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Kraftur emergency fund is intended to support young people diagnosed with cancer who have encountered financial difficulties due to their illness. The emergency fund is intended to cover costs that fall outside of co-payment as well as other loss of income that may occur due to the person’s illness.

The fund will be awarded twice a year, in April and November. The application deadline for the spring allocation is up to and including April 19, but October 1 is for the second allocation. A specific amount is not applied for, but the fund’s board will assess the need and determine the grant amount concerning the fund’s status. Application responses will be received no later than six weeks after the application deadline.

The following data must be sent with the grant application:
a. A recent medical certificate reflecting the current diagnosis or status of the illness.
b. Tax report for the last two calendar years. If the tax returns do not reflect the current financial situation, it is important to demonstrate this with other data.
c. Invoices for specified costs

Kraftur Emergency Fund was established on Kraft’s 15th anniversary on October 1, 2014. A benefit concert was held in Harpa concert hall on September 17, 2014, where money was collected for Kraft’s Emergency Fund, and the proceeds were about 2 million ISK, which went directly to the Emergency Fund. In addition, the fund received a handsome donation from Ásta Hallgrímsdóttir, former chairman of Kraft and widow of Atla Thoroddsen, who died of cancer.

During his illness, he kept a blog about it, which was later compiled into the book Diary of a Rockstar, published in 2009. The book was sold, and Ásta wished that the proceeds go to Kraftur Emergency Fund. On Kraft’s 15th anniversary, the company’s board of directors decided to honor Ásta by naming her the patron of the fund.