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Endowment management

The supreme body of management of the Vilnius University Endowment is its Board that is in charge of taking all the decisions related to investment, project funding or other issues, and coordinating the implementation of such decisions.

The members of the Endowment are elected by its stakeholders.  Only persons of impeccable repute, holding university diplomas and experienced in finance and asset management can be elected to the Board.


A joint meeting of the management bodies of the Vilnius University Endowment and the heads of Vilnius University set up the Internal Control Committee of the Vilnius University Endowment. The Internal Control Committee exercises the supervision, monitoring and assessment of the Endowment’s performance.

Irma Kamarauskienė – auditor, assistant professor at the Accounting and Audit Department of the Faculty of Economics of VU (Chairperson). 

Algirdas Juozapavičius – Director of a research and manufacturing company UAB Šviesos konversija

Mantė Mažeikienė – Chief Financier of Eksma Company Group

Alius Jakubėlis – President of the Lithuanian Financial Brokers Association

Vytautas Mizaras – Professor at the Faculty of Law of Vilnius University

Members of the Board

Alvydas Žabolis

Chairman of the Board

Businessman, a founder and the manager of the company Žabolis ir partneriai, an alumnus of Vilnius University, graduate of the Faculty of Physics.

Rimantas Kraujalis

Member of the Board

President of Eksma Group developing high-tech products and solutions, Chairman of Vilnius University Council, an alumnus of Vilnius University, graduate of the Faculty of Physics.

Algis Petras Piskarskas

Member of the Board

President of the Lithuanian Laser Association, Doctor habilitatus in Natural Sciences, academician, an alumnus of Vilnius University, graduate of the Faculty of Physics.

Nerijus Numavičius

Nerijus Numavičius

Investor, the main founder of Vilnius prekyba company, alumnus of Vilnius University Faculty of Medicine.