The public annual report of the Endowment Fund Istoki reflects the difficult situation that the non-profit sector faced in the past year regarding the pandemic. Many foundations found themselves in a situation of funding gaps, thus were forced to have budget cuts and freeze projects.
The report shows the transformation of the fund’s approaches to digital communication channels. The pandemic year prompted the search for systemic solutions for NGOs that the Istoki Foundation could integrate to its new strategy. The entire second half of 2020 the fund’s team was immersed in preparing of the key project of 2021 – the digital accelerator of social projects “Become Visible”. It would be no exaggeration to state that without the pandemic and its challenges there would be no this project, no a new understanding of the role of the foundation in Russian philanthropy.
Read the full report here >>