Subject Must Be Named at Payment

The University of Oulu Scholarship Foundation, address Pentti Kaiteran katu 1, P.O. Box 8000, FI-90014 University of Oulu, Nordea Bank Finland Plc Account number 205018-21597, IBAN FI37 2050 1800 0215 97, SWIFT/BIC NDEAFIHH, has today been granted the donation of euros, of which 15 % is intended to be used freely for activities in accordance with the purposes of the Foundation, and the remaining part as grants for theses on the subject of

Subject:

(subject must be named at payment)

Donor:

Home municipality:

Address:

With this signature I confirm that I have read the attached instructions regarding the grants awarded for Master´s Thesis.

Date and signature

______/__ 201 ______

Typed name

Original deed of donation to be returned to address:

University of Oulu Scholarship Foundation
Financial Services
P.O. Box 8000
FI-90014 University of Oulu

ATTACHMENT FOR THE DEED OF DONATION

Instructions on the application for grants awarded for Master’s Theses

·  A call for the application of all the grants awarded by the Scholarship Foundation is announced on the Scholarship Foundation’s web pages and on the University Intranet four times a year in March, May, September and December.

·  The applicant completes the grant application form and attach abrief descriptionof the work and CV

·  The Secretary of the Scholarship Foundation (Hilkka Halonen) forwards the application to the faculty concerned, which will look for a suitable supervisor for the work.

·  The grants are paid when the Executive Committee of the Foundation has decided on the receivers of the grants.

·  The grants are paid as a lump sum.

·  The work supervisor monitors the progress of the thesis.

·  In order for a grant to be tax-free, the grant must be awarded without any form of required recompense and the application process must be public and open to all potential applicants, in addition to which the Executive Committee of the Foundation must be the party to decide on the recipient of the grant. If the company donating the grant has personally selected the recipient of the grant without an open and public application process and research work has begun before a decision has been made by the party awarding the grant i.e. the Executive Committee of the Foundation, the grant shall not be exempt of tax. This means that in the event of a tax audit, the student will be required to pay back taxes on tax prepayments retrospectively, and the party awarding the grant may be required to perform payment of employer contributions retrospectively with interest.

·  The Scholarship Foundation can not accept grants for Master´s Thesis in which the donor has chosen the grant recipient in advance.