Nordea Bank established Art Foundation Merita fr on 15 March 2002. This non-profit foundation aims to promote Finnish art and art history research by:
- maintaining and developing its own art collection, and placing its works in the public view,
- loaning works from its collection to exhibitions in Finland and abroad, and
- supporting Finnish art and art history research through scholarships.
The foundation’s board is led by chairman Head of Personal Banking Sara Mella. The vice-chairperson is Debuty Mayor Nasima Razmyar. Other members are Museum Director Jaana Cawén, Professor Tutta Palin and MA Law (qualified for the bench) Eira Palin-Lehtinen.
The foundation’s Director and Board Secretary is Anu Kehusmaa (M.A., Art Conservator).