16 Jan, 2020

The Nikola Spasić Endowment – once larger than the Nobel Fund, today donates hundreds of thousands of euros

The Endowment of the great Serbian national benefactor, Nikola Spasić, maintains a long-standing tradition of financially rewarding the best students from the Faculty of Medicine and Faculty of Agriculture in Belgrade.

In 2019, the Endowment donated approximately € 300,000 to charity. A total of 13 students with outstanding grade averages from the Faculty of Medicine and Faculty of Agriculture were awarded.

Congratulations to all the award winners, and kudos to the Nikola Spasić Foundation Board for this exceptional charitable gesture.

About the Nikola Spasić Endowment

Nikola Spasić was a prominent Serbian businessman of the 19th century, President of the Belgrade Stock Exchange, President of the Transport Bank and a member of the Board of Directors of the National Bank of the Kingdom of Serbia. At the outbreak of World War I, Nikola Spasić started the first foundation to support Serbian soldiers, and it is a little-known fact that in 1939, this Endowment had 3% more capital than the Nobel Foundation.

The Endowment building in Kneza Mihailova Street, the headquarters of Gecić Law in Belgrade today, was built in 1889 and is a protected cultural monument in Serbia.