Monday, 04 October 2010 13:51
The President of the Republic's Cultural Foundation (hereinafter the Cultural Foundation) has the right to issue scholarships and awards of specific purpose related to cultural, educational or research activities in Estonia. Scholarships and awards shall be granted to both private individuals and groups of individuals, proceeding from the submitted applications.
For issuing scholarships and awards of specific purpose, the Cultural Foundation may accept donations intended for specific purposes and conclude agreements with legal persons and private individuals. Such an agreement shall specify the amount of the scholarship or award, its target group, the authority making a choice between the submitted applications; how often the scholarship or award is to be issued, etc.
All scholarships and awards shall be issued by the Cultural Foundation. When issuing a scholarship or award, the relevant donor shall be mentioned.