IV Our responsibility for assets
We respect Aalto University property (including physical property, financial assets, intellectual property, data and confidential information), using assets and resources carefully and for their intended purpose.
Aalto University accepts donations that help fulfil our community’s purpose. Our fundraising principles are based on respect for the dignity of the donor’s will, ethics and integrity.
Physical assets and intellectual property rights
Aalto assets are primarily intended for teaching, learning, research and artistic activities, as well as for related support services. The use for any other purposes requires separate agreements or instructions. Aalto assets must be appropriately safeguarded against damage and unauthorised use or removal. We take appropriate action to protect intellectual property in accordance with Aalto procedures and guidelines. Our researchers’ rights to their innovations are safeguarded according to applicable legislation.
Funds
We use our funds responsibly. Public funding is used for allowed purposes only. We follow applicable rules on public procurement and carry out all purchases in accordance with Aalto purchasing procedures and policies. The funds raised from the donor are used in line with the donor’s will and the university community as the beneficiary. Aalto University’s endowment management is carefully organised and we incorporate the responsible investing goals in our endowment strategy.
Financial records
We maintain financial records that are accurate and precise, and prepared in accordance with applicable laws, regulations and standards. We comply with Aalto’s financial regulation and other supplementary financial policies and guidelines, and ensure that every transaction is properly authorised and recorded promptly, truthfully and accurately. External and internal auditors regularly monitor our activities.
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