In 2003, the United Nations established the Nobel Peace Prize Memorial Fund to create a living memorial to United Nations staff members who had perished in the line of duty. The fund was created from the Nobel Peace Prize awarded in 2001 to the United Nations and to the Secretary-General. The Fund was established to further the Organization's goal of being a caring employer to its staff, many of whom risk their lives on a daily basis in the name of global peace and security. By providing grants to assist in the education of their surviving children, the Fund aimed to provide a practical way of helping the families of these staff members.
In 2010, the Fund was renamed the Memorial and Recognition Fund to assist children of United Nations civilian personnel killed in the line of duty through acts or incidents that occurred on or after 28 October 2009.
The Emergency Preparedness and Support Team (EPST) within the Office of Human Resources Management (OHRM) is responsible for the administration of the Fund, in consultation with the Office of Programme Planning, Budget and Accounts (OPPBA). In addition, the Secretary-General shall establish an Advisory Board, composed of eminent personalities and representatives of the Secretary-General and the staff to advise on the strategic direction of the Fund and on ways to maximize the level of its resources and to assist the Secretary-General in fund-raising activities for the Fund.