Trump’s Billion-Dollar Board of Peace

Imagine you’re the president of a midsize country, and you’re offered a permanent seat on the United Nations Security Council. The only condition: You have to pay the secretary-general of the United Nations $1 billion.

This is something like what Donald Trump is now offering world leaders.

The U.S. president has sent letters of invitation to various heads of government to join a new Board of Peace, which he will chair. The organization was envisioned as part of the United Nations–backed effort for the reconstruction and transitional governance of Gaza. But the new board’s charter, details of which have not been previously reported, appears to give the board a global remit, according to a copy we reviewed. And the price of a permanent position on the board is very steep.

The charter’s membership section, written in legalese that sounds not unlike an application to join the committee of an upscale golf club, says members will be invited by the chairman to participate for a three-year term, subject to renewal by Trump. But there is a way to skip the renewals and lock in for the long term: “The three-year membership term shall not apply to Member States that contribute more than USD $1,000,000,000 in cash funds to the Board of Peace within the first year of the Charter’s entry into force.”

What the money will be used for isn’t stated. Its expected purpose is to fund reconstruction and other revitalization efforts in Gaza and perhaps beyond, in whatever conflicts Trump and the board choose to address. But the charter doesn’t address that. Its finance section simply states: “Funding for the expenses of the Board of Peace shall be through voluntary funding from Member States, other States, organizations, or other sources.” That could leave interested world leaders wondering where, exactly, their money would go.

[Read: The Trump administration has a new plan for Gaza]

“The entire world is lining up to join President Trump’s historic effort to deliver peace to the Middle East and create a peaceful and prosperous future for the people of Gaza,” the White House spokesman Dylan Johnson told us in a statement. “This week marks a historic new beginning in the Middle East.”

Although the concept of the Board of Peace was endorsed by the Security Council in November as part of Trump’s 20-point plan for Gaza, the new board’s charter appears to show an ambition to be what Trump has always wanted: a rival to the UN that lacks the latter’s notorious inefficiency.

The first paragraph of the preamble states that “durable peace requires pragmatic judgment, common-sense solutions, and the courage to depart from approaches and institutions that have too often failed.” And, in case you missed the dig, a little lower the preamble talks of the need for “a more nimble and effective international peace-building body.”

The Board of Peace charter makes no mention of Gaza. And although the November UN resolution gave the board a two-year, extendable mandate ending in December 2027, the three-year terms and billion-dollar permanent memberships suggest Trump has a much longer time horizon in mind.

The Board of Peace and other measures to address the crisis in Gaza were unveiled in recent days after months of fragile cease-fire. On Wednesday, Steve Witkoff, Trump’s friend and special envoy, announced the start of phase two of Trump’s peace plan: “the full demilitarization and reconstruction of Gaza,” as well as the establishment of “a transitional technocratic Palestinian administration.” The Board of Peace’s job is to oversee all this. The board officially formed the day after Witkoff’s announcement, according to a post by Trump on Truth Social.

The Board of Peace has an executive board, the organization’s operating committee. The White House this week named its initial seven members: Secretary of State Marco Rubio; Jared Kushner, Trump’s son-in-law and adviser; former British Prime Minister Tony Blair; Ajay Banga, president of the World Bank; the financier Marc Rowan; Robert Gabriel, a deputy national security adviser and former Fox News producer; and Witkoff. In addition, the Board of Peace has a separate panel of Palestinian technocrats, headed by the former Palestinian Authority official Ali Sha’ath. The technocrats are responsible for everyday management of Gaza.

Further announcements related to the Board of Peace are expected at the World Economic Forum in Davos, which kicks off Monday. Trump told reporters on Air Force One last week that the board will comprise the “most important leaders of the most important nations.”

[Read: Trump’s ‘Peace President’ claim isn’t holding up]

In letters of invitation to join the Board of Peace, Trump said, “This Board will be one of a kind, there has never been anything like it!” according to a copy posted on X by Argentinian President Javier Milei. Trump also sent invites to Turkish Premier Recep Tayyip Erdoğan, according to an X post by the head of Erdogan’s communications office, and Canadian Prime Minister Mark Carney, who has accepted, according to The Globe and Mail.

If Trump aims to create a UN replacement, that would square with his long-held contempt for the global body. In September, he went well over his allotted time at the General Assembly for an excoriating speech. “What is the purpose of the United Nations?” he asked, adding that the organization had “tremendous potential” that it was “not even close to living up to.” Trump claimed that he’d had to step in and end wars that the UN was too weak to handle.  

Now Trump, who has long coveted a Nobel Peace Prize, will have an organization of his own with the word “Peace” right there in the name. Fellow world leaders will be there to join him—provided, that is, that they’re willing to pay to stick around.