"Let us turn the education of 40 girls into 40 million girls," Malala said in a video statement announcing the grant at the Women in the World summit in New York City.
"[The grant] is very successful, and Malala is skyping with the girls on a regular basis and mentoring them," said Shahid, who is now executive director of the fund. "Moving forward, we hope to expand our projects to other parts of the world, focusing on developing countries where there is a high proportion of out-of-school girls and investing in local innovative solutions that can scale."
In her exclusive interview with ABC's Diane Sawyer, Malala said her goal was to help all girls who were out of school who want an education. "We want to help them, to help those children, make schools for them, to build schools."
Yet the 16-year-old Malala, who is the youngest person ever to be nominated for a Nobel Prize, acknowledged that educating all children may be too big a job, even for her.
"That's why I want to become a politician, " she told Sawyer. "Because if I make the Malala Fund, if it builds even 200 schools, it can't educate the whole country. The important thing is that the government ... must make education compulsory for every child. And they must build schools."
What You Can Do to Help:
The Malala Fund, led by Malala Yousafzai and her father Ziauddin Yousafzai, focuses on helping girls go to school and encouraging them to raise their voices for the right to education. The fund has three key objectives:
Investing in girls' education through innovative solutions to deliver high-quality education to disadvantaged communities around the world.
Amplifying voices of educational advocates to tell the stories of those who are fighting for their right to education.
Channeling collective action to make girls' education a true priority.
How to Get Involved:
The Malala Fund is asking people to take a photo or record a short video message explaining why they are standing with Malala and raising their voices to give power to girls everywhere. People can share their photos and videos via @MalalaFund on Twitter and Instagram using the hashtag #IamMalala.
You can take a picture holding a sign that says #IamMalala, or record a short video message and share your "#IamMalala because ..." story.
Recommended Tweets Include:
#IamMalala because I believe that all girls deserve an education. Check out the @MalalaFund to learn morehttp://www.malalafund.org/
Other Ways to Help:
These organizations are all working to help educate and empower girls around the world.
Girl Rising is a global action campaign dedicated to driving donations to help girls gain access to education.
Girl Up is a United Nations Foundation campaign dedicated to giving American girls the opportunity to raise awareness and funds for UN programs that help the world's hardest-to-reach adolescent girls.
Plan International is one of the oldest and largest children's development organizations in the world that works to promote child rights and lift children out of poverty.
World at School is a new digital mobilization initiative that works towards achieving global education.
Girl Effect is a movement about leveraging the unique potential of adolescent girls to end poverty for themselves, their families, their communities, their countries and the world.
Developments in Literacy educates and empowers underprivileged students, especially girls, by operating student-centered model schools; and provides high-quality professional development to teachers and principals across Pakistan.
Global Citizens in Action is an international NGO whose mission is to foster dialogue and understanding among the world's youth.