4.11.2022

Åbo Akademi University receives €6.1 million in matched funding

Over the past two years, universities in Finland have collected more than €70 million in private donations that qualify for governmental matched funding. Åbo Akademi University will receive €6.14 million, the Government has announced.

The total amount of government matched founding for universities is €67 million.

During the campaign, which ran from 15 June 2020 to 30 June 2022, the universities were able to collect private donations. Åbo Akademi University raised more than €6.4 million, which clearly exceeded the target.

According to the Government, a donation exceeding €10,000 can be specifically directed to different fields of education. In this campaign, around 90% of donors directed their donations to a specific field of education or to a university within a specific field of education. A significant proportion of donations were directed at the national level to the fields of technical, economic, medical and pharmaceutical, natural sciences, education and humanities. At Åbo Akademi University, the largest share of donations was directed to education and teacher training (26%), natural sciences (16%), humanities (15%) and technology (12%).

Among the largest corporate donors to Åbo Akademi University were Neste, Metsä Group and OP Group. The largest foundation donations came from The Swedish Cultural Foundation in Finland, the Eschnerska Frilasarettet Foundation, the Brita Maria Renlund Memorial Foundation, the Sigrid Juselius Foundation and the Teknologiindustrin r.f. In total, almost 90% of the donations to Åbo Akademi University come from foundations.

This was the third government matched funding campaign, the first was organised in 2009-2011.