KAEF Program Administration
The KAEF Fund is administered by American Councils for International Education, a not-for-profit organization that believes by investing in outstanding individuals and their educational journeys, we can create long-term, equitable, and sustainable development for societies around the world. American Councils has nearly thirty years of experience in administering graduate-level educational exchanges between U.S. universities and the countries of Eurasia. The organization's expertise ensures the success of the program in the following ways:

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.