The assets of the Pallas Athéné Domus Meriti Foundation run by Hungary’s central bank (NBH) increased by 2.15 billion forints to 283 billion (EUR 810m) last year, while the foundation spent 1.3 billion on various programmes last year, according to a statement released on Friday.
In 2020, proceeds went to educational and scientific projects and the renovation of historic monuments.
So far, the foundation has supported applications worth more than 11 billion forints, with funding of 9 billion forints channelled into higher education over 7 years, 3 billion of which went towards support to Hungarian doctoral schools and MBA training, the foundation said in its statement.
On the real estate front, the former town hall in the Buda Castle housing academic and scientific activities, doctoral programmes and the Pallas Athena Publishing House has received continual financing.
This year, a landmark property in Buda Castle district’s Úri Street was renovated, and the building will house a new scientific centre focusing on sustainability. The statement said the foundation’s chief aim is to “create value, increase Hungarian intellectual capital and protect built heritage”.
