The University Foundation was created in 1920 with the mission to support higher education and scientific research.
The University Foundation is a meeting place for academics from the whole country and for Belgian academics with colleagues from abroad, and also a place where academics meet with civil society representatives (representatives of private companies and public servants). This is realized by the Club, the restaurant and the hotel.
The University Foundation provides financial support to scientific publications where other opportunities are less evident.
The Foundation organizes scientific meetings (Ethical Forum), hosts the scientific events of other organisations (ReBel), and provides facilities for the scientific activities by other organizations..
Each year, the Belgian Science Policy gives funding representing the intervention of Belgium to various education related institutions - public or private, Belgian or foreign.
Given the nature and the national or international missions of these institutions, the subsidies or credits continue to be borne by the federal budget.