On September 29, 2016, President of Ukraine Petro Poroshenko, together with public figures and philanthropists, initiated the creation of the first Babyn Yar Holocaust Memorial Center.

[3] On September 29, 2016, President of Ukraine Petro Poroshenko, together with public figures and philanthropists, initiated the creation of the first Babyn Yar Holocaust Memorial Center.

The Supervisory Board is headed by the chairman of the Jewish Agency for Israel Natan Sharansky and consists of philanthropists German Khan, Mikhail Fridman, Victor Pinchuk, and Pavel Fuks, the chief rabbi of Kyiv and Ukraine Yakov Dov Bleich, artist Svyatoslav Vakarchuk, world heavyweight champion Volodymyr Klitschko, the former Director-General of UNESCO Irina Bokova, former President of Poland Alexander Kwasniewski, former Minister of Foreign Affairs of Germany Joschka Fischer.

[7] On 6 October 2021, following the 80th anniversary of the massacre, the Memorial Center released the first 161 names of Nazi soldiers who were perpetrators of the crimes at Babyn Yar.

[12] In a February 2023 interview, art director of the Babyn Yar Memorial Foundation Ilya Khrzhanovsky mentioned that German Khan and Mikhail Fridman (at the time both under sanctions due to their alleged role in the 2022 Russian invasion) had withdrawn from the project and that Ronald Lauder had recently become a major donor.