Potanin Foundation tops Forbes’ list of charities
The Potanin Foundation ranked top of the Forbes’ list of charities
The Foundation has topped the Forbes charity rankings for the second year in a row.
The Vladimir Potanin Foundation created its own endowment fund last year. It is expected to reach 100 billion roubles over the next ten years. It is responsible for seven charitable programmes involving the Centre for Charity Development which conducts research and organises conferences and events for CSOs. There has been a 4.3 points increase in the Foundation’s ranking compared to the previous year.
The Elena and Genady Timchenko Charitable Foundation came second in the ratings, with the Safmar Foundation in third place. Fourth place went to the Absolute Help Foundation and the Arts, Science and Sports Foundation finished fifth.
The Forbes’ charity ratings were created in 2019 and include charities that are at least 50% funded by the Forbes’ list of richest businessmen and women. The rankings do not include fundraising charities and those that only fund one project and do not undertake a programme of activities.
The Potanin Foundation has said that the rankings and how they were compiled would be published in May’s issue of Forbes’ list.
Translated by Neil Hailey