Grant payment

The grant is paid on the basis of a payment request submitted by the tenth day of the month preceding the month of payment.

GENERAL GUIDELINES

Kone Foundation grants are paid out monthly by the third working day of the month. The personal monthly grants are paid directly to the project member’s personal account. The grants are paid when the work that the grant has been intended for takes place. A full monthly grant is paid out only when the grantee works in the project full-time, not up front or after the work has ended.

Details regarding awarded grants and instructions for how to submit a payment request are available on the online service. To access the payment request page, log in to the online service and enter the identification code for payment requests included in your letter of approval.

FILLING IN A PAYMENT REQUEST

The project leader is responsible for making the payment requests for all personal working grants and other project expenses. The grant is paid on the basis of a payment request submitted by the tenth day of the month preceding the month of payment.

Should any changes regarding your payment schedule occur, you can edit a request that has already been confirmed.

Do you need help filling in the payment request? Please see an instructional video here.

Please note: changes to personal grant payments may affect the grantee’s MYEL insurance coverage. Grantees are obligated to immediately inform MELA about any changes regarding grant payments. We recommend the grantee inquire from MELA beforehand about how these changes will affect their insurance coverage and, in particular, the length of the insurance period.

Please be aware that each year, Kone Foundation office is closed in July and new payment requests will not be processed. All instalments confirmed to be paid in July will be issued as agreed.

PAYMENT OF PERSONAL MONTHLY GRANTS

Personal monthly grants for working group members are paid directly to the grantees’ personal accounts. A separate payment request must be filed for each member of the working group. The required information in the payment request includes the grant recipient’s name, bank account number, Finnish personal ID or date of birth, current address and payment schedule. Payments may also be made to bank accounts outside Finland and the SEPA region.

PAYMENTS FOR OTHER EXPENSES

If the project has been awarded support for other expenses, a separate payment request is made for the funding. Support for other expenses is primarily paid in one instalment per year; in such a case, it can be used throughout the year. If the support for other expenses is to be paid to a university account, it can be issued in one instalment (for instance, in a multi-year project). Other support is preferably paid to the bank account of a legally recognised organisation with a business ID.

The project leader submits the request along with the required details for the account to which the other support will be paid. This is often a project account, an account belonging to an organisation (e.g., a university or research facility) or a private individual’s account. If a payment is to be paid to a legal entity for other expenses, the request must include a business ID, reference number and contact information. 

If any salary or remuneration is issued from other expenses, the grantee must remember that it is their own responsibility to comply with all employer obligations, statutory payments and tax requirements. Kone Foundation only covers the other expenses and cannot assist with practical administrative matters. For more information about the payment of salaries and related matters, please visit palkka.fi (in Finnish and Swedish).