of major liquidity problems among the developing countries. In 1986, he became the head of the world's largest source of multilateral development grant assistance, the United Nations Development Programme. As the second highest ranking individual in the United Nations, Draper oversaw nearly 10,000 international aid projects. During his time at the UN and the Export-Import Bank, Draper traveled to 101 developing countries and met with over 50 heads of state. Under Draper, "the agency's programs grew in value from $890 million in 1985 to $1.5 billion in 1992." Return to venture capital In 1994, Draper and Robin Richards Donohoe founded Draper International, the first U.S. venture capital fund to focus on investing in private companies with operations in India. In 2002, he co-founded Draper Richards LP, a venture capital fund that invests in early-stage technology companies in the U.S., and he also founded Draper Investment Company, which concentrates on seed investments in Europe and Asia. Draper Richards Kaplan Foundation In 2002, along with Robin Richards Donohoe, Draper co-founded the Draper Richards Foundation. Robert Steven Kaplan, formerly vice-chairman of Goldman Sachs and the thirteenth president and CEO of the Federal Reserve Bank of Dallas, joined as co-chair in 2010. In 2006, Draper donated $1 million, in honor of Donohoe, to the Stanford Graduate School of Business to support the school's Stanford Social Innovation Review. The Draper Richards Kaplan Foundation is a global venture philanthropy firm that supports early-stage, high impact social enterprises. Borrowed from its venture capital legacy, DRK finds, funds and supports exceptional leaders building innovative solutions to some of the world’s most challenging problems. Since beginning this work nearly 20 years ago, DRK has invested in more than 180 organizations who have collectively impacted over 150 million lives to date. The current DRK portfolio includes organizations working both domestically in the United States and internationally helping to provide critical access to healthcare, education, legal resources, economic empowerment, food security, social justice, water and sanitation, transparency and accountability, and shelter. Community service As a civic leader, Draper has been involved in many community service programs. He is currently on the boards of The Draper Richards Kaplan Foundation, Freeman Spogli Institute of International Studies at Stanford University, and the Harvard Business School California Research Center Advisory Board. He is a member of the Council on Foreign Relations and the President's Council on International Activities at Yale University. Draper formerly served as