Hastor Foundation

What Hastor Foundation does

Hastor Foundation (Fondacija Hastor) is a Bosnia and Herzegovina-based non-profit foundation established in 2006 in Sarajevo, operating for over 20 years with a 15-person team. Its core mission is to provide monthly scholarships and continuous mentoring to promising and talented youth, as well as to students from socially disadvantaged families across Bosnia and Herzegovina. The scholarship program offers tiered monthly stipends — 100 KM for primary, 150 KM for high school, and 250 KM for university students — complemented by tutoring, mentorship, volunteer opportunities, labor-market preparation, a bonus 13th scholarship for academic excellence, and an alumni network.

The foundation supplements its core scholarship program with a portfolio of specialized projects, including vocational training initiatives (IDEAL for plastics workers, TAKT Academy for fashion/textile/furniture/automotive, Training for Job – Training to Stay, and Prilika Plus covering 25 locations), gender-focused programs (Empowering Girls and Young Women), annual cross-border exchanges (Summer Vacation in the Netherlands with Stichting Kinderhulp Bosnie), and sector-level policy work (the Legal Framework for Philanthropy program and the 2021 launch of the Filantropski Forum, the country's first umbrella philanthropy association). The foundation reaches recipients through direct online applications and school partnerships in 135+ municipalities.

The business model is donation-funded rather than revenue-generating. Operating costs are covered by individual donors (organized through a 'Club of Friends of the Hastor Foundation' tier), corporate partners led by long-time collaborator Prevent Group (ASA Prevent), and international development agencies including USAID, GIZ, the Swiss Agency for Development and Cooperation, the Embassy of Switzerland, the Embassy of France, and UNDP. Communications and donor engagement are supported by a trilingual (Bosnian, English, German) website, a monthly newsletter published since 2015, social media presence across Facebook, YouTube, Instagram, and LinkedIn, and a podcast series launched in 2022. No financial figures, audited statements, or budget data are publicly disclosed.

Name

Hastor Foundation

Legal name

Fondacija Hastor

Website

https://fondacijahastor.ba

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Hastor Foundation is a Sarajevo-based non-profit founded in 2006 that provides monthly scholarships, mentoring, and volunteer opportunities to disadvantaged and talented youth across 135+ municipalities in Bosnia and Herzegovina, supported by donations from individuals, corporates, and international development agencies.

Ownership category

akta.pro rank

Product category

Educational Philanthropy

NAICS

Grantmaking Foundations (813211), Educational Support Services (611710)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Education Grantmaking Foundations (BPAGAKAK)

akta.pro secondary industries

Scholarship & Fellowship Foundations and Trusts (EDADAHAC), Degree-Level Scholarships (Undergrad/Masters/PhD/Postdoc) (EDAIAOAE)

Keywords

• Educational scholarships
• Youth mentorship programs
• Student financial aid
• Vocational training programs
• Philanthropy development

Headquarters

HQ city

Sarajevo

HQ country

Bosnia & Herzegovina

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Distribution channels2 records

Marketing channels5 records

Core offering

Hastor Foundation is a non-profit educational foundation in Bosnia and Herzegovina that provides monthly scholarships (100 KM for elementary, 150 KM for high school, and 250 KM for university students) and continuous mentoring to students from socially disadvantaged families. The foundation complements financial aid with tutoring, volunteer opportunities, labor market preparation, and an alumni network. It also operates vocational training projects (IDEAL, TAKT Academy, Training for Job, Prilika Plus) and cross-border programs (Summer Vacation in the Netherlands) across 135+ municipalities.

Product overview

Hastor Foundation is a non-profit organization operating a single integrated scholarship and mentorship program that provides financial support, mentoring, tutoring, and volunteer opportunities to students from socially disadvantaged families in Bosnia and Herzegovina. The core program is supplemented by various specialized projects including vocational training (IDEAL, TAKT Academy, Training for Job), youth empowerment initiatives, and cross-border programs. The foundation also publishes monthly newsletters in three languages and produces a podcast series featuring alumni success stories. Annual reports document organizational activities and impact. The foundation collaborates with local governments, international organizations, and private companies to extend its reach across 135 municipalities in BiH.

Differentiator

Problem solved

Functional benefit

Products and services

• Scholarship and Mentorship Program The core program providing monthly financial stipends (100 KM elementary, 150 KM high school, 250 KM university) and continuous mentorship to primary, secondary, and university students from socially disadvantaged families in Bosnia and Herzegovina.
• TAKT Academy Vocational training program providing professional skills development for foundation beneficiaries.
• Training for Job – Training to Stay Vocational training initiative designed to prepare young people for employment and encourage staying in Bosnia and Herzegovina's labor market.
• Prilika Plus Vocational education program providing additional skills development opportunities for young people.
• IDEAL Project Educational development project focused on supporting youth from disadvantaged backgrounds.
• Summer Vacation in the Netherlands Annual cross-border program providing cultural and educational experience to foundation beneficiaries through a stay in the Netherlands.
• Empowering Girls and Young Women Through Mentoring Support Targeted mentoring initiative focused on empowering girls and young women from disadvantaged backgrounds through mentorship and support.
• Legal Framework for Philanthropy Initiative focused on developing the legal framework and infrastructure for philanthropy in Bosnia and Herzegovina.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

16 partnerships are on record, tiered core, secondary and minor.

• Filantropski Forum (Philanthropy Forum)coreStrategic or Co-development Partner · 1 December 2021The Philanthropy Forum is the umbrella association of philanthropy-oriented companies, foundations, and individuals in Bosnia and Herzegovina, established in December 2021 as a result of the Legal Framework for Philanthropy program implemented by Hastor Foundation with Fondacija Mozaik, the Network for Building Peace, and Pomozi.ba.
• Prevent Group (ASA Prevent)coreStrategic or Co-development PartnerLong-standing strategic partner for various projects including IDEAL, Training for Job – Training to Stay, and the Srcem za BiH flood relief fund. The partnership has supported multiple educational initiatives and vocational training programs.
• Fondacija Mozaik (Mozaik Foundation)coreStrategic or Co-development PartnerLead partner in the Legal Framework for Philanthropy program. One of the leading organizations working on philanthropy development in Bosnia and Herzegovina.
• Mreža za izgradnju mira (Network for Building Peace)secondaryStrategic or Co-development PartnerPartner in the Legal Framework for Philanthropy program, contributing to the development of philanthropy ecosystem in Bosnia and Herzegovina.
• Pomozi.basecondaryStrategic or Co-development PartnerPartner in the Legal Framework for Philanthropy program, working together to advance philanthropy in the country.
• Trag Foundation (Serbia)secondaryStrategic or Co-development PartnerPartnering organization from the Republic of Serbia in the Legal Framework for Philanthropy program.
• Katalist Foundation (Serbia)secondaryStrategic or Co-development PartnerPartnering organization from the Republic of Serbia in the Legal Framework for Philanthropy program.
• Stichting Kinderhulp Bosnie (Netherlands)coreStrategic or Co-development PartnerDutch organization partnering since 2007 on the 'Summer Vacation in Holland' project, enabling 40 children from Bosnia and Herzegovina to travel to the Netherlands for a three-week vacation annually.
• UNDP Bosnia and HerzegovinasecondaryStrategic or Co-development PartnerCollaborated in June 2014 to organize the Coordination Forum for Flood Relief Assistance, bringing together over 100 participants from the private sector and international community.
• City of Goražde (Grad Goražde)secondaryStrategic or Co-development PartnerLocal government partner supporting education and youth empowerment initiatives, recognizing the foundation's long-term work in the community.
• City of Konjic (Grad Konjic)secondaryStrategic or Co-development PartnerPartner in providing continuous support to students from Konjic through collaborative efforts to strengthen education and youth development.
• Municipality of Travnik (Općina Travnik)secondaryStrategic or Co-development PartnerLocal government partner recognizing the foundation's work in supporting students from the municipality who contribute to their local community through volunteering.
• Municipality of Novi Grad Sarajevo (Općina Novi Grad Sarajevo)secondaryStrategic or Co-development PartnerPartner in the project 'Support for Education of Young People from Socially Disadvantaged Families', providing support to students facing difficult social conditions.
• Municipality of Bratunac (Općina Bratunac)minorStrategic or Co-development PartnerPartner in joint efforts to provide additional support to students from Bratunac who actively contribute to local community development through education and volunteering.
• Municipality of Busovača (Općina Busovača)minorStrategic or Co-development PartnerPartner recognizing the foundation's long-term work, providing support to enable quality education and equal opportunities for youth development.
• Municipality of Bugojno (Općina Bugojno)minorStrategic or Co-development PartnerLong-standing partnership focused on youth and education, where students from Bugojno demonstrate success and social responsibility through their work and volunteering.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Caritas Bosnia and Herzegovina: International Catholic aid organization operating in BiH with education, youth, and social welfare programs that overlap with Hastor's scholarship and disadvantaged-youth support mission.
• Mastercard Foundation: Large global foundation focused on education and youth employment in Africa; comparable in being a scholarship-plus-mentorship grantmaking model at massive scale, illustrating the upside trajectory available to foundations that successfully scale.
• USAID Bosnia and Herzegovina: Major bilateral donor in BiH supporting education and workforce development; both a funder of Hastor projects and an operator of its own youth-employment and education initiatives that overlap with Hastor's mandate.
• Open Society Fund Bosnia and Herzegovina: National foundation of the Open Society network supporting education, civic engagement, and youth programs in BiH. Larger portfolio of grantmaking with overlapping education-focused programming.
• UNICEF Bosnia and Herzegovina: UN agency operating major education, child protection, and youth programs in BiH, often overlapping with Hastor's target population. A larger incumbent with broader portfolio and deeper institutional funding.

Direct peers

• Fondacija Mozaik: Leading BiH community foundation focused on youth, philanthropy development, and grantmaking. Direct co-partner with Hastor on the Legal Framework for Philanthropy program and a comparable domestic grantmaking foundation operating in BiH.
• Trag Foundation: Serbian grantmaking foundation partnering with Hastor on the Legal Framework for Philanthropy program; operates similar youth-focused and philanthropy-development programs in the Western Balkans region.
• Pomozi.ba: BiH crowdfunding and humanitarian aid platform partnering with Hastor on the Legal Framework for Philanthropy program. Comparable domestic nonprofit focused on supporting vulnerable populations including youth.
• SOS Children's Villages Bosnia and Herzegovina: International NGO operating in BiH supporting children and youth from disadvantaged backgrounds through education, mentoring, and family-based care programs — overlapping mission and target beneficiaries.
• Mreža za izgradnju mira (Network for Building Peace): BiH peacebuilding and civil-society network partnering with Hastor on the Legal Framework for Philanthropy. Operates youth and community programs with overlapping beneficiary segments.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCMcouVWYx2Dfagsz2Bc5oIA
• Facebookfacebook.com/fondacijahastor
• LinkedInlinkedin.com/company/hastor-foundation
• Instagraminstagram.com/fondacija_hastor

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Hastor Foundation