The AB Charity Foundation Has Officially Commenced Its Global Operations

This milestone marks the formal entry of the organization into the international nonprofit arena, introducing a public-interest initiative that merges technological innovation with institutional integrity.

The AB Charitable Foundation has officially launched its global operations and a new website, www.ab.org. This landmark event sees the Foundation emerging onto the international nonprofit scene, presenting a public-interest initiative that fuses technological innovation with institutional integrity.

Headquartered in Ireland and operating within recognized legal frameworks of the European Union, the Foundation is structured as a charitable organization focused on sustainable development and rebuilding global trust in governance and collaboration. At the intersection of governmental, civil, and technological sectors, the Foundation is guided by a board of directors composed of highly respected former European leaders.

The board is chaired by Bertie Ahern, Ireland’s former Prime Minister who played a pivotal role in brokering the historic Good Friday Agreement. Other board members include Lawrence Gonzi and Péter Medgyessy, former heads of state and government from Malta and Hungary, respectively. Additionally, Danilo Türk, former president of Slovenia and candidate for the presidency of the United Nations General Assembly, and Petar Stoyanov, former president of Bulgaria and member of the European Court of Auditors, bring their diverse experience to the board.

Alongside its executive leadership, the Foundation is in the process of assembling a globally representative advisory board. This body is intended to include esteemed individuals from all five continents—ranging from former presidents and scientists to diplomats and cultural influencers. Their collective expertise will be instrumental in guiding the Foundation’s strategic direction and promoting collaboration across borders in the execution of high-impact social initiatives.

The Foundation’s overarching mission centers around the advancement of global welfare, with a focus on education, health care, environmental protection, and humanitarian support. The organization elaborates that its approach is founded upon transparent governance systems and cutting-edge blockchain technology, aiming to create a model of cooperation that is both verifiable and trustworthy.

The leadership maintains that technological change is not driven by innovation alone but rather by a global consensus on the necessity of trustworthy institutions for achieving meaningful progress.

The operational backbone of the Foundation is supported by AB DAO, which provides the blockchain framework underpinning its financial and administrative functions. A key aspect of this infrastructure is the automated redirection of 15% to 30% of the gas fees from each transaction on the AB public blockchain to a dedicated charity pool. This on-chain funding mechanism facilitates a new philanthropic paradigm—one that combines automated donations with real-time transparency, blockchain-based audits, and third-party compliance supervision.

Furthermore, a portion of the returns generated through the AB Ecosystem Fund—ranging from 15% to 30%—is allocated to the Foundation’s charitable reserves. These funds have already financed several initiatives, with more programs currently in development. Among the funded projects are:

• The AB Charitable Foundation has supported the SOS Children's Villages to provide a safe haven for children in need through the construction of a new SOS Children's Village in Inner Mongolia, China. This initiative aligns with the Foundation's commitment to advancing global welfare and supporting vulnerable populations.

• In response to the pressing issue of climate change, the Foundation has contributed to the REWILD Tech startup focused on developing solutions for large-scale seaweed farming. This project aims to mitigate carbon emissions and restore marine ecosystems, reflecting the Foundation's dedication to environmental protection and technological innovation.

• Recognizing the importance of education, the Foundation has also funded a coding school for girls in Southeast Asia. This initiative aligns with the Foundation's vision for empowering women and girls and promoting opportunities in Science, Technology, Engineering, and Mathematics (STEM) fields.

• Moreover, the Foundation is engaged in financing a project focused on providing clean water access in Sub-Saharan Africa. This initiative underscores the Foundation's commitment to advancing living standards and addressing fundamental needs in developing regions.

The leadership elaborates that the Foundation's goal is to make a meaningful difference in the world by supporting impactful projects across diverse domains. As the Foundation continues to grow and expand its reach, it plans to undertake even larger and more ambitious initiatives to leave a lasting legacy of global good.