The University of Iceland Trust Funds consist of endowment funds and gifts dedicated to the University since it was founded in 1911. Most of these funds operate according to a confirmed charter and provide grants and recognition for various projects by students, teachers, and researchers at the University of Iceland.

Applications are accepted only during the advertised period. The application period varies but will be advertised in Icelandic on this website and the Icelandic UI website as well as in English on the University's English website.

The University of Iceland Trust Funds do not grant scholarships to prospective students who have not yet been accepted at the University.