27 March, 2018

Foundation

Summary (Maija Heikkinen & Veli-Pekka Salonen, Geologi 2 (2016)

 

100-year-old K.H. Renlund’s Foundation is a noteworthy supporter of geological know-how

Karl Herman Renlund (1850–1908) was an ironmonger, businessman, investor and generous donor, known as big-hearted and mellow supporter of the public good. Born in Kokkola, Ostrobothnia, and a long-term inhabitant of Helsinki, Renlund donated and invested great amounts of his wealth to charity and upcoming entrepreneurs, including e.g. Karl Fazer. Renlund was also a well-known socialite, whose company was enjoyed by famous artists like Jean Sibelius, Pekka Halonen and Ville Vallgren.

Mineral exploration, ore prospecting, groundwater research, geological know-how and environmental protection in Finland have indeed benefited, and continue to benefit, from the funds that K.H. Renlund willed for establishing a foundation for the purpose of practical geological research. Today, the 100- year-old K.H. Renlund’s Foundation, originally K.H. Renlunds Stiftelse för Finlands praktiskt geologiska undersökning, grants ca. 800,000 euro annually for the exploration, exploitation and protection of geological resources.

Over the decades, K.H. Renlund Foundation has delicately followed the societal trends and developing needs for geological know-how. Originally concentrating in ore prospecting, the foundation shifted more resources to building stone industry after mid-20 th centur y and to groundwater and environmental issues in the turn of the millennium. Nevertheless, to this day the bulk of the granted projects deal with mineral deposits and ore prospecting. In the jubilee year 2015 the foundation granted significant sums to two new openings: the exploration and research of flake graphite occurrences (Olav Eklund, Åbo Akademi) and the development of environmentally friendly hardpan-structure for tailings basins used in ore enrichment (Seppo Gehör and Kauko Kujala, Oulun yliopisto).

K.H. Renlund’s Foundation has stabilized its position as a central player in the funding of especially applied geological research in Finnish universities and state institutions. In the spirit of the all-round benefactor Karl Herman Renlund, the versatile foundation also supports start-up businesses within geosciences, promotes geoscientific publication activities, and hands out annual awards for best Master of Science theses and successful layman prospect