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Polytechnic University's Charity Marathon Raises Funds for University Development Endowment Fund

Strategic Insights

— 1 min read

The Peter the Great St. Petersburg Polytechnic University has a long-standing tradition of charity, which has been celebrated annually on the International Day of Charity "Giving Tuesday" for 8 years. This year's charity marathon aims to raise funds for the University Development Endowment Fund, with a goal to collect 125 million rubles by the end of 2024 and 300 million rubles by 2030. The endowment fund is a trust fund that invests its assets to generate income, which is then directed towards scientific, educational, and social projects. The fund has already allocated over 9 million rubles to university development projects over the past 11 years, with 40% supporting students and staff, 40% supporting student research projects, and 18% going towards infrastructure projects.

Key Takeaways:

  • The Polytechnic University's charity marathon aims to raise funds for the University Development Endowment Fund, with a goal to collect 125 million rubles by the end of 2024 and 300 million rubles by 2030.
  • The endowment fund has a current target capital of 93 million rubles, which has been accumulated over the years with the support of donors.
  • The income generated from the trust management of the foundation's assets has allocated over 9 million rubles to university development projects over the past 11 years.
  • Of the income, 40% has been allocated to support students and staff, 40% to support student research projects, and 18% to infrastructure projects.
  • The charity marathon will run from November 28 to December 7, with participants able to choose from five different target capitals to donate to.
  • Philanthropists who make large donations will be honored as part of the university's 125th anniversary celebrations.

Statistics:

  • 93 million rubles: current target capital of the University Development Endowment Fund.
  • 9 million rubles: income allocated to university development projects over the past 11 years.
  • 40%: percentage of income allocated to support students and staff.
  • 40%: percentage of income allocated to support student research projects.
  • 18%: percentage of income allocated to infrastructure projects.
  • 125 million rubles: goal to collect by the end of 2024.
  • 300 million rubles: goal to collect by 2030.

Sources:

  • Peter the Great St. Petersburg Polytechnic University
  • University Development Endowment Fund
  • International Day of Charity "Giving Tuesday"

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