General basis for granting subsidies and project grants
The purpose of the subsidies is to support associations, student groups and individuals 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.
When granting funding for yearly operations the following factors are considered:
- Purpose of the association
- Financial situation
- Extent and quality of the operations
- Communication practises (such that they reach the students of the Aalto School of Business as widely as possible
An excess (i.e. own risk) is required by the applying association. Diverse fundraising is an element of Good quality operations and activities (for example ticket sales, subsidies from other sources). The financial situation of the association will be considered when evaluating the grant.
Project funding in particular
Project funding is aimed at student groups, associations and individuals with a project. The project can be for example a new event, or an idea that enhances learning – anything that benefits the Aalto University’s Business students.
Also for registered associations for surprising needs and purchases. However KY Foundation encourages the associations to plan their year well in advance and apply for funding in the application period for yearly operations (on spring).
The basis for granting project funding are the same than granting subsidies for yearly operations.