The Director’s Honorarium Fund was established in 1997 during the Institute’s three-year fundraising campaign. Its purpose was to provide a source of income devoted to the annual honorarium received by the Director of the Institute in Athens. Since 1994, the Director’s position has been filled by a Canadian scholar resident in Athens who has devoted a portion of his or her time to the Institute’s business, for which an honorarium has been paid. Some of the costs for the position are borne by income from this Fund.