SCHOLARSHIPS, PRIZES AND AWARDS
Scholarships, Prizes and Awards
The Finnish Academy of Science and Letters finances its own activities and makes grants and awards out of its own funds which have accumulated as a result of donations, legacies and investments.
The most notable of the dedicated funds at present is the Vilho, Yrjö and Kalle Väisälä Foundation, which is based on shares in the company Vaisala Oy donated to the Academy in 1963 by a member and former chairman, Vilho Väisälä. The company has been successful internationally, so that both the value of the share capital and the dividends paid have risen considerably. The same applies to the value of the fund’s other share investments. This allows substantial grants to be made annually for research in mathematics, physics, astronomy, geophysics and meteorology. The Väisälä Award, set up in the year 2000 to benefit 1 – 3 promising scientists each year who are at an active stage in their careers, is also financed out of the foundation’s funds.
Another significant distributor of research grants is the Emil Öhmann Foundation, which began in 1993 on the strength of assets bequeathed to the Academy by its former secretary general Emil Öhmann. This foundation is administered by the Board of the Academy and makes annual awards principally to scholars of Germanic philology and the German culture.
An award is presented from the Academy’s own funds at the Annual Meeting each year to a member who has achieved particular academic distinction, and four scholarships are granted to young researchers for outstanding doctoral dissertations. The Bernhard and Mimmi Lagus Prize is awarded every third year for the best paper in education to be published during that period, and likewise the Kalevala Prize every third year for the best research into a theme related to the Kalevala.