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EHU Trust Fund Status Report

European Humanities University Trust Fund Assembly of DonorsVilnius, June 6, 2013

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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)

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

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Total Contributions 2008-2012 (EUR)1. European Commission 5.000.0002. Nordic Council of Ministers 2.569.0623. Sweden 2.228.6564. Norway 1.630.5735. United States 1.086.2326. Lithuania 830.0007. Finland 600.0008. Poland 448.9479. MacArthur Foundation 431.69610.Denmark 300.00011.Czech Republic 229.85712.United Kingdom 115.00013.Hungary 111.35514.Greece 100.00015.France 90.00016.Estonia 80.56217. Ireland 50.00018.Spain 50.000• Total 15.951.940

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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 increased demand on the total TF contribution.

• The commissioning of an external financial expert followed by the evaluation of the EUA will clarify the level of self-sustainability EHU can acquire in the short term

• A long-term sustainable financial solution will still require external assistance

• The long-term goal is still establishment of an ‘endowment’; a capital fund