Tax deduction right
Corporations and organisations
For companies and communities, donations of EUR 850–250,000 are tax deductible in Finland (does not apply to joint-stock companies nor limited partnerships).
Money collection permit
The University of Vaasa permit ID is RA/2021/301.
Matched funding scheme 2020-2022
The Government of Finland has decided to support Finnish universities with state matched funding between 15 June 2020 and 30 June 2022. The Finnish Government will provide Finnish universities with capitalisation in 2020–2022 thanks to a one-off contribution of EUR 100 million allocated by the Finnish Innovation Fund Sitra.
Each donated euro may yield up to 2.5 euros as long as the donation follows the rules of the campaign. The matched funding investment based on private donations always becomes part of the basic capital of the university.
For a donation to be eligible for capitalisation, it must be allocated to the university’s activities in general without restrictive terms concerning the use of the donation. The Government determines whether a donation received by the university qualifies for matched funding.