Historic Milestones in RACU/RAI’s Development (1990 – 2016)

  • October 26, 1990 – Initial request by the Russian Minister of Education to build a “faith-based liberal arts university” in Moscow.
  • September 28, 1992 – Formation of the American Working Group to develop a faith-based liberal arts college in Moscow.
  • July 25, 1994 – First meeting of the Board of Trustees of the Russian-American Christian University (RACU) in Moscow.
  • March – May 1995 – RACU offers its first four classes in the evenings at Russian Peoples’ Friendship University’s downtown campus.
  • June 14, 1995 – Incorporation of RACU/U.S., Inc., as a non-profit organization.
  • April 2, 1996 – Signing of the Foundation Agreement of RACU by the Board of Trustees in Moscow.
  • June 1995 and June 1996 – RACU offers four-week “Summer English Language Institute” on the main campus of Russian Peoples’ Friendship University.
  • July 10, 1996 – IRS grants tax-exempt status to RACU/U.S., Inc.
  • September 1996 – RACU accepts its first class of full-time undergraduate students.
  • October 1996 – RACU moves into its new campus location at the Center for Christian Ministry.
  • May 27, 1997 – Approval of RACU’s Charter by the Board of Trustees in Moscow.
  • December 3, 1997 – The Russian Ministry of Education awards RACU operational license with the right to grant undergraduate and graduate degrees.
  • September 1999 – RACU moves some of its academic operations to Moscow State University’s Center for International Education.
  • May 2001 – RACU purchases a land lease in northeastern Moscow upon which to build a new academic facility.
  • May 19, 2001 – RACU’s first commencement celebration for 19 graduates.
  • September 28, 2001 – The Board of Trustees for RACU/U.S., Inc., approves the building plans and capital campaign budget for a new campus facility in Moscow.
  • August 2002 – RACU moves to its third campus location at the former Moscow Silk Factory.
  • November 12, 2003 – The Russian Ministry of Education grants RACU full accreditation for five years – the first school of its kind to receive state approval.
  • December 2005 – RACU is granted permission to build its new campus facility by the Moscow city government.
  • August 2006 – RACU moves to its fourth campus location at the Tushino Evangelical Church.

  • November 2007 – RACU changes its legal name to the Russian-American Institute (RAI).
  • December 12, 2008 – RAI’s five-year education license expires and needs to be renewed.
  • Spring 2009 – RAI’s regular undergraduate courses are temporarily suspended for the Spring semester due to its expired license.
  • January 18, 2010 – RAI receives its renewed education license and offers its first classes in the new campus facility.
  • May 28, 2010 – RAI’s ninth graduation.
  • May 29, 2010 – The Institute dedicates its newly-completed 46,000 square foot academic facility.
  • Summer 2010 – A “Perfect Storm”: new tax regulations result in the loss of tax-exemption for the new facility and annual property taxes nearing $500,000; re-accreditation appears impossible due to Russian Ministry of Education’s refusal to recognize any Ph.D.s. granted by American universities; and a major government scholarship program for state universities results in a substantial decrease in potential RAI student enrollment.
  • November 12-13, 2010 – The Board of Trustees unanimously votes to suspend RAI’s undergraduate program at the end of the 2010-11 academic year and monetize the Moscow campus with the goal of using net assets from the sale of the building for future work in Russia.
  • June 2, 2011 — RAI’s tenth and final graduation (40 students).
  • January 27, 2012 – RAI receives the title of ownership for its new facility in Moscow.
  • April 6, 2012 – The Board of Trustees authorizes the Executive Committee to sell RAI’s new campus facility.
  • March 18, 2014 – The Board signs a sales agreement with a large multinational corporation to purchase its Moscow campus facility.
  • November 8, 2014 – The Board votes to use the net assets from the sale of RAI’s Moscow campus facility to support Christian ministries in Russia and Ukraine.
  • January 2015 – RAI begins making grants to Christian ministries in Russia and Ukraine.
  • May 2016 – RAI changes its name to Business & Education as Mission (BEAM), Inc., and registers the name change and its status as a private foundation with the IRS and the State of Oklahoma where it is legally based.