About the fund

In 2008, on the basis of experience of the business schools, which earned global recognition, ISM University of Management and Economics established a non-profit organisation ISM Fund (VšĮ). ISM is among few Lithuanian universities taking active role in building educational philanthropy. ISM University as institution, Business Society, ISM alumni and friends are cooperating in providing support to help the most talented students receive high quality studies at ISM, regardless of their financial situation.
In year 2011 Excellent 100 programme was launched to grant the opportunity to the very best high school graduates to stay in Lithuania and study free of charge in the programme of their choice. More than 200 ISM students who finished secondary schools with the best grades have studied free of charge since the beginning of the Excellent 100 scholarship programme. Companies are providing about 15 - 20 scholarships each year. The rest of the Excellent 100 scholars are supported by ISM University.
Moments from annual "Scholarship Reception" event for benefactors and scholarship receivers.

In 2012 ISM alumni became involved in fundraising activities to collect financial support to the Need Based Scholarship Fund. Alumni take part in various charitable activities: golf afternoons, charity auctions, develop graduation gift tradition and support scholarship fund. Since 2013 three students from need based families have been awarded scholarships, which provides opportunity to study free of charge and broaden their professional perspectives. Since 2012 more than 500 alumni supported this cause.

Since 2014 ISM University of Management and Economics together with “LIDL Lietuva” makes an impact to German language skills in Lithuanian business community. “LIDL Lietuva” have been supporting the programme “Business Deutsch, gesponsert von Lidl” since 2014.

ISM Fund is exceptionally grateful for its volunteers, who help to organize funding events and certainly, are making a great impact in creating traditions of philanthropy here at ISM University. In photo alumni, students, and personnel: Aneta Šlekytė, Živilė Gribulytė, Inga Kievišaitė, Gedas Kučinskas, Andrius Verseckas, Jurgita Gaukštienė, Ramūnas Gumbis ir Dovilė Purickaitė.

ISM University of Management and Economics is the establisher of ISM Fund. Accounting of ISM Fund is performed by independent company “BNM Finance”. Since the beginning of 2012, ISM Fund is led by Jurgita Gaukštienė, who started working at ISM in 2005 and previously was responsible for marketing and communication.

Details of ISM Fund:

ISM Fondas, VšĮ

Arklių str. 18, Vilnius LT-01305

Registration code 301818722

Account Number LT047044060006487095

Contacts:, +370 695 27 938