I have dedicated all my entrepreneurial life to philanthropy, and this is my conscious choice. Long ago, I made a decision that my fortune should work for the good of society. My Foundation has been implementing systematic projects since 1999. The pandemic 2020 year demonstrated the significance of ensuring the sustainability of organizations. Recent amendments to legislation have unequivocally combined philanthropy and endowments. I consider the endowment model to be a strategically important instrument not only for achieving long-term goals and implementing large-scale projects in education and culture but also for supporting socially important initiatives in Russia.

Vladimir Potanin

Endowment activity is regulated by the Law №275-FZ “On Procedure of Establishment and Use of Endowment for Non-Commercial Organizations” of 30 December 2006.

Vladimir Potanin about his approach to philanthropy