The period during which private capital collection will be taken into account under the governmental matched funding process is from 15 June 2020 to 30 June 2022.
In order for a donation to be eligible for capitalisation, it must be allocated to the university’s activities in general without restrictive terms concerning the use of the donation.
By donating, the donor cannot set any conditions on how the university uses its other funds. Only gratuitous money donations are eligible for governmental matched funding. Donating shares, real estate or other material gifts or intangible rights does not qualify for governmental matched funding. Bequests do not qualify for governmental matched funding.
The following donations are not eligible for governmental matched funding:
- Donations from companies belonging to the university group, the university’s own funds or university-associated foundations.
- Donations from state-owned companies entrusted with special duties. However, donations by commercial state-owned companies are eligible for governmental matched funding.
- Donations from communities and foundations that have traditionally supported the operations of only one specific university.
- Donations from municipalities and donations from companies and enterprises that are either directly or indirectly owned by municipalities.
- Donations from communities that are mainly financed by public funds (e.g. universities of applied sciences) or communities governed by public law that have the right to tax (e.g. parishes). However, donations from student unions and student nations, as well as companies owned by them, are eligible for governmental matched funding. The same applies to donations from chambers of commerce that are not communities financed by public funds.
The Government determines whether a donation received by the university qualifies for matched funding. Universities will be capitalised by a sum that is 2.5 times higher than the private capital raised by the universities themselves, up to a maximum of €67 million. Governmental matched funding is allocated between the universities in proportion to the private capital raised by the universities, but governmental matched funding received by an individual university may not exceed €11 million. If the universities are unable to collect €26.8 million of donations entitling to governmental matched funding or if some of the resources cannot be allocated due to the cap on matched funding, the remaining capitalisation resources will be distributed among the universities on the basis of research impact criteria.
The university will transfer the donations made during the matched funding campaign to a fund and use the capital to support research and education in accordance with its fundraising principles.