Lumbini Bauddha University (LBU), Lumbini came into existence on 29 Nov., 2004 (14 Marga, 2061 VS) after the promulgation of an ordinance relating to it, prior to the Second World Buddhist Summit held from 30 Nov. to 2 Dec., 2004 A.D. The concept of LBU was formulated on the basis of Lumbini Declaration Point No. 2.6 of the First World Buddhist Summit held in Lumbini from 30 Nov. to 2 Dec., 1998 A.D. The First World Buddhist Summit had recommended establishing an International Buddhist University to cater to the needs of Buddhist scholars as well as to emphasize its importance in accordance with international standards. Following the Second People's Movement of 2006 (2062- 63 VS# the Legislative Assembly adopted an Act relating to the establishment of LBU, Lumbini in 2006 #2063 VS). The Act  provides for the Prime Minister of Nepal as Chancellor of LBU and the Minister of Education, Nepal  as Pro- Chancellor. The University's Vice Chancellor acts as Chief Executive who is assisted by the Registrar in financial and general administration and the Dean in academic programmes.

Objectives of Lumbini Bauddha University

• To propagate the teachings of Gautam Buddha for the promotion of peace, brotherhood, amity and understanding in the world;
• To impart education relating to Buddhist religion, philosophy, literature and  culture;
• To develop LBU as a Centre for intellectual interaction among the Buddhist scholars of the world for the welfare of humanity at large;
• To enter into educational and cultural agreements with local and international organizations for the promotion of Buddhist learning;
• To exhibit the tangible and intangible cultural heritage relating to Buddhism;
• To conduct research on various aspects of Buddhist studies, including Buddhology and Buddhist cosmogony;
• To explore the ways and means of developing LBU as the Fountain of World Peace and the Centre for inculcating the Buddha way of life
• To explore and conduct excavation in the potential excavation sites related to mortal Buddhas
• To produce manpower for academic pursuits on Buddhism at different levels for advancement of Buddhistlearning;
• To work as an academy or cultural centre for conservation of primary source materials on Buddhology or Buddhist archives;
• To facilitate Buddhist laitieswith the help of Lamas, Acharyas,Bhikshus and Bhikshunis (monks and nuns) for Buddhist rites and rituals relating to different traditions;
• To promote Buddhist culture by conducting short term and long term training programme;
• To lay down skill standards of Buddhist learning for accreditation, standardization and certification of different levels of Buddhist education and training offered by national and international organizations, and
• To provide honorary titles to the scholars who have made substantial contribution to the development of Buddhism.