
How the Trust Fund Works
The Trust Fund was established in June 2008 by decision of the Nordic Council of Ministers upon the initiative of the European Commission. The Trust Fund is legally represented by the Nordic Council of Ministers through its secretariat in Copenhagen, Denmark.
The Trust Fund operates in accordance with the following principles:
- The Trust Fund finances core expenses of the European Humanities University, including administration, through two annual disbursements based on an annual budget approved by the EHU Governing Board.
- The point of departure is that donations to the Trust Fund cannot be earmarked in order to ensure that all necessary university functions can be guaranteed, according to priorities set by the EHU Governing Board.
- Donations can be accepted from governments, governmental organizations, non-governmental organizations such as foundations, companies and private persons.
- The Trust Fund will engage in active fundraising in close co-operation with the EHU itself and other donors, and will develop various ways of donor recognition.
- A review of the Trust Fund will be conducted in 2010, upon which future decisions will be based.
The structure of the Trust Fund encompasses:
- An Assembly of Donors,
- An Advisory Committee, and
- A Trust Fund Manager working at the Nordic Council of Ministers Secretariat in Copenhagen
The purpose and functioning of the Trust Fund are described in full in the Terms of Reference.