The palace Stefaneum was built in 1903 for the students of the Seminary, but was never used for the purpose. “Blagodjejanije” (Benefection), earlier founded by Metropolitan Stevan Stratimirović from whom the building got its name, moved in. Regular school life in it started in 1908/09 and 40 students had free accommodation, food and service.
The World War II had as much influence on the destiny of Stefaneum as on other historical monuments and memorial buildings. Nowadays The Institute of Serbian People, founded by The World Serbian Community (based in Geneva and Belgrade) is situated in the building.