The Foundation Tempus was founded in October 2002 as an organisation that provided a framework for establishing an office for the Tempus programme which supports the modernisation of higher education.

In 2007, the Foundation started to promote the Erasmus Mundus Programme, its joint study programmes and grants for students, teachers and other staff employed at higher education institutions. Since 2009, the Foundation has been responsible for the promotion of the Jean Monnet Programme. In 2010, the Foundation began to organise consultations for students about funding possibilities for master and PhD studies and exchange programmes.

Since 2011, the Foundation Tempus has been responsible for the Lifelong Learning Programme, which also involves pre-university levels of education. The Foundation cooperated with an increasing number of institutions – from universities and colleges of applied studies, to primary and secondary schools and organisations, state institutions, companies and civil society organisations active in the field of education.

In 2013, the national Euroguidance centre was established under the Foundation Tempus, as part of the European network supporting career guidance and counselling, which Serbia joined in the same year.

Since 2014, the Foundation Tempus has been responsible for implementing the education component of the extensive Erasmus+ Programme for education, youth and sport. In 2015, the Foundation Tempus also became the office responsible for implementing the CEEPUS programme, the Central European exchange programme for students and academic staff.

Following the beginning of preparatory measures for Serbia’s full participation in this programme in July 2016, the Foundation Tempus also became responsible for the youth component of this programme.