About the foundation
The Foundation supports the scientific research and teaching of technical disciplines at the Aalto University schools of technology. In recent years, the Foundation has co-financed over 100 doctoral dissertations, licentiate theses and master’s theses per year with the help of industry-donated funds. This support amounts to approximately one million euros per year.
Research co-financed by the Foundation is advantageous for the grant recipients, because the Foundation grants are tax-free income provided their amount does not exceed that of the State Grant for Artists (20 309,40 eur in 2017). This is a way for students to prove their talents without being tied to the employment contract.
In accordance with the Section 57 of the act on income tax (1535/1992), a gift of EUR 850–50.000 made to the Foundation for the purpose of promoting science is tax-deductible for the giving community. Naturally, the Foundation also accepts gifts exceeding the tax-deductible limit.