The Ruan family established the World Food Prize Foundation backed by an endowment of $10 million. In 2000, Kenneth M. Quinn was made the president. Borlaug, Ruan, and Quinn were all from the US state of Iowa. Barbara Stinson succeeded Quinn as the second president in 2019. The former Des Moines Library was acquired and the Ruan family gave $5 million to renovate the building into the headquarters for the World Food Prize Foundation. A number of sponsors would go on to contribute over US$ 20 million in a campaign to transform the building into a public museum, the Hall of Laureates, to honor Borlaug and the work of the World Food Prize laureates. Other sponsors have included over 100 charitable foundations, corporations and individuals, who have helped sustain the prize and the Foundation's associated events. The Founder's Boardroom in the Hall of Laureates commemorates 27 individuals who played an important part in the foundation of the prize. The first chairperson of the World Food Prize laureate selection committee was Norman Borlaug. Borlaug appointed the first laureate M. S. Swaminathan as his successor in 2009. Currently, Gebisa Ejeta, the 2009 laureate, is the chairperson. Apart from the chairperson who is a non-voting member, other members of the selection committee remain anonymous. On January 24, the Foundation announced that former Iowa Governor and U.S. Ambassador to China Terry Branstad would take over as President, replacing outgoing former president Barbara Stinson. World Food Prize laureates Associated events The Foundation has expanded into a number of associated events including the Norman E. Borlaug International Symposium, also known as the World Food Prize Symposium or the Borlaug Dialogue. A Youth Institute was established in 1994 to motivate youngsters in agriculture, food, population and connected sciences. Youth Institutes have been set up in 24 states of the United States, and three other countries. On the basis of essays, high school students are selected to take part in the activities of these institutes. Participation in these institutes also makes one eligible for an eight-week internship program. The Borlaug-Ruan International Internship provides high school students an eight-week opportunity for a hands-on experience, working with world-renowned scientists and policy makers in the area of hunger and nutrition at leading research centres around the world. The internship was founded in 1998 and has funded over 350 Borlaug-Ruan interns who have travelled to 34 agricultural research centres around the world.