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Возможности для Вашего Бизнеса

April 2011. Philosophy Endowment Fund: Key Features and Charity Products. Возможности для Вашего Бизнеса. PHILOSOPHY ENDOWMENT FUND. Endowment Funds in Russia. Endowment Funds in Russia are non-for-profit organizations ( according to Federal Law No. 275- FZ dated December 30, 2006 ).

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Возможности для Вашего Бизнеса

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  1. April 2011 Philosophy Endowment Fund: Key Features and Charity Products Возможности для Вашего Бизнеса

  2. PHILOSOPHY ENDOWMENT FUND Endowment Funds in Russia Endowment Fundsin Russia are non-for-profit organizations (according toFederal Law No. 275-FZ dated December 30, 2006) As of March 2011,about 50endowment funds have been established: - More than 50% of endowment funds are universities endowment funds, with the largest of them being: Moscow State Institute of International Relations (University) of the Ministry of Foreign Affairs of the Russian Federation (RUR 630 million), FoRSENO (for Russian Presidential Academy of National Economy and Public Administration and Gaidar Institute for Economic Policy, RUR 380 million), and others; - There are also endowment funds in the sphere of culture and art (for Hermitage, Pushkin Museum), health care, sports and social help Assets of all Russian endowment funds are about RUR 3 billion The founders are usually individuals, non-profit organizations or companies

  3. PHILOSOPHY ENDOWMENT FUND Philosophy Endowment Fund The Goals of the Philosophy Endowment Fund: • The Fund has been established exclusively for forming endowments and distribution of the income from endowments in favor of: • non-profit organization Moscow-Petersburg Philosophy Club; • faculties of philosophy of Russian universities; • the Institute of Philosophy of the Russian Academy of Sciences Date of state registration of the Philosophy Endowment Fund: March 18, 2011 Director of the Philosophy Endowment Fund – Galina Arkadievna Volskaya

  4. PHILOSOPHY ENDOWMENT FUND Founders and Members of the Board of Trustees of the Philosophy Endowment Fund • Individuals: • Abdusalam Abdulkerimovich Guseinov – Director of the Institute of Philosophy of the Russian Academy of Sciences, DSc in Philosophy, Professor, Academician of the Russian Academy of Sciences • Alexander Vladimirovich Zakharov – Chairman of the Board of Trustees of Moscow-Petersburg Philosophy Club, Vice President of the Chamber of Commerce and Industry of the Russian Federation, PhD in Economics • Yakov Moiseevich Mirkin – Head of International Capital Markets Section of the Institute of World Economy and International Relations of the Russian Academy of Sciences, Chairman of the Board of Directors of Eurofinansy Investment Company (OJSC), DSc in Economics, Professor • Vladimir Vasilievich Mironov – Dean of the Faculty of Philosophy of the Moscow State University, Correspondent Member of the Russian Academy of Sciences, DSc in Philosophy, Professor • Alexey Mikhailovich Rutkevich – Dean of the Faculty of Philosophy of the National Research University Higher School of Economics, DSc in Philosophy, Professor • Yuri Nikiforovich Solonin – Head of the Department of Culturology of the St.Petersburg State University, Member of the Council of Federation of the Federal Assembly of the Russian Federation, DSc in Philosophy, Professor • Vyacheslav Semyonovich Stepin – President of the Russian Philosophical Society, Honorary Director of the Institute of Philosophy of the Russian Academy of Sciences, DSc in Philosophy, Professor, Academician of the Russian Academy of Sciences • Legal entity: • Non-profit organization Moscow-Petersburg Philosophy club (hereinafter, the Club)

  5. PHILOSOPHY ENDOWMENT FUND Potential Donors of the Philosophy Endowment Fund Fundraising among medium and large businesses and individuals (including graduates from faculties of philosophy of universities and academic institutes) Graduates Business Other individuals Foundations and other non-profit organizations, etc

  6. PHILOSOPHY ENDOWMENT FUND Philosophy Endowment Fund: Working Scheme Donors Donations (monetary only) 2 Donations received Philosophy Endowment Fund “EUROFINANSY” Asset Management Company (Fund constructor) 3 1 4 Investment income 5 Income from the endowment Moscow-PetersburgPhilosophy Club Faculties of Philosophy of Russian universities The Institute of Philosophy of the Russian Academy of Sciences • 1. Establishment and registration of the Philosophy Endowment Fund • 2. During one year, the Philosophy Endowment Fund should raise money to form an endowment (the minimum volume of endowment is RUR 3 million) • 3. The Philosophy Endowment Fund transfers donations received to EUROFINANSY Asset Management Company • 4. EUROFINANSY Asset Management Company transfers investment income to the Philosophy Endowment Fund • The Philosophy Endowment Fundtransfers the income to recipients

  7. PHILOSOPHY ENDOWMENT FUND Governance Structure of the Philosophy Endowment Fund Founders • Foundation of the fund • Initial election of the members of the Governing Board Board of Trustees Governing Board is the supreme governing body • Amends the Charter • Initiates forming the endowment and determines its goals • Forms the Board of Trustees • Approves the financial plans, reports of the fund (may include fund’s representatives, income recipients, donors (if the donation share is more than 10% of the endowment) (new members of the Governing Board are admitted upon the decision of the Governing Board) • Determines how to distribute investment income from the endowment unless this is determined by the donor • Responsible for the operations of the fund Director of the Fund Appointed by the Governing Board

  8. PHILOSOPHY ENDOWMENT FUND EUROFINANSY Asset Management Company Profile • EUROFINANSY Asset Management Company (OJSC): • is a member of EUROFINANSY Investment Group • RUR 3.65 billion assets under management, including assets of compensation funds of self-regulated organizations (RUR 326 million) • participates in construction and asset management of endowment funds (e.g. Endowment Fund for National Science and Technology University “MISIS”) • has developed a construction and asset management technology for endowment funds in Russia (Guidelines for Russian Endowment Funds) Official websites: • www.uk.eufn.ru • www.eufn.ru

  9. PHILOSOPHY ENDOWMENT FUND Key Figures of the Philosophy Endowment Fund (2011-2013) Endowment value RUR 200 – 300 million Annual income for recipients ~RUR 20 – 30 million Approximate rate of return – 10% • Fund raising is performed by the Philosophy Endowment Fund and income recipients 9

  10. PHILOSOPHY ENDOWMENT FUND Advantages of the Endowment Fund – Tax Benefits 10

  11. PHILOSOPHY ENDOWMENT FUND The procedure for using the income from the endowment is determined by the financial plan of the fund Donations Endowment Income from the endowment* Philosophy Endowment Fund Moscow- Petersburg Philosophy Club Faculties of philosophy of Russian universities and Institute of Philosophy of the Russian Academy of Sciences Projects on philosophy development in Russia (e.g. for A.F. Losev House, etc.) • - consists of the investment income and a portion of the propertyconstituting the endowment (the property amounting to not more than 10% of the balance sheet value may be spent during one year) 11

  12. PHILOSOPHY ENDOWMENT FUND Philosophy Endowment Fund Mission • Financing research in philosophy, preserving and developing scientific schools • Developing the resource base for university faculties of philosophy and academic institutes • Supporting public, free-of-charge information resources in the area of philosophy 12

  13. PHILOSOPHY ENDOWMENT FUND Charity products of the Philosophy Endowment Fund The donor may donate to replenish the created endowment or to create a separate (“named”) endowment of the Philosophy Endowment Fund Donations are made on the basis of a donation agreement(there may be standard or individual conditions depending on donor’s interests) 13

  14. PHILOSOPHY ENDOWMENT FUND Proposed Charity Products of the Philosophy Endowment Fund • Research Program: • financing scientific conferences, contests, projects, including named programs • grants for research, named scholarships, etc. • Philosophy Publications Program: • publishing book series in philosophy and philosophy journals • Philosophy Library Program: • named libraries for university faculties of philosophy and the Institute of Philosophy of the Russian Academy of Sciences • creating a special philosophy website, etc. 14

  15. PHILOSOPHY ENDOWMENT FUND Proposed Charity Products of the Philosophy Endowment Fund • Named Lecture Rooms Program: • renovating and equipping lecture rooms, etc. • Philosophy Education Program: • named scholarships, grants to students, teachers • financing educational projects and programs • Alma Mater Program – support for: • Institute of Philosophy of the Russian Academy of Sciences • Faculty of Philosophy of the Moscow State University • Faculty of Philosophy of the National Research University • Higher School of Economics • Faculty of Philosophy of the St. Petersburg State University 15

  16. PHILOSOPHY ENDOWMENT FUND Philosophy Endowment Fund – to donors Register of benefactors (as desired) Disclosure of information in the mass media (as desired) Honorable plaques and diplomas for donors, memorial gifts, etc.; solemn ceremonies for giving honorable plaques and diplomas Membership in the Moscow-Petersburg Philosophy Club Named lecture rooms, libraries, contests and projects Named scholarship and grant funds 16

  17. PHILOSOPHY ENDOWMENT FUND Disclosure of Information on the Philosophy Endowment Fund 17

  18. PHILOSOPHY ENDOWMENT FUND Official Website of the Philosophy Endowment Fund www.moscowphilosophyfund.ru фондфилософии.рф About the Fund Documents of the Fund Endowment management • - Founders • Governing Board • Board of Trustees • Director • Documents • Contacts, details • Charter • Registration documents • Reports • Financial plans • Accounts • Minutes and other documents • Auditor’s reports • Information on the • asset management company • Fund’s Investment policy Charity products of the Fund Projects and events of the Fund Donors • List and description of • charity products • Donation agreements • Contests • Projects and programs • Conferences, etc. • Register of donors 18

  19. PHILOSOPHY ENDOWMENT FUND Examples of Projects of the Club and Its Partners “The State as a Work of Art” (contest of philosophy and legal works) 2010 • Participants: young people below 35 years of age – students, postgraduates, young scientists of universities and academic institutes • Received 50 works from 20 regions of Russia • 6 winners and 10 participantsrecommended for publication • Results: • diplomas • money bonuses • 16 publications(in a special collection of works and appendix to the Socrates philosophy journal) • posting softcopies of the works 19

  20. PHILOSOPHY ENDOWMENT FUND Examples of Projects of the Club and its Partners “Rule-of-law State and Constitutional Economics” (philosophy legal contest) 2011 • Participants: young people below 35 years of age – students, postgraduates, young scientists of humanitarian universities and academic institutes • Expected results: • diplomas • 7 money bonuses • publications (in a special collection of works and appendix to the Socrates philosophical journal) • posting softcopies of the works 20

  21. PHILOSOPHY ENDOWMENT FUND Examples of Publication Projects of the Club and Its Partners Socrates Modern Philosophy Journal April 2011 – Issue 3 21

  22. PHILOSOPHY ENDOWMENT FUND Examples of Publication Projects of the Club and Its Partners The State as a Work of Art: 150th Anniversary of the Concept (2011) Philosophy of Law at the Beginning of the 21st Century through the Perspective of Constitutionalism and Constitutional Economy (2010) Roerich Pact in the 21st Century (2010 ) Constitutional Economics (2010) Religious Philosophy Society in St.-Petersburg (Petrograd)(in 3 volumes, 2009) Constitutional Economics for Schools. Schoolbook (2006) 22

  23. PHILOSOPHY ENDOWMENT FUND THANK YOU FOR YOUR ATTENTION! 23

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