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EHU Trust Fund Basics

EHU Trust Fund Status Report European Humanities University Trust Fund Assembly of Donors Vilnius, June 6, 2013. EHU Trust Fund Basics. Proposed to the Nordic Council of Ministers by the European Commission, and Established by the Nordic Council of Ministers in June 2008

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EHU Trust Fund Basics

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  1. EHU Trust Fund Status ReportEuropean Humanities University Trust Fund Assembly of DonorsVilnius, June 6, 2013

  2. EHU Trust Fund Basics • Proposed to the Nordic Council of Ministers by the European Commission, and • Established by the Nordic Council of Ministers in June 2008 • Mandate expires by end of 2013 • External assessment has been carried out in 2012 • Total donations 2008-2012 amounts to approx. 16 million EUR • Provides 2.856.198 EUR to the EHU in academic year 2012-2013 (58 % of the total budget)

  3. Major Developments 2012-2013 • Continued renewal of support from many Donors despite the continued difficult economic situation in many countries • Sustained major support from a number of donors, especially Sweden, Norway, the NCM and Poland. • Discontinued support from United Kingdom and France • The Emergency Fund was established in 2011 with donations from the NCM, Norway and Denmark (total 150.000 EUR) • The fund has since supported persecuted young Belarusians with xxx EUR • Continued cooperation between the Trust Fund and EHU in terms of fundraising activities

  4. Total Contributions 2008-2012 (EUR) • European Commission 5.000.000 • Nordic Council of Ministers 2.569.062 • Sweden 2.228.656 • Norway 1.630.573 • United States 1.086.232 • Lithuania 830.000 • Finland 600.000 • Poland 448.947 • MacArthur Foundation 431.696 • Denmark 300.000 • Czech Republic 229.857 • United Kingdom 115.000 • Hungary 111.355 • Greece 100.000 • France 90.000 • Estonia 80.562 • Ireland 50.000 • Spain 50.000 • Total 15.951.940

  5. Challenges and Solutions • Annual Trust Fund donations to the EHU budget has so far been stable at approx. 2,7-2,8 million EUR per year • Organisational and other changes at EHU is likely to increase the overall budget, with an increaseddemand on the total TF contribution. • The commissioning of an externalfinancialexpertfollowed by the evaluation of the EUA willclarify the level of self-sustainability EHU canacquire in the short term • A long-term sustainablefinancial solution will still requireexternal assistance • The long-term goal is still establishment of an ‘endowment’; a capital fund

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