Hansa Group, connecting the leading transportation and administration companies in the Baltic States created the fund to support young musicians and allocated 30,000 euros for a three year period in order to fulfil the aims of the fund.
Neeme Tammis, chairman of Hansa Group council, says that they did not want to establish a separate legal entity. Instead, the new fund is now part of the Foundation of Culture Partnership. “At the moment, we have decided to support the fund’s activities with thirty thousand euros,” said Tammis. “This should motivate our young musicians to continue their studies in their chosen fields or provide support for their first steps in releasing albums and giving concerts. We didn’t want to set strict regulations for applying for the grant, we prefer acting according to demand.” He adds that they have made up their mind about the first person to receive the funding and the allocated grant is already being used.
As of last year, Hansa Group’s Young Musician Fund is the first private fund that is managed by the Foundation of Cultural Partnership.
The Foundation of Cultural Partnership was created last spring with the aim of finding opportunities and shaping the cultural environment to involve more private capital in the interest of the public domain. In 2020, the foundation provided nearly 90,000 euros, most of which was used to pay grants and fees.
Hansa Group is a concern operating in the Baltic states funded by Estonian capital that is engaged in charter transport, car rental and selling and servicing commercial cars and has also recently started operating in two new sectors: real estate management and financial investments.
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