Russian Philanthropist Profiled

January 26, 2011 at 9:52 PM Leave a comment

From previously unknown (to us) magazine RUSSIA!, we read a profile of Suleiman Kerimov and his foundation, which funds social projects in Russia and the donor’s native Dagestan. The article provides some background on the current state of philanthropy in Russia:

Today charity in Russia is growing together with the economy. According to the Russian Union of Industrialists and Entrepreneurs (RUIE), Russian businesses donate around 150 billion rubles ($5 billion, or around 0.4 percent of the GDP) to charity.

The authors show how different expectations are in our erstwhile Cold War rivals’ country:

A distinctive feature of Russian philanthropy is that it often replaces the government. Charities offer services that people should rightfully receive from the state, for example scholarships and health-care subsidies.

In America, you save for college. In Russia, college saves for you!

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Entry filed under: International.

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News about philanthropy and the charitable instinct

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