Vladimir Potanin Foundation receives approx. €1.2 billion endowment

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The founder of the Vladimir Potanin Foundation has announced plans to create an endowment worth 100 billion rubles (approx. €1.2 billion) for the foundation over the next 10 years.

Since the adoption of the new strategic vision of the foundation in 2016, the Foundation’s activities have scaled up significantly and its budget has grown by 458%. The endowment will seek to support the continuation of these activities long into the future.

Vladimir Potanin announced the news as a means towards creating 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”.

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