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The Swedish Academy owns more than 1.7 billion

For the first time since 1786 when it was founded by Gustav III reports the department exactly what is being done within the Academy's framework and how much money it has at its disposal.

It is no secret that there is the serious crisis that has forced up the transparency. Through increased transparency hope the Swedish Academy is able to change the image of the a end and a tad ljusskyggt company.

the Academy has been depicted as fylltrattar of the Peace who sit and pound each other in the back and give each other rates and charges jättehöga salaries, notes Eric M Runesson, a spokeswoman and a lawyer who hopes for ”a more substantive discussion” of the Swedish Academy in the future.

the secretary Anders Olsson, he meets the TT to go through the report of board of directors. It shows an organisation with a very good economy, with an equity 2018 of over 1.5 billion and counting, after the market value is the figure at over 1.7 billion. The assets consist primarily of stocks, bonds and real estate.

" We have been talking so much about increased transparency and the need to communicate all our activities to a wider public. Now there is no way back. We have nothing to hide, it is what we are trying to show now and I think that this is the only way forward, " says Anders Olsson.

donations are mainly that the Academy has managed well through the years. It is the return from the donations as the prizes are awarded from, " answers Eric M Runesson.

It is not a question of the Nobel prize whose prize of approximately nine million come from the Nobel foundation. But every year, the Swedish Academy out of about 14 million in scholarships and prizes to including authors, translators and librarians.

Wouldn't the Academy be able to dish out more money, considering the large amount of money it has available? Hmmm, says Eric M Runesson, which refers to the so-called ändamålskostnaderna – the costs that can be attributed to the organization's mission, amounts to approximately 42 million.

– If you are going to have a realvärdesäkrad return who runs this whole circus on the 42 million, then it is required that you have some equity at the bottom. Otherwise, we eat up our existensbas, " he says.

the Academy after the scandal around the so-called kulturprofilen. It has not only caused a large förtroendeskada for the department, but also cost much money. In the report of board of directors is not the exact amount – but Eric M Runesson and Anders Olsson says that it is close to ten million sek for the advokatutredning made, as well as other legal consultations, and communication and consulting.

they will double the wages, salaries and pension costs the Academy has had to pay when Sara Danius left the service as a permanent secretary. Löneutgiften step, for example, with 1.2 million in 2018 compared to 2017.

crisis management has been costly for the institution, but don't think that the salary of the permanent secretary is particularly high sized.

" It's an exceptionally tough task, as a permanent secretary, not least for the circumstances that have prevailed the past year. We are discussing how it should look like in the future. We probably need to have a more realistic view of what is humanly possible on this record, " says Anders Olsson, which is planned to leave the post on 1 June.

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