ICEF has launched an Endowment Fund

On January 13, 2020, an Endowment for ICEF Development was formed within the HSE Endowment Fund. This is the way to gain sustainability in the long-term perspective. The first donor of the ICEF endowment was UniCredit Bank.

How does the HSE endowment work?

Like any major world university, HSE has an Endowment Fund, acting as an independent financial source that provides sustainable development to key projects. Endowment may finance research in a certain field, scholarships and grant programmes, or help launch new initiatives which are difficult to fund from dependent sources – for example, the development of design projects for the construction and repair of campus buildings. The HSE Endowment Fund was created by three founders – Alexander Shokhin, Evgeny Yasin and Yaroslav Kuzminov in 2007. Currently, the total fund value is about 1 billion rubles.

Why does ICEF need an Endowment?

The HSE International College of Economics and Finance (ICEF) was created as a result of cooperation between two national universities – the London School of Economics (LSE) and HSE. The collaboration has absorbed the best of two academic cultures, and now ICEF is confidently facing the future as one of the leading centers for research and education in economics and finance in Eastern Europe. The Endowment will help ICEF continue to develop and maintain the status of internationally recognized centre of excellence and integrate with the global academic community more closely.

With the Endowment support, ICEF will also be able to provide more opportunities for the professional and personal development of students and spend more on cutting-edge research.

83 graduates

are currently listed as HSE Endowment Fund donors.

The main goals for which the ICEF endowment funds will be accumulated:

• building sustainable long-term sources for financing the university academic development;

• maintaining and delivering a world-leading research;

• ensuring the modern infrastructure and learning environment; 

• providing accessibility of international ICEF programmes for a variety of students, regardless of the income of their families;

How to make donation to the ICEF endowment?

Both a person or a company can make a contribution. To do this, you have to enter a standard donation agreement and transfer the amount of donation to the HSE Endowment Fund account. The funds will be transferred to VTB Capital Asset Management, which carries out the trust management of ICEF endowment assets.
While a web page for public fundraising is in 'coming soon' status, to make a donation you need to contact following people.

 Contacts:

– Alexander Pryanichnikov, 8-495-772-95-90 * 27078, apryanichnikov@hse.ru

– Alina Volokhova, 8-495-772-95-90 * 27086, afilippova@hse.ru 

About ICEF

Over the past 22 years ICEF with the support of LSE has grown from a small College that implemented a double degree bachelor’s programme in Economics into a full-fledged academic institution. ICEF has been recognized as one of the leaders in Russian economic education both in Russia and abroad. Today ICEF has more than 1000 students, 70 assistant and associate professors, 30 of whom have an international PhD degree from leading universities around the world.

ICEF has organized 9 international conferences in Finance (hosted by the LFE), which over the past years attracted the leading researchers from 48 universities. ICEF also invites the world-renown academics to present their latest research.

ICEF today is:

• The first Russian double degree bachelor’s programme which allows each graduate to receive both UoL and HSE degrees. After 20 years of implementation the programme became an example for 4 similar programmes with UoL at HSE as well as at Kazan University and Tomsk State University.

• The international master’s programme in Financial Economics in collaboration with LSE, that entered the Top-100 of QS Master’s Ranking in Finance in 2018 and 2019. 

• Up-to-date research department in economics and finance with the faculty that consists of academics hired on the international labour market that had received their PhDs in the UK, USA, Germany, France, Italy, Belgium, Canada, and other countries. They carry on research within ICEF Laboratory of Financial Economics (LFE) and publish in leading international journals. 

• ICEF graduates (around 2000) work and study in Russia and 35 countries around the world, which is the evidence of their global competitiveness.