Stelios Foundation and scholars to support seven new students

The transformative generosity of the Stelios Foundation was celebrated and perpetuated during a 10th anniversary reunion of the Stelios Scholars programme.


The special event in Monaco saw a class gift of £35,000 raised by alumni for undergraduate scholarships, which was matched by the Stelios Philanthropic Foundation. The £70,000 total gift will help support seven students over the next three years in attending LSE.

The LSE Stelios Scholars programme was founded in 2006 through a landmark gift of £1.5 million from Sir Stelios Haji-Ioannou (BSc Economics 1987) through the Stelios Philanthropic Foundation, with the goal of supporting 100 undergraduate students. The class of 2017 represent the tenth cohort of Stelios scholars.

Alumni explained how their own experiences as scholarship recipients motivated them to give back, with the reunion reinforcing a sense of community amongst the Stelios scholars. “My engagement with this network and my gift symbolise my great level of gratitude, combined with a sense of responsibility to follow the example of supporting others as set by Sir Stelios,” said Leonard Stiegeler (BSc Economics 2010).

Hannah Baker (BSc Accounting and Finance 2014) said: “As well as being a scholarship recipient myself, I have been involved in the School’s Widening Participation programmes, working with children of all socioeconomic backgrounds to encourage them to aim high in their education – showing the same level of faith as Stelios did with me. As such it means so much to be able to contribute to this total. Being part of this scholarship programme has been a truly life changing experience.”

In addition to expressing thanks for the support she received, Hannah reflected on her own LSE experience: “The School is a unique environment that encapsulates everything I was looking for from a university – lectures delivered by world class academics, a Students’ Union full of opportunity, and the hustle and bustle of the city of London. I credit LSE in providing me with the tools and expertise to gain employment post-graduation.”

Meanwhile Shane Porter, a current BSc Management student and Stelios scholar, set to graduate in 2017, remarked: “The fact that so many scholars wish to donate in this way highlights the true influence of scholarships and the considerable effect they have on education and society. It goes to show how one individual can have a much wider impact on many others in the future.”

Forty per cent of Stelios scholars who have graduated received first class honours, highlighting the positive effect of financial security on academic achievement. Meanwhile, 20 per cent have volunteered or participated in charity work, while 18 per cent have either started their own business or are looking to do so in the future.

After the event, Sir Stelios said:

I would like to thank all the scholars for attending the 10 year grand reunion, and for contributing to the cause of providing more scholarships for the next generation. This is proof that giving back to society via scholarships has a significant exponential effect.


The LSE Stelios Scholarships, made possible by gifts from The Stelios Philanthropic Foundation, supported by:

Sir Stelios Haji-Ioannou (BSc Economics 1987)

Hannah Baker (BSc Accounting and Finance 2014)

Peter Barton

Mahesh Bhadresha (BSc Economics 2008)

Yvonne Choi (BSc Economics 2009)

Lola Constantinou (BSc Accounting and Finance 2014)

Marios Eliades

Jean-Claude Eude

Stephane Garino

Nooreen Kara (BSc Economics 2010)

Allison Kemmis-Price

Katarzyna Krajniewska

Donald Manasse

Filipe Martins

Nikos Mourkogiannis

Dominik Nagly (MSc Economics 2011)

Nadia Nicolaou (BSc Economics 2009)

Gaurang Pipalia (BSc Mathematics and Economics 2011)

Shane Porter (BSc Management 2017)

Savvas Savva (MSc Finance and Economics 2012)

Leonard Stiegeler (BSc Economics 2010)

Manuel Stotz (BSc Economics 2008)

Bhavik Vora (BSc Mathematics and Economics 2013)

David Watson