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The Peace Corps: Current Issues Founded in 1961, the Peace Corps has sought to meet its legislative mandate of promoting world peace and friendship by sending American volunteers to serve at the grassroots level in villages and towns in all corners of the globe. About 8,655 volunteers currently serve in 77 nations. In 2010, the 111th Congress is considering the President’s annual funding request for the Peace Corps, efforts to reauthorize the Peace Corps, and related issues. On February 1, the Obama Administration issued its FY2011 budget request, proposing $446.2 million for the Peace Corps, a 12% increase over the FY2010-appropriated level of $400 million (H.R.