University shaped who I am. Now it’s my turn to give something back.

Klaas Knot, former President of De Nederlandsche Bank, Honorary Professor at the University of Groningen (RUG), a first-generation student and one of the first Dutch Erasmus students, looks back on his student days as a period that shaped his life and career.

A humble start, a world of possibilities

Knot grew up in a modest family: his mother was a teacher, his father a livestock feed merchant. “My parents didn’t have the chance to study themselves, but they wanted me to have that opportunity,” he says. As a first-generation student at the RUG (1985–1991), he experienced the university as a place of freedom, discovery and inclusivity. “The world opened up for me. Studying is more than just following a course; it is a time when you develop yourself, have the freedom to shape your own life, make friends, and learn what you can achieve.”

Knot studied economics, graduated with honours and obtained his PhD in 1995 at the same university. He was active in student life, including as a member of the GSVV Donitas volleyball club, and was one of the first Dutch students to go abroad through the Erasmus programme, in his case to the University of Padua. “I was curious about everything: student council work, part-time jobs, study trips, and yes, the pub too. It was a carefree time, without any heavy responsibilities.”

Giving back: why the Ubbo Emmius Fund?

Knots’ decision to support the Ubbo Emmius Fund (UEF) is no coincidence. “I owe an enormous debt of gratitude to the University of Groningen: my degree, my PhD, my professorship, my network. It makes sense and feels good to give something back.” His motivation is not only personal, but also social. “The university is not an ivory tower; it is part of society. The UEF emphasises that connection. That appeals to me immensely. It is about emancipation, inclusivity, and offering opportunities to everyone, regardless of origin or social background.

Knot, himself involved in the economy of the Northern Netherlands through the Lelylijn, highlights the unique role of the University of Groningen in the Northern Netherlands: “The university is a driving force for the region. Whether it concerns research into earthquakes, health sciences, or economic convergence, the University of Groningen demonstrates that it is there for society. That deserves support.”

A call to alumni: “Give back, because you have received so much”

Knot’s message to hesitant alumni is clear: “The social value of your studies is incredibly great. You will benefit from them your whole life. How hard is it, then, to give back a small part of that? It is not just a financial contribution; it is a way to remain part of the University of Groningen community.”

He emphasises that it is not about large sums, but about the power of the masses. “Everyone can do their bit. It’s about the power of the masses. And remember: you only have one alma mater in your life.”

How can you contribute?

The Ubbo Emmius Fund makes it possible to support the University of Groningen in areas close to your heart: from research and education to social projects. Whether you wish to make a one-off donation or set up a regular contribution, every contribution helps to strengthen the university and provide opportunities for future generations.

Would you like to know more? Visit the Ubbo Emmius Fund website or contact Elise Kamphuis at elise.kamphuis@rug.nl.

This article is based on an interview with Klaas Knot, former President of De Nederlandsche Bank and alumnus of the University of Groningen.