The mission of the Endowment Fund “ISTOKI” is to strengthen the spiritual foundations of Russian societyand to improvemoral education based on the principles of Orthodox Christianity and honorable examples from Russian history and culture.
Endowment Fund “ISTOKI” was established to provide systemic support for fundamental institutions of civil society, such as family, responsible parenthood, volunteering, education and science, historical and cultural succession.
The Fund is one among the largest Russian endowment funds
Endowment Fund “ISTOKI” has allocated over 9 years to finance various programs
How the Endowment Fund operates
Donations are collected and transferred to the trust management who invest the donations in different financial instruments. The subsequent financial return is used to finance charity programs. Endowments help to ensure reliable support for the chosen areas and ease the need to depend on existing financing; as a result, the utmost social effect can be achieved.
The team of Endowment Fund “ISTOKI” includes experts from the financial and charity spheres. The key task for our team is to ensure effective management of the donations, using cutting-edge investment and financial mechanisms to preserve and multiply the endowment and as a result, securing sustainable financing for its social and publicly significant programs.
“Back in 2013, when facing another inter-crisis period, we contemplated the future and decided to establish ‘ISTOKI’ Specialized Endowment Fund. The Endowment Fund helped us overcome the uneasy years of 2014 and 2015 without any serious losses and we managed to keep our key programs, such as ‘Sanctity of Motherhood’, the contest for social journalism, medical expeditions called ‘The Frontiers of Russia’ and many others.”
The Fund’s Board of Trustees
The Board of Trustees of Endowment Fund “ISTOKI” is the body which supervises the Fund’s activities and ensures the Fund operates in compliance with the law. It defines the investment policy of the organization, monitors distribution of the return on the endowment and expenditure.