Corporate Foundations in Russia: Overview of the Sector

P. 149–166.

Krasnopolskaya I.

Corporate social responsibility (CSR) is not as new a phenomenon for Russia as it is considered to be. Despite the prevalence of CSR among Russian corporations and considerable budgets, the number of corporate foundations is limited to a few tens. This chapter develops explanations for a narrow prevalence of corporate foundations as a tool of CSR. The chapter is based on the available statistical information, corporate social reports and interviews with representatives of the corporate foundations. Three aspects are examined. The first is a statistical portrait of the subsector of corporate foundations: its size, funding models, payouts, projects being funded, etc. The second point is an institutional context: the current legislation on foundations and CSR, and the tax regulations. The third aspect to be covered is a hybrid role of corporate foundations, their operation in the social policy and the non-profit sector. The chapter concludes with a discussion on comparative advantages and weaknesses of corporate foundations in an emerging Russian market.

Keywords: Russia, institutional environment, Corporate Foundations

Publication based on the results of: ­­­The Features of Collective Memory as a Component of National Identity (the case study of collective memory among Russians living in small cities) (2020)

In book

Handbook on Corporate Foundation. Corporate and Civil Society Perspectives

Roza L., Bethmann S., Meijs L., von Schnurbein G. Springer, 2020.