The foundation that was founded by the Posti Group started its operations in 2006. The foundation’s regulatory capital of 12.6 million euros is from Posti’s pension trust, where there were more funds than liabilities when moving pension liabilities to Ilmarinen. The Charter of Foundation describes the purpose of the activities to be: “to promote the general labour market capability of employees in the communications and logistics industry and to promote the industry’s work force staying available to the labour market for longer, as well as to support the physical and psychological condition and rehabilitation, as well as relevant holiday and sports activities, of employees working in companies that belong to the Finnish Posti Group and those who are retiring from these companies, and their family members.
The activities are further regulated by the Foundation’s guidelines and the Foundations Act. The Foundation is managed by a four-member board, to which the founder – in other words, the Posti Group – shall appoint two members and one of them shall operate as the chairman.
Over the years, the foundation has funded industry-related research project activities, physical activity interventions, national sports and culture weekends, holiday activities and during the past couple of years, regional sports and culture events. A requirement for all, including regional, events is that they are available to all salaried employees of the Group companies, and they must not replace any services that are required to be organised by the company.