The Commission for Educational Exchange between the United States and Nepal ( also known as" the Fulbright Commission" or "USEF/Nepal") was established in 1961 by executive agreement between the governments of Nepal and the United States, and has operated continuously since that time. It is a binational organization governed by a Board of Directors composed of five Nepalis appointed by the Government of Nepal and five Americans appointed by the American Ambassador. The Board sets policies, awards grants and oversees the Commission's Secretariat which administers the exchange programs. Day-to-day operations of the Commission are the responsibility of the Executive Director.
Funding for the Commission's educational exchange programs comes primarily from the US Government with contributions from other sources, including the Government of Nepal. The United States Department of State receives an annual allocation from the US Congress to administer the Fulbright and Humphrey Fellowships worldwide. It also gratefully accepts contributions from private sources. According to its by-laws, the Fulbright Commission supports academic exchanges that provide long-term benefits to both the scholars and their countries. The Commission does not fund short-term training programs or participation in seminars and conferences, nor does the Commission provide travel only grants.
Known to many as "The United States Educational Foundation in Nepal (USEF/Nepal)", or simply as "the Fulbright Commission," the organization administers educational exchange activities between Nepal and the United States and provides information about American higher education opportunities to the Nepali public. Its principal programs are the Fulbright program, the Hubert Humphrey Fellowship program, special grants programs and a full range of student counseling, test preparation and test administration services provided through USEF's Educational Advising Center (EAC).