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Charity
267 museum
projects in Russia have received support from the Vladimir Potanin Foundation
Vladimir Potanin became one of the first businessmen in Russia to join Bill Gates’ and Warren Buffet’s global initiative, and in February 2013 took the Giving Pledge.

Giving Pledge FAQ

What is a Giving Pledge?
  • A Giving Pledge is a promise by a businessperson to give at least a half of his wealth to philanthropy at some point in the future.
  • The Pledge is a public moral commitment with no legal or financial consequences.

Must a businessperson transfer his funds somewhere once they have given the Pledge?
  • No. The Giving Pledge is neither a fund nor a bank account.
  • A business person continues his own philanthropic endeavors after he has taken the Pledge.
  • A business person is free to choose the time and the format of charitable wealth transfer.

Will Vladimir Potanin introduce changes to his philanthropic work now that he has signed the Giving Pledge?
  • No, the work will continue within the current understanding that Vladimir Potanin will direct most of his wealth to philanthropic causes. The mechanisms and formats to ensure long-term effective sustainability of the framework are currently under development.
  • The participation in the Giving Pledge initiative does not change any earlier decisions regarding philanthropic use of the capital. The Pledge creates no additional legal or financial obligations on Vladimir Potanin.

Where and how do Vladimir Potanin’s philanthropic programs get implemented?
  • More than 90% of Vladimir Potanin’s charitable projects, like 90% of his business ventures, have taken place in Russia, and will continue to do so. The transfer of his wealth to charity will not change that.  
  • The philanthropy funding mechanism is nothing out of the ordinary. A portion of the profits from business ventures is reinvested, and a portion is used to fund the Vladimir Potanin Foundation’s programs, as well as a number of Vladimir Potanin’s personal philanthropic projects.
  • The funding of Foundation’s programs and of the Vladimir Potanin’s personal charitable projects has been increasing steadily.

Additional information
  • 105 businesspeople from the USA, Russia, Ukraine, Great Britain, Germany, Australia, India, South Africa and Malaysia have taken the Giving Pledge. 
  • The initiative was founded by Warren Buffett and Bill Gates in June 2010 in order to prompt high net-worth individuals and their families to donate most of their fortunes to philanthropic causes.
  • Giving Pledge initiative participants include Michael Bloomberg, David Rockefeller, and George Lucas, who implement a large number of charitable projects in education, healthcare, medical research, social services and the environment, among others. 
  • The main idea behind making a public announcement about the transfer of most of one’s wealth to charitable causes is to draw more people into philanthropy and to increase funding of charitable programs. 
  • The initiative fosters an open dialogue about philanthropy without calling for or demanding to collect funds for specific causes or organizations. 

Press Center
Researchers compared the 300 most affluent business people and upper-level managers in the largest companies in Russia, both state-owned and private. The ranking was compiled based on the number of mentions in Russia’s main media outlets between January 1 and December 31, 2016; additionally, researchers analyzed print material from 100 leading foreign newspapers and magazines.  Both Forbes and the readers selected Vladimir Potanin as an Entrepreneur with a track record of achievement in large-scale projects that benefit society.
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News
The “KOLLEKTSIA! CONTEMPORARY ART IN THE URSS AND RUSSIA 1950-2000. A MAJOR DONATION” exhibition opened at the Pompidou Center on September 13, 2016. A collection of Russian art of the second half of the20th century, unprecedented in scope, was initiated by and assembled with the active participation of the Vladimir Potanin Foundation, and in close cooperation with philanthropists, art collectors, and artists. Under a joint project of the Vladimir Potanin Foundation and the Pompidou Center, the Center became the owner of one of the best collections of Russian and Soviet modern art for the period from 1950 to 2000.
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In 2011 Vladimir Potanin made a donation to the Kennedy Center for the Performing Arts to celebrate the Center’s forty year anniversary. As a result of the collaboration between the Foundation and the Center with the support of the Embassy of the Russia to the US a reconstruction of the largest Lounge of the Center took place.
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Events
Vladimir Potanin Foundation was places seventh in the list in terms of the budget size with a budget of 336.5 million rubles in 2014.
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This year the Foundation received 419 applications from different Russian museums. The expert council selected winners in 18 nominations. In 2016, «Museums and Museum Community» nomination became the most popular category among Russian museum professionals, with almost 160 application received.

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News
This year the biggest program of the charity foundation that supports innovations in Russian museums celebrates 10-year anniversary. Grants, which are given on competitive ground, are supposed for museum projects that drive new information technologies to expositions, promote museum programs via internet, provide equal opportunities for different audiences, make contacts with other museums, local businesses, authorities and organizations from different fields. Contestants have the opportunity to study, get career growth, share the experience with colleagues from different regions.
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