KAEF Program Overview
The Kosovo American Education Fund (KAEF) is dedicated to the long-term economic development of Kosovo through the education of its people. KAEF provides up to 8 graduate fellowships per year to promising Kosovars for top-level training at select U.S. universities.
To date, 44 universities have hosted KAEF Fellows, including City University of New York, Baruch College, Iowa State University, Pennsylvania State University, and Middlebury Institute of International Studies at Monterey. Aside from providing KAEF Fellows a top-notch education, our university partners also provide tuition cost-sharing.
Without exception, KAEF Fellows have performed at a high academic level. In addition, KAEF Fellows receive an opportunity for valuable practical experience, including:
- Summer internships – KAEF Fellows are required to intern with a business or organization working in their field of expertise during the summer months.
- Practical training – KAEF Fellows are given the option of staying in the U.S. for an extended period of time after completing their degree in order to participate in a practical training internship.
KAEF Fellows have served with, among other organizations, Dell Computers, the World Bank, Voice of America, the International Finance Corporation, the Duke Center for International Development, and the Xerox Corporation.
KAEF Program Origins
Shortly after establishment of the United Nations Mission in Kosovo in 1999, USAID created the Kosovo Business Finance Fund (KBFF) to foster economic development and growth in Kosovo. This fund was used to establish the American Bank of Kosovo, a commercial bank that in the following years built up a loan portfolio and a successful level of deposits. The sale of these assets enabled the creation of the Kosovo American Education Fund (KAEF). In open competition, American Councils for International Education was awarded administration of this endowment in April 2004.