The official fund for Donald Trump’s Board of Peace is empty and the organisation is stuck in a legal and political limbo that has held up projects to rebuild Gaza.The US president described the board, which solicited $1 billion “lifetime membership” fees from world leaders, as one of the “most consequential” international organisations created. Member states pledged $7 billion for the board’s Gaza “relief package”, and Trump promised a further $10 billion in US funding.But four months after its establishment, the board’s financial fund set up by the World Bank has received no money from donors, according to four people familiar with the matter. “Zero dollars have been deposited,” one says.Rather than use the fund administered by the World Bank, and endorsed by the UN, the board has received donations directly via its JPMorgan account, the board’s spokesperson and another person familiar with the arrangements say.While the World Bank must report on the financial position of the Gaza fund to contributors and board members, no independent transparency requirements are in place for the JPMorgan account.A Board of Peace official says “a number of options were established to receive funding” including the World Bank mechanism and that “at this point, contributors have opted to use other options”.[ Ireland invited to join Donald Trump’s ‘board of peace’ for GazaOpens in new window ]A badly damaged area near the Gaza City’s beachfront. Photograph: Saher Alghorra/The New York Times