Every second endowment fund in Russia operates in the field of education
October 13, 2025
On October 10, 2025, Stanislav Prokofiev, Rector of the Financial University under the Government of the Russian Federation, took part in a meeting on the development of trust funds and other forms of charitable support for educational and scientific organizations, chaired by Dmitry Chernyshenko, Deputy Chairman of the Government of the Russian Federation.
The meeting was attended by Deputy Minister of Science and Higher Education Andrey Omelchuk, Deputy Minister of Education Olga Koludarova, representatives of other ministries and departments, scientific organizations and university rectors.
In preparation for the meeting of Prime Minister Mikhail Mishustin, the Russian Ministry of Education and Science has formed seven working groups that are developing proposals to create tools to support universities by their graduates, improve the mechanisms for the formation and use of endowment funds (FCC) for educational organizations that solve current industry problems.
The results of their activities for three months were presented at the meeting. Thus, the groups developed proposals on support tools, conducted a survey among more than 100 successful and well-known graduates of 20 universities with large endowment funds, developed proposals on a list and methodology for collecting key indicators to assess the current state of endowment funds, and analyzed current legislation.
The meeting was attended by Deputy Minister of Science and Higher Education Andrey Omelchuk, Deputy Minister of Education Olga Koludarova, representatives of other ministries and departments, scientific organizations and university rectors.
In preparation for the meeting of Prime Minister Mikhail Mishustin, the Russian Ministry of Education and Science has formed seven working groups that are developing proposals to create tools to support universities by their graduates, improve the mechanisms for the formation and use of endowment funds (FCC) for educational organizations that solve current industry problems.
The results of their activities for three months were presented at the meeting. Thus, the groups developed proposals on support tools, conducted a survey among more than 100 successful and well-known graduates of 20 universities with large endowment funds, developed proposals on a list and methodology for collecting key indicators to assess the current state of endowment funds, and analyzed current legislation.
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President Vladimir Vladimirovich Putin instructed to submit proposals on the formation of tools for the support of educational organizations by their graduates, as well as on improving the mechanisms for the formation and use of endowment funds of educational organizations. According to statistics, every second endowment fund in Russia operates in the field of education – this is about 40% of all funds. Moreover, over 36% is accounted for by higher education. It is necessary to strategically expand the geography of funds, creating them not only in higher education, but also covering schools, vocational schools and scientific organizations.
Over 18 years, more than 400 FCCs have been created in our country with a total assets of over 155.5 billion rubles. In 2024, the volume of funds invested in the funds showed an increase of 8.6%, which indicates an increase in the level of confidence in this instrument of long-term financing of socially significant projects.
The Deputy Prime Minister added that Prime Minister Mikhail Mishustin instructed to work out proposals for additional measures to support the development of endowment funds in universities. In accordance with the instruction of the Ministry of Education and Science, the Concept of development of endowment funds of universities and scientific organizations for 2025-2035 and methodological recommendations have been approved.
The Deputy Prime Minister added that Prime Minister Mikhail Mishustin instructed to work out proposals for additional measures to support the development of endowment funds in universities. In accordance with the instruction of the Ministry of Education and Science, the Concept of development of endowment funds of universities and scientific organizations for 2025-2035 and methodological recommendations have been approved.
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Today, the Ministry of Education and Science, together with other departments, is actively working to increase the attractiveness and sustainability of endowment funds. It is very important for us that endowments in Russia are showing growth, and we are creating conditions for their further development. This work is based on extensive research involving more than a hundred experts. Based on market analysis and surveys, key challenges and draft solutions have been formed, which will be finalized. When developing measures, we focus on increasing trust and removing administrative barriers, including expanding tax benefits and promoting endowment funds. These steps will strengthen the financial stability of the funds and increase the efficiency of their activities.
The Enlightenment and Promotion Working Group conducted a survey among successful graduates of Russian universities to identify barriers and incentives for their participation in the formation and development of endowment funds of universities. He showed that 71% of graduates are aware of the concept of endowment funds, and almost half of the respondents - 45% – are ready to make regular small payments to support endowment funds.
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Stanislav Prokofiev, Rector of the Financial University, outlined key measures for tax and non-tax incentives for endowment funds. "Among such measures, according to the working group, there should be quick victories in the form of simplification of administrative procedures for the creation and administration of endowment funds based on boxed solutions, the creation of model documents designed to help small FCC register and get started."
Speaking about the medium-term perspective, Stanislav Prokofiev emphasized the need to improve legislation, as well as to ensure the flexibility and transparency of the FCC and expand investment tools.
More information is available on the Government's website.
More information is available on the Government's website.
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