About the Fund

Here, you can find general information on the Fund and its operations:

Rules of the Fund

1 § Name of the Fund

The name of the Fund is Teekkaritoiminnan edistämisrahasto (in English, the Fund for the Promotion of Teekkari Operations).

2 § Fund’s capital

The Fund’s capital consists of the stocks donated on 2 Mar 2006 by the Association for the Promotion of Teekkari Operations (TTEY ry) to the Student Union of the Helsinki University of Technology (TKY) with a book value of 1 586 079.33 euros.

3 § Fund Treasurer

The Fund Treasurer is the Board of Aalto University Student Union (AYY), the legal successor of TKY.

The Fund’s capital, which can be accumulated, must be invested safely and productively. The Fund’s profit and other funds received for its purpose form the working capital from which the grants are paid out.

4 § Fund’s purpose and profit distribution

The purpose of the Fund is to support the goals of AYY and its members and the communities operating in connection with it, as well as to generate and maintain active interest in technological, scientific, financial, artistic and societal issues and cultural activities by awarding grants.

5 § Decisions upon allocating the Fund’s allowances

The allocation of grants is decided upon by the Fund’s Directorate.

The Directorate consists of a Chair and six (6) other members. Of the other members, three (3) must be selected from the persons nominated by the Guild of the Round Tower (PTK ry) who have completed an academic higher education degree in Aalto University or one of the Schools preceding it. The Directorate is appointed by AYY’s Representative Council.

The Chair is elected annually. The members of the Directorate are elected for two calendar years at a time. The first three turns to resign are chosen by drawing lots. The same person must not be elected into the Directorate more than three consecutive times.

The Directorate appoints a Vice Chair from its midst and assigns a secretary for itself.

6 § Confirming and amending the Fund’s rules

The Fund’s rules as well as amendments and additions to them are approved by AYY’s Representative Council. Amendments are made in the same order as amendments to AYY’s Constitution, acknowledging the terms of the Fund’s original deed of donation.

7 § Dissolving the Fund

Should the Fund be dissolved for some reason, its assets must be used to fulfil the Fund’s purpose.

Directorate

The Fund’s Directorate is appointed by AYY’s Representative Council. The Directorate consists of four persons nominated by AYY and three persons nominated by PTK ry (previously TTEY ry), whose task is to decide upon the grants awarded by the Fund. A Directorate member’s term of office is two years.

AYY’s Representative Council appoints the Chair of the Directorate from among AYY’s Representative Council members. The Directorate appoints a Vice Chair and assigns a secretary for itself.

TTE Fund’s Directorate in 2019

Sirius Vuorikoski, Chair, term ends 31 Dec 2019 (AYY’s representative, 1st term)
Jari Isaksson, term ends 31 Dec 2019 (AYY’s representative, 3rd term)
Elli Taimela, term ends 31 Dec 2020 (AYY’s representative, 1st term)
Tyko Viertiö, term ends 31 Dec 2020 (AYY’s representative, 1st term)
Tapani Kivinen, term ends 31 Dec 2019 (PTK’s representative, 2nd term)
Janne Nevalainen, term ends 31 Dec 2020 (PTK’s representative, 2nd term)
Jaakko Helleranta, term ends 31 Dec 2020 (PTK’s representative, 2nd term)

The Fund’s acting secretary is Samu Nurmi In addition, the Directorate’s operations are monitored by the Student Union’s Executive Director and Organisation Specialist as well as its Board’s Chair and member in charge of organisations.

Grant terms and conditions

  • By submitting an application, you give TTE Fund permission to publish the name of the applicant(s) and project on the TTE Fund website if a grant is awarded.
  • The grant is paid out at the end of the project against an approved final report containing a description of the project’s progress and its actualised finances (receipt copies attached).
  • TTE Fund can grant funding for the whole project or for specified parts of it. The funding must not be used for any other purpose than what it was granted for.
  • TTE Fund reserves the right to withdraw an awarded grant if the project’s execution or actualised finances turn out to differ considerably from what was presented in connection with the application. TTE Fund does not pay out grants to projects that have made a profit.
  • A grant awarded by TTE Fund expires if it has not been reported on or collected within 12 months of being awarded. However, for a justified reason, additional time may be added to this deadline.
  • If the funding has been used to produce a book, CD or similar product for sale, the grant recipient is obliged to deliver at least three (3) copies of the product to TTE Fund, who will in turn deliver them to the AYY archive.
  • In addition to these terms and conditions, TTE Fund may also stipulate special case-specific terms for a grant to fulfil the Fund’s purpose.

History

The Fund for the Promotion of Teekkari Operations was established in 2006 as part of the Student Union of the Helsinki University of Technology (TKY). The Fund’s initial capital was donated by the Association for the Promotion of Teekkari Operations (TTEY). The first application round took place in spring 2007, and the next one in the autumn of the same year. Since 2008, it has been possible to apply for grants from the Fund in the application rounds organised three times a year. A lighter application round was tried for the first time in 2010, in which small grants (200 € at most) could be applied for over a month’s period with a freely formatted application that was processed quickly.

In the beginning of 2010, TTE Fund in its entirety became a part of Aalto University Student Union (AYY). Since the beginning of that year, all AYY members as well as associations and communities operating in connection with it have been able to apply for grants from the Fund.  The purpose of the Fund is to support the goals of AYY members as well as to generate and maintain active interest in technological, scientific, financial, artistic and societal issues and cultural activities by awarding grants.

On 1 Jan 2010, TKY merged into Aalto University Student Union (AYY) together with the Student Union of the Helsinki School of Economics (KY) and the Student Union of the University of Art and Design Helsinki (TOKYO) at the same time as the three universities merged into Aalto University. TTEY also changed its name in spring 2010. These days, TTEY is known as PTK ry which, in addition to the TTE Fund appointments, deals with granting various Teekkari acknowledgements as well as maintaining and cherishing a number of Teekkari traditions.

Contact details

We ask you to send all general queries and questions by email to tter(at)list.ayy.fi. Messages sent to this address reach the Fund’s secretary as well as the Chair of the Directorate.

You can also reach the Fund’s secretary at tter(at)ayy.fi.

Please note that TTE Fund is run by a part-time employee and volunteer workers, so an answer is not necessarily available straightaway.

Postal address:

TTE Fund / AYY

PL 69 02151 Espoo