1. General

1.1. Our purpose

The Foundation for Business Students in Aalto University (KY Foundation) aims to further the societal, social, professional and intellectual goals of students in the Aalto University School of Business, as well as those related to studying and the student life.

KY Foundation brings the student body together and implements its mission by financially supporting the students’ leisure activities, cultural and sports events, as well their studies and the prerequisites thereof.

The highest decision-making power is mainly held by KY Foundation’s board, which is in charge of overseeing the foundation’s operations and representing the organisation. The operations of KY Foundation are guided and monitored by the foundation’s supervisory board, which is KY’s Representative Council.

KY Foundation’s Managing Director is Arttu Lääkkölä.

1.2. Elected officials

Chair of the Board

Rasmus Ylinen

Supervisory Board

Sanni Lappalainen (Chair)
Emilia Silius (Vice-chair)

Student members of the Board

Rasmus Mäkinen
Helmi Nuortimo
Tuomas Takanen
Marko Voutilainen
Topias Turppa (Chair of the KY Association Executive Board)

Advisory members of the Board

Harri Hiltunen (Vice-chair)
Petri Ala-Härkönen
Johanna Juujärvi
Mikael Laine
Jani Nokkanen
Ira van der Pals

1.3. Contact us

KY Foundation’s Managing Director is Arttu Lääkkölä.

In questions concerning daily operations or asset management, please contact Managing Director Arttu Lääkkölä (arttu.laakkola@ky.fi, 040 0241 961)

In questions concerning media enquiries, please contact Chair of the Board Rasmus Ylinen (rasmus.ylinen@ky.fi, 040 566 0979)

KY OFFICE CONTACT INFO

2. Project grants and subsidies

2.1. About subsidies

The purpose of the subsidies is to support associations that promote the social, professional, intellectual, as well as study and student life related aims within the Aalto School of Business in addition to supporting the traditions of business students in Helsinki.

KY Foundation has few allocation clauses, but in general the KY Foundation grants subsidies to events, activities or clubs that are mainly organised by Aalto University business students and are organised mainly for Aalto University business students with well thought out plans, budgets and ambitions.

Larger the event, activity or club, or more it can reach the students of Aalto University School of Business, the bigger the grant usually is.

2.2. Application times

Yearly activities: 21.2. – 27.3.2022

Project grants 1.1. – 31.12.2022

2.3. Association subsidies

The purpose of the subsidies is to support associations that promote the social, professional, intellectual, as well as study and student life related aims within the Aalto School of Business.

Association subsidies are meant for funding of planned events and activities that will be executed under the present year. They can also be granted for large or repetitive projects. An excess (i.e. own risk) is required by the applying association. Diverse fundraising is an element of high-quality operations and activities. The financial situation of the association will be considered when evaluating the application.

More about association subsidies

2.4. Association subsidies application

The application period for association subsidies is open from Monday 21.2.2022 to Sunday 27.3.2022.

Please apply for a project funding by filling the application form, which can be found below. Use a decimal point ( , ) as the decimal delimiter, not a dot ( . ).

Please wait for a few moments after pressing the “Tallenna/Save” button for the application to be registered. Every successful application will result to an automatic confirmation email to the applicant.

Apply here!

2.5. Project grants

Project funding is aimed at student groups, associations and individuals with a project. It is primarily meant for small scale projects – subsidies for large scale or repetitive project should be applied in the spring application period. Indicative maximum subsidy for a small project is 2 000 euros.

The project can be for example a new event, or an idea that enhances learning -anything that benefits the Aalto University’s Business students. It is also meant for registered associations for surprising needs and purchases, although KY Foundation encourages the associations to plan their year well in advance and apply for funding in the application period for yearly operations.

The application period for project funding is open continuously.

More about project grants

2.6. Project grants application

The application period for project funding is open from January until December

Please apply for a project funding by filling the application form, which can be found below. Use a decimal point ( , ) as the decimal delimiter, not a dot ( . ).

Please wait for a few moments after pressing the “Tallenna/Save” button for the application to be registered. Every successful application will result to an automatic confirmation email to the applicant.

Apply here!

3. Related parties

The foundation law of 2015 defines the key people who are seen as related parties of the foundation. The law requires foundations to report all the transactions with these related parties in the financial statement. Transactions with related parties can mean any economic benefits or actions that take place between the foundation and a related party.

3.1. RELATED PARTIES GUIDELINES

The Board of KY Foundation has created internal related parties’ guidelines. According to these guidelines, transaction with related parties are not prohibited, but transactions must be justified based on the purpose and practices of the foundation.

Any grant that is awarded to a related party must fulfill the general criteria of the foundation’s grants, and has to be available for others in the foundation’s target audience with similar terms. Any commercial agreement must be market-based. Any monetary compensations must be conventional and based on important work done for the foundation.

Related party relationship may cause disqualification in preparations, decision-making and implementation of the foundation’s activities.

Related party transactions must be reported in the financial statement according to the instructions of the foundation law.

MORE ABOUT RELATED PARTIES