In 1994, the Foundation was given foundation capital of SEK 1.0567 billion. Since its inception and up to December of 2013, the Foundation has awarded SEK 1.615 billion in scholarships and grants. A total of SEK 1.738 billion has been paid out, including administration and capital management costs. At the start of the 2014 financial year, the Foundation’s assets had a market value of around SEK 721 million. During 2013, payments of around SEK 41 million were made. For the financial year 2013, the Foundation showed receipts of SEK 48 million and profits of SEK 35 million.
The Foundation’s capital management is handled on behalf of the Board by a Asset Management Committee, consisting of the Foundation’s chairman, a government-appointed member with expertise in executive finance and two outside experts. The Foundation’s capital management is governed by investment rules based on the investment policy adopted by the Board and last revised in November 2010. The Foundation’s endowment is securely managed, with limited risk and the opportunity of a good rate of return. The expectation is for this to be achieved through professional management of the financial risks as part of the ongoing running of the Foundation. In the main, this means diversification within and across asset classes, markets and issuers. The administrative focus has to consider the Foundation’s plans in regard to its remaining lifespan and commitments.
STINT’s Asset Management Committee consists of:
Dr. Peter Holmstedt, former Executive Director, RISE
Dr. Gunnar Dahlfors, Director, Finansinspektionen
Mr. Mats Guldbrand, Chairman, Lundbergs
Mr. Jan Lindman, Director, Royal Court
Business proposals and presentations to the Asset Management Committee may be sent to: capital(#at#)stint(#dot#)se