Non-profit

Central European University Budapest Foundation

Logo of Central European University as of 2013. (link)
Website:

ceubf.ceu.edu

Tax ID:

13-6982696

Tax-Exempt Status:

501(c)(3)

Formation:

1991 in Prague, Czech Republic

Founder:

George Soros

Board Chair:

Dr. Akos Detrekoi

Associated Insitution:

Central European University (Budapest, Hungary)

Central European University Budapest Foundation (CEUBF) operates as the host of Central European University (CEU) in Budapest, Hungary. It determines the budget and provides for the educational, research and general operations of the university. The foundation also maintains CEU’s public utility reports and ensures that the university operates according to Hungarian law.[1] [2]

Background

Billionaire philanthropist George Soros founded CEUBF from his Open Society Fund in 1991. CEUBF then, from a legal standpoint, created CEU.[3]  Soros established the university, like his foundations, to spread his ideology through Eastern Europe after the collapse of communism.[4] The three tenets on which the university focused were “democratic politics, constitutionalism, and non-command economics.”[5] CEU formerly operated in Prague, but moved permanently to Budapest in 1993.[6] Soros hoped to create the university with “three legs,” with campuses at Warsaw, Prague, and Budapest, but this plan never materialized.[7] CEUBF maintains the university jointly with the Central European University Foundation, based in New York.[8]

Soros’s priorities have received criticism because CEU, which operates only as a graduate school, heavily favors the social sciences and does not offer degrees in “hard” sciences like engineering or chemistry.[9]

Funding

Throughout CEU’s existence, Soros has donated $20 million yearly to fund its operations. In 2001, he replaced his yearly contribution with a $250 million grant.[10] He donated $202 million more in 2005 after the Hungarian government granted CEU accreditation, which brought the university’s endowment to $476 million.[11] CEUBF maintains this endowment and allocates $20 million from it per year for university operations and additional training seminars such as international summer schools.[12] [13]

References

  1. [1] Intézményi dokumentumok. Central European University. Accessed March 30, 2018. https://www.ceu.edu/hu/kee/szervezet/dokumentumok
  2. Szervezeti felépítés. Central European University. Accessed March 30, 2018. https://www.ceu.edu/hu/kee/about/szervezetifelepites
  3. Gabor, Juasz. “Soros nem hátrál – pénzt tolt a CEU-ba.” HVG. September 25, 2015. Accessed March 30, 2018. http://hvg.hu/kkv/20170925_Soros_nem_hatral__penzt_tolt_a_CEUba
  4. [1] George Soros. Influence Watch. Accessed March 31, 2018. https://www.influencewatch.org/person/george-soros/
  5. Alfred, Stepan. “The Early Years of Central European University as a Network: A Memoir.” Social Research 76:2 (2009): 692.
  6. History. Central European University. Accessed March 30, 2018. https://www.ceu.edu/about/history
  7. Rhoads, Robert A. and Katalin Szelényi. Global Citizen and the University: Advancing Social Life and Relations in an Interdependent World. Stanford, California: Stanford University Press, 2011, 204.
  8. Magyar Balint, Minister of Education. “a New York-i székhelyű, Budapesten működő, angol oktatási nyelvű Közép-európai Egyetem magyar, nem állami egyetemként történő

    Elismeréséről.” Magyar Koztarsasag Kormanya. Budapest. 2004. Accessed March 30, 2018. http://www.parlament.hu/irom37/10139/10139.pdf.

  9. Machami, Neil. “Whither the Soros Foundations – After Soros? Part Two.” Capital Research Center. February 14, 2018. Accessed March 30, 2018. https://capitalresearch.org/article/whither-the-soros-foundations-after-soros-part-two/
  10. Lewin, Tamar. “Soros Gives $250 Million To University in Europe.” The New York Times. October 14, 2001. Accessed March 31, 2018. https://www.nytimes.com/2001/10/14/world/soros-gives-250-million-to-university-in-europe.html
  11. “George Soros Pledges $202.4 Million to Central European University.” Philanthropy News Digest. July 6, 2005. Accessed March 31, 2018. https://philanthropynewsdigest.org/news/george-soros-pledges-202.4-million-to-central-european-university
  12. The Foundation. Central European University Budapest Foundation. Accessed March 31, 2018. http://ceubf.ceu.edu/the-foundation
  13. Gedeon, Eva. Eva Gedeon to Narayan Vitthal Solanke. Universal Versatile Society. April 22, 2016. Accessed March 30, 2018. https://uvsociety.org/wp-content/uploads/2017/09/2016-April-CEU-1.pdf

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