Vladimir Potanin Foundation confirms expertise

Vladimir Potanin Foundation confirms expertise

August 02, 2023

The organization topped the rating of charitable foundations according to Forbes Russia.

#ARCTIC. #SIBERIA. THIS IS TAIMYR. Forbes magazine released a rating of 20 private Russian charitable foundations in 2023. The first place in it was taken by the Vladimir Potanin Charitable Foundation.

The fund leads the Forbes ranking for the third year in a row. Second place in the 2023 ranking is occupied by Absolute Help Foundation; Art, Science and Sports Foundation is in third place.

The overall score of the Vladimir Potanin Foundation is 91.7, which is 4.8 points higher than last year. According to the criteria of openness, grant-giving activities and financial stability, the fund received the maximum expert ratings – 10, 10 and 2 points, respectively.

The past year has been a landmark one. In October 2022, Vladimir Potanin transferred the management of the fund to independent bodies. Thanks to Vladimir Potanin’s decision to transfer 47.5% of Rosbank’s shares to endowment funds, the fund became the owner of the largest endowment in Russia. Today, its budget is fully formed from endowment capital income.

“Recognition of experts and colleagues is, first of all, the foundation grantees and partners’ achievement, we together strive to contribute to the future of the country”, the foundation’s website says.

The Forbes Charity Ranking has been published annually since 2019. It includes funds that were established by participants in the Forbes list of the richest businessmen. The rating does not include fundraising funds and funds that finance only one project and do not conduct program activities. The 2023 ranking and its methodology are published in the July-August 2023 issue of the journal.

Earlier, the Potanin Foundation announced the start of accepting applications for the Practices of Personal Philanthropy and Altruism contest.

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Text: Marina Horoshevskaya, Photo: editorial archive

August 02, 2023

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