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Endowment Fund FEFU in 2017g increased to 439 million rubles - EastRussia | Far East

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The endowment fund of the FEFU in 2017g increased to 439 million rubles

The FEFU Trust Fund's activities received a positive assessment of the Board of Trustees at a meeting in the presidential administration, the fund's assets in 2017 increased to 439 million rubles, the university's press service said on Friday.

"The first two or three years we all worked together to accumulate endowment assets, attract partners and deposits, form projects that are interesting both to the university and the business community. Today, the first real projects are being implemented, financed from the income from the deposits of large companies. Five schools of the FEFU - the School of Engineering, the School of Natural Sciences, the School of Humanities, the School of Economics and Management, the School of Biomedicine, have already become the recipients of funding. We are talking about scientific grants, equipping laboratories, new educational and scientific programs, systemic work on partner projects together with the real sector of the economy, business, with its most active participation and transparent control, "the chairman of the fund Igor Osipov said in the message.

As reported with reference to the management of the fund, in 2017, income from investor funds began to work on the development of the university. If in 2016, the foundation transferred 1 million rubles to the university, then in 2017, 16,6 million rubles were invested in educational and research projects of the university. From the income from deposits of VTB received in 2017, the fund allocated three pilot grants for 1,5-2 million rubles. for fundamental and exploratory research of young FEFU scientists. Based on the experience gained, the grant competition for basic research in the 2018 year will be expanded. The income in 2 mln. Rubles, received from the contribution of ATB, is aimed at financing the Research Center for the demographic development of the Far East. At the same time, the endowment fund and RusHydro allocated the first 2 million rubles. to equip engineering laboratories. 6 million rubles. due to the contribution of "Aeroflot" it is directed to the scientific development of functional nutrition on board the aircraft. The second year successfully continues the implementation of the project "Center for tutor competencies SUEK." The opportunity to support the “50” micro grant competition of the FEFU Business Support Center in 2018 is being actively discussed.

According to the forecasts of the management of the fund, in 2018, investments in the university will grow, according to the financial plan approved by the trustees, almost 30 mln. The new agreements that were reached during the year will also allow for increased revenues to the endowment and launch of new joint research and educational projects. This year, the first steps have been taken in collaboration with the largest representatives of foreign business, who have been working in Russia for many years - the pharmaceutical company Merck Group and the gold-mining Kinross Gold.

The FEFU target capital fund was established to attract long-term contributions and donations from individuals and corporations. The fund creates target capital through donations and transfers these funds to the management company in trust for income, which is sent annually to the university for the implementation of its programs and projects.