Russia Profile - The Economics of Doing Good: "he Economics of Doing Good
By Anton Shirikov
Special to Russia Profile
New Law Helps Construct Endowments
The Russian government has begun a radical change of the laws that govern charitable contributions.
The Russian State Duma is considering a draft law to determine how non-commercial organizations can raise and use money, which would introduce into Russian legislation for the first time the concept of endowments - funds that are invested and finance programs from the interest they accrue. The bill, drafted by the Ministry of Economic Development and Trade, is the Russian authorities’ most important contribution to the charitable sphere in recent years."
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