The recapitalisation of universities

Traditionally, the capital structure of Finnish universities has been built entirely on public funding. However, the government is aiming to increase the share of private funding through fundraising. Foundations have a major role in the recapitalisation of universities.

On 3 April 2014, the government decided to recapitalise universities as part of its public finance and investment growth plan. Under the new plan, a matched funding scheme can triple the private capital raised by universities subject to a ceiling of €150 million. Private capital fundraising is taking place between 1 November 2014 and 30 June 2017.

Previous university recapitalisation and fund-raising took place from 2008–2011. During this period, Saastamoinen Foundation contributed €1 million to the recapitalisation of the University of Eastern Finland.

Tiedosta hyvä tulevaisuus campaign (Knowledge makes a good future)

- University of Eastern Finland’s recapitalisation campaign 2015–2017 (link in Finnish only)
- Itä-Suomen yliopiston pääomittamiskampanja 2015–2017

Taide on lahja campaign (Art is a gift)

- University of the Arts Helsinki’s recapitalisation campaign 2015–2017 (link in Finnish only)
- Taideyliopiston pääomittamiskampanja 2015–2017

Photo: Tuija Hyttinen, Seppo Karvinen & Jukka Mönkkönen from University of Eastern Finland