NPO Fenno-Ugria, 28 Pärnu St, 10141 Tallinn, Estonia
372 644 511
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Lennart Meri’s “The Waterfowl People” Fund

Approved at the meeting of the Board of NPO Fenno-Ugria 
on September 24, 2007


Lennart Meri’s “The Waterfowl People” Fund
STATUTES



1. Lennart Meri’s “The Waterfowl People” Fund (hereinafter referred to as "the Fund") was established by Tõnu Seilenthal on June 20, 2007 with the aim of cherishing the memory of Lennart Meri, an outstanding statesman and researcher of Finno-Ugric peoples, as well as to support the creative and community-benefiting activities of the youth for the good of the Finno-Ugric peoples.

2. The activities of the Fund are led by a Council of five members acting under procedural rules. The Council includes the establisher of the Fund or his/her authorised representative, and also the director of the NPO Fenno-Ugria. The Council of the Fund is formed and approved by the Board of the NPO Fenno-Ugria.

3. The Fund is operated/administered by the NPO Fenno-Ugria. The accruals to the Fund will be maintained in a bank account opened for this aim. The accruals to the Fund will be used only for the disbursement of “The Waterfowl People” scholarships (hereinafter referred to as "the Scholarship"). Other costs of maintaining the account will be covered from funds of the NPO Fenno-Ugria.

4. The start-up capital is established from a bank deposit in the amount of 100,000 EEK, made by the NPO Fenno-Ugria.

5. The Council of the Fund has the right to increase the start-up capital by allocations for specific purposes and other allocations.

6. The Scholarship is paid out once a year from the yield of the Fund; at least 10% of the yield is allocated to increase the start-up capital. The rest of the yield is used only to pay out Scholarships. If the Scholarship is not disbursed in cases described in points 13 and 14, the entirety of the yield will be used to increase the start-up capital.

7. The opportunity to apply for the Scholarship will be announced in the mass media in as many Finno-Ugric languages as possible, as well as in English and in Russian, at least two months before the closing date for the applications.

8. Applications for the Scholarship must be submitted on September 15 at the latest each year. The grantee of the Scholarship will be announced during the Finno-Ugric Days in October.

9. “The Waterfowl People” Scholarship will be given to one or more youths under the age of 33 by the decision of the Council of the Fund.

10. When granting the Scholarship, the Council of the Fund takes into consideration the professional success and the community-benefiting activities of the applicant.

11. In order to be granted “The Waterfowl People” Scholarship, the applicant will submit an application with an overview of his/her professional and community-benefiting activities, as well as letter(s) of recommendation.

12. The grantee and the sum of the Scholarship will be decided by the Council of the Fund at its regular meeting.

13. In the event of a lack of suitable candidates, the Council of the Fund has the right to refuse granting the Scholarship.

14. If no applications for the Scholarship have been submitted by the closing date, the Council of the Fund will not grant the Scholarship.

15. The public will be notified of the grantees of the Scholarship through the media.

16. The Council of the Fund will sign a contract with the grantee of the Scholarship that defines the rights and duties of the parties.

17. The grantee of the Scholarship will submit a free-form report of his/her use of the Scholarship to the Council of the Fund by the date determined by the contract of the Scholarship.