Raimo Utriainen Art Foundation was established in 1993, to promote the art of the founder and to support the new Finnish sculpture in all its forms.
Since 2000, the Foundation has given grants to young sculptors. Up until 2008 one to two grants of 7000 Euros have been awarded by a two-person expert board representing established and active members of the sculpture scene. Since 2011 the grant has been 10 000 Euros. The board members serve for two years, with one position changing annually.