Property


The KY Foundation’s property consists of investment funds and real-estate. Investment decisions are presented by the foundation’s investment and finance committee to the board, who then makes the ultimate decisions regarding investments. This wealth is mainly managed by Finnish asset management firms.

In addition to the investment funds, the KY Foundation owns the KY Building on Pohjoinen Rautatiekatu in Kamppi, Helsinki. The 7-story KY Building serves business students by providing space for the KY Association and various other student organizations in the building’s basement and third floor. Other floors are rented out for external use, and the rent income is used to finance the foundation’s operations.

Real-estate is monitored by the real estate committee, which reports directly to the foundation’s board. The KY Foundation’s Managing Director is responsible for managing the housing cooperatives.

Property Dispute

Since the Student Union of the Helsinki School of Economics merged with others to form the Student Union of Aalto University (AYY) at the beginning of 2010, the KY Association and KY Foundation were created to ensure the legacy of business student tradition, operations and identity. These organizations aim to ensure that even after the forming of the Aalto University, business students continue to have services and benefits in their own field of study, and they also gain access to 100 years worth of tradition.

In 2008, the Student Union of the Helsinki School of Economics donated a part of its assets to the KY Foundation to ensure the successful continuation of the business students’ culture and activities. The new Student Union of Aalto University disputed the legitimacy of this donation later.

Between 2009 and 2016, a number of different judicial cases took place between the foundation and AYY. In all these cases, the business students’ donation was determined to be legal. The property dispute finally ended in February 2016, when the Supreme Court of Finland rejected AYY’s request for a leave to appeal to the decision made by Helsinki Court of Appeal in 2015.