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| The Grants |
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| The Foundation bestows grants in the form of nonrecurrent or continuing financial compensation - the latter in the form of pensions. The instructions of the founder are complied with, in that should the awardee receive benefits from a third source parallel to the pension approved by the Foundation, this under no circumstances will lead to a reduction or cancellation of the pension. Until the end of the 1950s, this form of recognition assumed particular significance because the Swiss social insurance system was only in its infancy. Furthermore, a provision is incorporated, whereby, as an exception, a surplus in proceeds from capital may be used to aid persons who have been victims of natural disasters. Until the end of the 1950s, this form of recognition assumed particular significance because the Swiss social insurance system was only in its infancy. Furthermore, a provision is incorporated, whereby, as an exception, a surplus in proceeds from capital may be used to aid persons who have been victims of natural disasters. |
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