Grant payment

The grant is paid on the basis of a payment request submitted by the 10th day of the month preceding the month of payment. Take into account that the Kone Foundation office is closed in July annually and new payment requests won’t be accepted. All instalments requested to be paid in July will be paid as agreed.
Photo: Reetta Sassi

General guidelines

The personal monthly grants are paid directly to the project member’s personal account. Kone Foundation grants are paid out monthly by the third working day of the month.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 projects full-time, not after the work has ended or upfront.

 

Filling a payment request

The project leader is responsible for making the payment requests for all personal  working grants and other costs of the grant project. The grant is paid on the basis of a payment request submitted by the 10th day of the month preceding the month of payment. Take into account that the Kone Foundation office is closed in July annually and new payment requests won’t be accepted. All instalments requested to be paid in July will be paid as agreed.

Payment requests for organisations and working groups are submitted by the project leader.

 

Payment of personal monthly grants

The personal monthly grants of the working group members are paid directly to grantee’s personal account. 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 the payment schedule.  Grants may also be paid to bank accounts outside Finland and the SEPA-region.

 

Payment of other expenses

If the project has been awarded other expenses,  separate payment request is made for the funding.  Other expenses are primarily paid in one instalment per year, in which case they can be used throughout the year.

The project leader submits the request with account details  to which other expenses will be paid. This is often a project account, an organisation’s account (e.g.  University or other research facility), or a private individual’s account. If a request is made for the other expenses to be paid to a legal entity with a business ID, the payment request must include a business ID, reference number and the contact details of the entity. If the other expenses are paid to an individual instead of on organisation, the maximum instalment is 4000 euros per payment.

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

 

Online grant service

Kone Foundation has moved to the new online grants system in June 2020. Please submit your or your workgroup’s/community’s payment requests or requests for change through the new system. Final reports for already completed projects must also be submitted through the new system.

Please log in the online grants system here.