With the subsequent change in the company’s name as a result of a merger, the name of the fund was changed in 1996 to the SVH Coopers & Lybrand Oy Fund and in 1998 once again to the SVH Pricewaterhouse Coopers Oy Fund, before finally changing again in 2001 to the Pricewaterhouse Coopers Oy Fund.
Since its establishment, the company has almost without exception made annual additions to the special fund.
For all donations, 20% is reserved for use in the general promotion of Aalto University School of Business’s research and teaching activities.
The thesis and dissertation grants awarded by the HSE Support Foundation are thus normally maximum of €12 000 for pro gradu studies and a maximum of €24 000 for licentiate and doctoral research.
According to the decision of the Finnish Tax Administration, donations of between €850 and €50 000 which are given to the Foundation for the purpose of promoting science are tax-deductible for the donating organisation.
A donation’s allocation to a particular research area is specified in writing in the deed of donation which is signed by the donor.
According to the decision of the Finnish Tax Administration, donations of between €850 and €50 000 which are given to the HSE Support Foundation for the purpose of promoting science are tax-deductible for the donating organisation.
The Board of the Foundation gives out grants two times a year.
In 1987, the Salmi Virkkunen & Helenius Oy Fund was established for the purpose of developing and encouraging research, teaching and study of auditing, bookkeeping and financial statement practices at the Aalto University School of Business.
This is achieved through issuing grants for research, books, theses, dissertations and presentations.