Payment of residency grants and group residency grants

Photo: Lina Trouchez / Unsplash

The grants can be paid out when the work that the grant has been intended for takes place. Kone Foundation grants are paid out monthly by the third working day of the month.

 

Indivdual residency grant

Individual residency grants are paid in full each month. The first month of individual residency grants are paid in full. However, for the second month of the residency period, only half of the grant will be paid at the beginning; the rest will be paid at the beginning of the following month if the recipient has resided at the Saari Residence for a minimum of 42 days.

In 2022, the grant is paid in two parts. There will be a written contract between the artist and the Saari Residence.

 

Group residency grant

Group residency grants are paid at the beginning of the month when the residency period starts.

 

FILING A PAYMENT REQUEST

The grant is paid on the basis of a payment request submitted by the 10th day of the
month preceding the month of the residency period. Please note: we will not accept payment requests in July, so the deadline for August payments is in June.

Submit a payment request via the online grant service. You can log into the online service with the same credentials you used when drawing up the application.

The monthly grants of the individual residencies are paid directly to the recipients’ personal bank accounts. Requests for payment by communities and working groups must be submitted by the project leader. The payment is made into one bank account, not to accounts of all the workgroup members.

The required information in the payment request includes the grantee’s name, bank account number, Swift or Bic code, personal ID and address. If the bank account is not an IBAN account, also clearing code / routing number is required.
Details on awarded grants and instructions on how to submit a payment request are available from the online service for grants. To proceed to the payment request service, go to the online grant service and enter the identification code for payment request included in your letter of approval.

If you need to contact us, the easiest way is to chat with us on the online grant service.

 

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