On 6 May 1998, the John and Ida Valauskas Foundation was set up based on an endowment bequeathed by John Valauskas (1905–1994) and Ida Valauskienė (1909–1995). John and Ida Valauskas wished that any profit (i.e., any interest or return on investment) generated by the endowment be used for awarding scholarships to distinguished students of the Faculty of Medicine at Vilnius University.

Chicago, John Valauskas

In 2022, on the initiative of the administrator of the foundation, it was decided to dissolve the foundation and use the remaining 45,000 euros to create an Endowment Sub-fund within the VU Foundation. According to the original request of John and Ida Valauskas, the Faculty of Medicine uses any profit from the sub-fund capital for one-off scholarships. The main criterion for awarding the scholarships is the individual performance of a student. The scholarships are awarded at the faculty on the occasion of Day of the Restoration of the Independence of Lithuania, which is celebrated on 11 March each year.

Ida Mačiukaitė-Valauskienė, Biržai

The scholarship is awarded once per academic year, and its amount depends on the sum that is generated annually from the income earned by investing endowment funds. The scholarship is paid in March of the current year to the best students of the 4th and 5th years.

2023 Scholarship Recipients:

• Jonas Navalinskas (Medicine Study Programme in Lithuanian, 4^th year)
• Nina Natha Mueller (Medicine Study Programme in English, 4^th year)
• Gabija Vilutytė (Medicine Study Programme in Lithuanian, 5^th year)
• Nima Ahadpour Bakhtiari (Medicine Study Programme in English, 5^th year)
• Kristijonas Puteikis (Medicine Study Programme in Lithuanian, 6^th year)
• Alon Vainger (Medicine Study Programme in English, 6^th year)

2024 Scholarship Recipients:

• Gabrielė Jonauskaitė (Medicine Study Programme in Lithuanian, 4^th year)
• Emilija Rožankevičiūtė (Medicine Study Programme in Lithuanian, 5^th year)
• Sascha Arnold (Medicine Study Programme in English, 5^th year)
• Magarethe Ina Müller (Medicine Study Programme in English, 4^th year)

2025 Scholarship Recipients:

• Greta Ramonaitė (Medicine Study Programme in Lithuanian, 5^th year)
• Edgaras Zaboras (Medicine Study Programme in Lithuanian, 4^th year)
• Nazar Haponchuk (Medicine Study Programme in English, 4^th year)
• Milan Jan Spotowski (Medicine Study Programme in English, 5^th year)

2025 Scholarship Recipients:

• Mindaugas Smetaninas (Medicine Study Programme in Lithuanian, 4^th year)
• Edgaras Zaboras (Medicine Study Programme in Lithuanian, 4^th year)
• Nazar Haponchuk (Medicine Study Programme in English, 5^th year)
• Perttu Kalle Mikael Riipinen (Medicine Study Programme in English, 4^th year)