Adopting innovative and distinctive projects that positively impact society as a whole.
- Contributing to addressing societal issues based on the findings of studies and research to create new initiatives focused on prevention and treatment.
- Strengthening, developing, and improving existing charitable organizations and institutions.
- Building partnerships and alliances with other entities, including granting institutions, relevant government entities, charitable associations, and the private sector, to advance the charitable sector.
- Prioritizing the service of beneficiaries and improving the quality of services provided.
- Contributing to achieving balance in community development in various social, health, relief, media, educational, and religious fields.
- Elevating the status of charitable work to ensure its role as an influential and active third sector within society.
Sectors of Mohammed Bin Abdulaziz al-Rajhi Charitable Endowments Foundation
The charitable work of the foundation spans several sectors, including:
- Charitable Sector: It is one of the foundation's key sectors, where the returns from endowment investments are allocated to charitable projects.
- Agricultural Sector: It is a growing and promising sector that requires long-term financial and technical investment to yield results.
- Real Estate Sector: It is focused on contributing to real estate development across various provinces of Saudi Arabia and providing suitable housing.
- Financial Securities Sector: This sector invests in proven successful investment funds.
- Hospitality Sector: It comprises a network of distinguished hotels.
The operations of Mohammed Bin Abdulaziz al-Rajhi Charitable Endowments Foundation are organized through an administrative system consisting of six different departments with complementary functions. These departments are Human Resources Management, Real Estate Management, Procurement and Warehousing Management, Sales Management, Financial Management, and Research and Development Management.
Additionally, the organizational structure includes specialized committees; namely the Bonuses and Nominations Committee, the Investment Committee, the Internal Audit Committee, and the Grants Committee.
Projects of Mohammed Bin Abdulaziz al-Rajhi Endowments
Mohammed Bin Abdulaziz al-Rajhi Endowments support various projects both within and beyond Saudi Arabia, including:
Inmate Development Project: Provides rehabilitation for 1,400 inmates at al-Ha'ir Prison, focusing on social, educational, psychological, and skill development.
Support Project: Sponsors one hundred students from various countries to study at al-Maarefa International University for distance learning.
Global Languages Visual Library Project: Produces multimedia content, including Holy Quran recitations, hadiths, interstitials, and other programs, for non-Arabic-speaking satellite channels.
Advisory Hotline Project: Offers social, educational, psychological, and family counseling services across Saudi Arabia and Gulf countries.
Fursan Naqa' Project (Champions of Purity): An awareness initiative for elementary school students to prevent the harmful effects of smoking.
Donia Banat Project: Establishes, equips, and operates the Donia Girls Club.
Endowments Committee at Riyadh Chamber of Commerce and Industry: Encourages endowments to enhance charitable resource development.
Social Initiatives Project: Implemented by the Family Development Society in al-Madinah al-Munawwarah (OSRATY).
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