Svenska kulturfonden (The Swedish Cultural Fund) will likely make grants worth a record-breaking 38 million euros this year. That’s over 50% more than last year. This is according to a report by Yle.
After the economic depression at the start of the 1990s, the Cultural fund has grown fast. Returns have grown by between 5% and 50% per year since 1995, a year in which the fund gave 2 million euros to support causes.
The Swedish Cultural Fund works to support and strengthen the Swedish language in Finland, to develop skills, competence and creativity amongst Swedish-speaking Finns, and to support solidarity amongst and the identity of the Swedish-speaking Finns.
On an everyday level, it’s probably most well-known for granting scholarships to university students via its participation in the Swedish Study Fund.
Svenska kulturfonden is celebrating its 100th anniversary during 2008.