CERGE-EI Foundation

The CERGE-EI Foundation is an American supporting organization for CERGE-EI, a graduate school in the Czech Republic that is a joint venture between Charles University and the Economics Institute of the Czech Academy of Sciences. Besides supporting CERGE-EI, the foundation also has teaching fellowships in economics at universities in Central and Eastern Europe and countries formerly part of the Soviet Union and supports a study abroad program for American students at Charles University.

At-A-Glance

Formation:

1995

President:

Tony Claudino

Location: New York, NY View on map
Tax ID: 25-1725738
Most Recent Filing: 2024
Budget (2024): Assets: $11,777,433 Revenue: $3,729,138 Expenses: $3,711,175

Contents

    CERGE-EI

    In 1991, Charles University in the Czech Republic created the Center for Economic Research and Graduate Education as a graduate school offering doctorates in economics with courses taught in English. In 1992, the Czech Academy of Sciences created the Economics Institute to produce economic analyses. The two organizations agreed to cooperate in 1993 and combined as a joint venture between Charles University and the Czech Academy of Sciences in 1999. 1

    Graduate Teaching Fellows

    The CERGE-EI Foundation’s primary activity is supporting the CERGE-EI school. The foundation also supports teaching fellowships in 28 countries in Central and Southern Europe and countries that were formerly part of the Soviet Union. The foundation says that “education in economics is one of the least reformed areas in the post-Communist world” and that since the program’s inception in 2007, graduate teaching fellows have taught 167,000 students in 180 colleges and universities. 2

    Undergraduate Program in Central European Studies

    The CERGE-EI Foundation supports grants for the Undergraduate Program in Central European Studies (UPCES) at Charles University.  The UPCES program is a study abroad program enabling undergraduates to spend a semester at Charles University designed to teach students about the Czech Republic, including opportunities for interacting with Czech families and organized trips to other cities in the Czech Republic and Poland. The program has, since 2002, hosted 2,500 students from 60 universities in the U.S. and Canada. 3

    Notable Scholars

    Stepan Jurajda

    Stepan Jurajda is a professor at CERGE-EI and deputy minister for science, research, and innovation in the Czech Republic. 4 In the 1980s, while a graduate student at the University of Pittsburgh, he conducted research with Stephen Flannery that concluded that workers in that city usually obtained jobs quickly when their unemployment ran out. 5

    Since 1998, in collaboration with Orley Ashenfelter of Princeton, he developed a “Big Mac Index” that compares prices of a Big Mac in different countries as a way of making cross-country wage comparisons. In 2021 Ashenfelter and Jurajda found that McDonald’s restaurants were more likely to pass on the costs of minimum wage increases by raising Big Mac prices. 6

    Nikolas Mittag

    Nikolas Mittag is an associate professor at CERGE-EI. 7 In 2015 he published a paper with Bruce Meyer of the University of Chicago that found that the Census Bureau substantially underestimated the income of poor Americans by understating the amount of aid these Americans received.  Meyer and Mittag determined that in New York State, the Census Bureau measure did not count 40 percent of the aid from food stamps and 60 percent of welfare aid received through the Temporary Assistance for Needy Families program. They concluded that the Census Bureau “greatly understates the effects of anti-poverty programs.” 8

    Donors

    Among the organizations that have donated between $100,000 and $499,999 to CERGE-EI are the Ford, Andrew W. Mellon, John S. and Cynthia Reed, Brinson, Soros, and State Street Foundations; the Pew Charitable Trusts; the U.S. Agency for International Development, and the World Bank. 9

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2024 $11,777,433 $3,729,138 $3,711,175 View
    2023 $12,314,135 $3,669,896 $4,283,800 View
    2022 $11,887,660 $4,587,584 $4,409,468 View
    2021 $13,211,124 $3,287,220 $3,193,820 View
    2020 $12,367,167 $2,941,249 $3,196,774 View

    Prior year filings: 2019, 2018, 2017, 2015, 2014, 2013, 2012, 2011

    Revenue Detail

    Expenses Detail

    Employee Compensation

    • Number of Employees: 3

    Highest Earning Employees

    EmployeeTitleTotal Compensation
    Tony ClaudinoPRESIDENT AND CEO$162,000
    PROF Ing Stepan Jurajda PhDMEMBER/RESEARCH FELLOWSHIP$53,319
    Filip KasparSECRETARY/ADMINISTRATIVE DIRECTOR$46,485
    Jan SvejnarMEMBER/VISITING PROFESSOR$38,147
    Gerald RolandMEMBER/VISITING PROFESSOR$15,000

    Grant Activity

    All-time grants received statistics from Candid dataset:

    • Total Grant Value: $14,498,684
    • Number of Grants: 52
    • Number of Funders: 17

    Selection of highest value grants received from the last seven years:

    AmountYearFunderSubject
    $2,250,0002021 Donors Trust Incfor general operations
    $2,250,0002020 Donors Trust Incfor the Teaching Fellows Program
    $1,400,0002023 Donors Trust Incfor general operations
    $1,125,0002022 Donors Trust Incfor general operations
    $1,125,0002022 Donors Trust Incfor general operations
    $700,0002024 Donors Trust Incfor general operations
    $105,0002021 US Russia Foundation for Economic Advancement and the Rule of LawPUBLIC SUPPORT
    $61,7002024 National Philanthropic TrustEDUCATION
    $61,7002023 National Philanthropic TrustEDUCATION
    $61,7002022 National Philanthropic TrustEDUCATION
    $10,0002022 Alfred P. Sloan FoundationTO SUPPORT ECONOMICS STUDENTS, FACULTY, AND STAFF AFFECTED BY THE RUSSIAN INVASION OF UKRAINE
    $5,0002023 Casten Family Foundation IncSEE ABOVE
    $5,0002022 American Friends of the Czech RepublicSTAPLETON SCHOLARS AWARD

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $5,325,649
    • Number of Grants: 27
    • Number of Recipients: 8

    Selection of highest value grants given from the last seven years:

    AmountYearFunderSubject
    $439,4682020 Multiple EUROPE (INCLUDING ICELAND & GREENLAND) RecipientsEconomics education
    $410,0002022 Multiple EUROPE (INCLUDING ICELAND & GREENLAND) – ALBANIA, ANDORRA, AUSTRIA, BELGIUM RecipientsECONOMICS EDUCATION PROGRAM SUPPORT AND FELLOWSHIPS
    $397,8652023 Multiple EUROPE (INCLUDING ICELAND & GREENLAND) – ALBANIA, ANDORRA, AUSTRIA, BELGIUM RecipientsECONOMICS EDUCATION PROGRAM SUPPORT AND FELLOWSHIPS
    $288,4252021 Multiple RUSSIA AND NEIGHBORING STATES RecipientsTEACHING FELLOWSHIPS AND PROGRAM IMPLEMENTATION
    $272,6292021 Multiple EUROPE (INCLUDING ICELAND & GREENLAND) RecipientsECONOMICS EDUCATION PROGRAN SUPPORT AND FELLOWSHIPS
    $261,5002022 Multiple RUSSIA AND NEIGHBORING STATES – ARMENIA, AZERBIJAN, BELARUS, RecipientsTEACHING FELLOWSHIPS AND PROGRAM IMPLEMENTATION
    $220,1632024 Multiple EUROPE (INCLUDING ICELAND & GREENLAND) – ALBANIA, ANDORRA, AUSTRIA, BELGIUM RecipientsECONOMICS EDUCATION PROGRAM SUPPORT AND FELLOWSHIPS
    $200,2002023 Multiple RUSSIA AND NEIGHBORING STATES – ARMENIA, AZERBIJAN, BELARUS, RecipientsTEACHING FELLOWSHIPS AND PROGRAM IMPLEMENTATION
    $109,5002024 Multiple RUSSIA AND NEIGHBORING STATES – ARMENIA, AZERBIJAN, BELARUS, RecipientsTEACHING FELLOWSHIPS AND PROGRAM IMPLEMENTATION
    $68,0072020 Multiple RUSSIA AND NEIGHBORING STATES RecipientsTeaching fellowships
    $66,0002022 Multiple RUSSIA AND NEIGHBORING STATES – ARMENIA, AZERBIJAN, BELARUS, RecipientsTEACHING FELLOWSHIPS AND PROGRAM IMPLEMENTATION
    $61,6002021 Multiple RUSSIA AND NEIGHBORING STATES RecipientsTEACHING FELLOWSHIPS AND PROGRAM IMPLEMENTATION
    $57,2002023 Multiple RUSSIA AND NEIGHBORING STATES – ARMENIA, AZERBIJAN, BELARUS, RecipientsTEACHING FELLOWSHIPS AND PROGRAM IMPLEMENTATION
    $39,6002021 Multiple EUROPE (INCLUDING ICELAND & GREENLAND) RecipientsTEACHING FELLOWSHIPS AND PROGRAM IMPLEMENTATION
    $38,8002024 Multiple RUSSIA AND NEIGHBORING STATES RecipientsTEACHING FELLOWSHIPS AND PROGRAM IMPLEMENTATION
    $28,0002020 Multiple RUSSIA AND NEIGHBORING STATES RecipientsTeaching fellowships
    $23,0002021 Multiple EUROPE (INCLUDING ICELAND & GREENLAND) RecipientsECONOMICS EDUCATION PROGRAM SUPPORT
    $14,0002020 Multiple EUROPE (INCLUDING ICELAND & GREENLAND) RecipientsTeaching fellowships
    $13,2002022 Multiple EUROPE (INCLUDING ICELAND & GREENLAND) RecipientsTEACHING FELLOWSHIPS AND PROGRAM IMPLEMENTATION
    $8,5002022 Multiple RUSSIA AND NEIGHBORING STATES – ARMENIA, AZERBIJAN, BELARUS, RecipientsGENERAL SUPPORT

    References

    1. [1] “CERGE-EI, “Report On Activities For The Meeting Of Heads Of National Economic Research Organizations, Organization for Economic Research and Development, 2005, https://www.oecd.org/czech/34955425.pdf  (accessed August 15, 2022)
    2. “Teaching Fellows,” https://www.cerge-ei-foundation.org/teaching-fellows (accessed August 15, 2022)
    3.  “UPCES:  Who We Are,” https://upces.cerge-ei.cz/about/who-we-are (accessed August 15, 2022)
    4. “Stepan Jurajda,” https://www.cerge-ei.cz/people/stepan-jurajda (accessed August 15, 2022).
    5. Amity Shlaes. “Job Hunters Slack Off When Given A Helping Hand,” Bloomberg column in Wilmington News Journal, April 13, 2010.
    6. [1] Orley Ashenfelter and Stepan Jurajda, “Wages, Minimum Wages, and Pass Through:  The Case of McDonald’s Restaurants,” https://ideas.repec.org/p/nbr/nberwo/28506.html (accessed August 15, 2022)
    7. “Nikolas Mittag,” https://www.cerge-ei.cz/people/nikolas-mittag (accessed August 15, 2022).
    8. Robert Doar, “Mismeasuring Poverty,” Wall Steet Journal, November 29, 2015.
    9. “CERGE-EI:  Donors,” https://www.cerge-ei.cz/about/donors (accessed August 15, 2022)