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FEFU Endowment Foundation transfers 50 mln rubles of the Fundamental and Exploratory Research Endowment to VTB Capital Asset Management.
“Effective management of the endowment money is an important part of the work of the FEFU Endowment Foundation. Donations are transferred for management by the financial institutions with the goal of generation of revenues, which the university after consultations with the donors can later use for programs and projects that support physical infrastructure of the university, and enhance teaching and research,” says the Chairman of the FEFU Endowment Board Igor Osipov.
“Our company occupies the leading position among the asset management companies of Russia on the volume of the endowment funds’ assets under management. The total volume of assets under our management exceeds 5 bln rubles, which constitutes 33% of the market. The choice of VTB Capital Asset Management Company is a demonstration of a strong confidence that the clients have to our company,” says the Chairman of the Board of VTB Capital Asset Management Company Vladimir Potapov.
Endowment Foundation of the Far Eastern Federal University was established in 2011 with the purpose of raising donations from corporations and individuals to form the university endowments. So far, the FEFU Endowment Foundation has raised 189 million rubles.
FEFU Press Service,