MIL-OSI Russia: “Eternal Deposits”: Development of Endowments in Russia Discussed at Polytechnic University

Translation. Region: Russian Federal

Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

The Peter the Great St. Petersburg Polytechnic University hosted the Eternal Deposits Assembly and the Endowment EXPO exhibition, organized by the National Endowment Association with the support of the Ministry of Science and Higher Education of the Russian Federation.

The plenary session was opened by the Vice-Rector for Youth Policy and Communication Technologies of SPbPU Maxim Pasholikov.

“The topic of endowments is in demand now, in recent years we have seen its rebirth, and the issues that the National Endowment Association raises, initiating various sessions and events, certainly influence the development and promotion of endowments,” Maxim Aleksandrovich noted in his welcoming speech. “These issues are related to motivational co-financing, and to the attraction of state corporations, and to the involvement of society as a whole in charity. I think many of you will agree that there is romance in the topic of endowments, because we are talking about eternal capital, about the fact that the result may appear not in a year or two, but in fifty or a hundred years, and our descendants will receive it. That is why our business seems so romantic and especially valuable to me.”

Svetlana Lavrova, Chairperson of the Board of the National Endowment Association, agreed that there is a certain romanticism in the fact that an endowment, on the one hand, is important for the financial market, and on the other hand, it supports the non-profit sector, ensuring its sustainability and independence.

“The financial sector is interested in finances, and the beneficiaries of all this are simply people,” Svetlana Nikolaevna explained. “The development of endowments balances the interests of business and society.”

Director of NAE Alexey Anisin presented statistics on the endowment industry for 2024 and the dynamics of its development since 2011. Targeted capital is created to support universities, schools, sports associations, and cultural institutions. Today, there are already 407 of them, 360 are registered, and the volume of funds in endowments, according to management companies, amounted to 155.5 billion rubles.

Alexey Anisin noted that this year the number of Assembly participants and partners has increased significantly: We held the First Assembly “Eternal Deposits” in 2023. Last year we decided to make exhibition “Endowment EXPO”. We invited not only endowment funds, but also management companies, universities, schools, museums. We realized that those people who, especially in the regions, are engaged in this topic, lack a community, communication, because if in Moscow, in St. Petersburg there are many endowments, there is a certain professional circle where people communicate, then in the regions it is much more difficult. The industry itself is not yet sufficiently represented in the media field. An important function of such an exhibition is to tell the widest possible circle of people, including donors, about the endowment.

The plenary session was also attended by the co-founder and president of the Rybakov Foundation Ekaterina Rybakova, the general director of the Potanin Foundation Oksana Oracheva, the director of the Federal Center for Cultural Heritage Our Norilsk, and a member of the board of the National Association of Ecologists Anna Makukha.

On the first day of the assembly, discussions were held on the tracks “Basics and Reviews”, “Consultations and Special Events” and “Special Sessions”, where participants discussed issues of investing and developing endowments in various fields.

Maxim Pasholikov, Vice-Rector for Youth Policy and Communication Technologies at SPbPU, gave a presentation at the “University Endowment Review” track. He shared his experience of attracting funds to the Polytechnic’s endowment funds (there are currently six of them), and then the audience exchanged examples and ideas for filling their endowments. Maxim Pasholikov separately said that since this year, the monitoring system of the Ministry of Education and Science’s “Priority-2030” program has included an indicator of the effectiveness of attracting funds to endowment funds, so the universities participating in the program have an additional incentive to develop alumni communities, partnerships and other mechanisms for increasing endowment funds.

At the end of the first day of the Assembly, the winners and prize winners of the Eternal Contribution Prize were awarded. The ceremony was hosted by Associate Professor of the Higher School of Law and Forensic Science of the Humanitarian Institute of St. Petersburg Polytechnic University, winner of the competition and recipient of the Eternal Contribution-2022 Prize Artem Klinitsky.

In 2025, the special prize of the organizing committee of the award was received by a team of authors, which included Doctor of Historical Sciences, Professor of the Higher School of International Relations and the Higher School of Social Sciences of the Humanities Institute of SPbPU Ilya Sidorchuk, Doctor of Historical Sciences, Professor of St. Petersburg State University Evgeny Rostovtsev and a student of the Humanities Institute of the Polytechnic University Svetlana Danilova.

The study by the co-authors is dedicated to the Society for Assistance to Students of the Imperial St. Petersburg University and the importance of endowment capital in its activities.

“The society was founded in 1873 and up until the revolution it successfully coped with its tasks,” said Ilya Viktorovich. “We came to the conclusion that there were many ways to support the society and raise funds, for example, membership fees, charity concerts. But, as practice has shown, the most effective was the use of perpetual deposits. It was thanks to them that it became possible to implement such projects as the construction of a sanatorium in Yevpatoria and the organization of a student canteen, which fed many needy young people for free.”

“As they said today on one of the tracks, time goes by, but many students are still forced to look for money for clothing, food, housing, education, especially in the humanities, where there are fewer and fewer budget places every year,” added Svetlana Danilova. “That is why our work is relevant, and this historical experience can be useful.”

Photo archive

Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

MIL OSI Russia News