The “Life Endowment” initiative is set to establish a new asset management company aimed at treating 300 patients annually. This bold step seeks to enhance contributions to the healthcare sector and the community. Under the leadership of the Abu Dhabi Endowment Authority, the campaign is gathering financial support to provide healthcare for those in genuine need. With the campaign successfully raising over 900 million dirhams, new ambitions are emerging to set up an asset management company to join the fight against chronic diseases.
Achievements of the “Life Endowment” Campaign
According to Nada Al Qasimi, Director of Strategy and Corporate Excellence at the Abu Dhabi Endowment Authority, the “Life Endowment” campaign has raised over 900 million dirhams from 200,000 contributions by mid-June. She explained that this community initiative, launched by the Endowment Authority in collaboration with the Minor’s Funds Administration and the Department of Health, aims to support those suffering from chronic diseases under the slogan “With You for Life.” This move reflects the authority’s commitment to enhancing the sustainability of healthcare services and covering treatment costs for the most needy families.
Establishment of a Sustainable Health Endowment Fund
The campaign aims to create a sustainable health endowment fund to support the treatment of 300 patients annually, as well as care for senior citizens and people of determination. Al Qasimi stated, “The campaign has a humanitarian vision that seeks to enhance community solidarity and ensure the continuity of giving.” The campaign has witnessed significant interest, raising 115 million dirhams in just the first week, reflecting its success in attracting donors.
Upcoming Initiatives and Investment Projects
Al Qasimi clarified that the establishment of a new asset management company for the “Life Endowment” aims to enhance asset management effectiveness and increase community value. The treatment of five main cases will be funded, including cancer, kidney failure, and support for people of determination. Additionally, major investment projects include a community center valued at 50 million dirhams and the “Box Hub” project with a budget of 10 million dirhams, providing an interactive environment for shopping and entertainment.
Sustainable Commitment within the “Healthcare Endowment”
This campaign is part of the “Healthcare Endowment” launched by the Abu Dhabi Endowment Authority in May 2024, in collaboration with the Red Crescent Authority and the Community Contributions Authority. This endowment aims to enhance the sustainability of healthcare services and provide funding to ensure treatment for those suffering from chronic diseases in the most needy categories, contributing to the improvement of the healthcare system in the country.
Thanks to the efforts of the “Life Endowment,” the community’s commitment to working towards positive change is evident. The establishment of a new asset management company aimed at treating 300 patients annually is just the beginning of a journey filled with giving and initiatives that prioritize the health and well-being of the community.