Vladimir Potanin Charitable Foundation

The Potanin Foundation is a non-profit grant-giving organization that has been implementing large-scale charitable programs in the fields of culture, higher education, social sports and charity in Russia since 1999.

History

2024: Value of net assets of the fund - 93.275 billion rubles

On February 3, 2025, the Potanin Fund shared with TAdviser the preliminary results of the endowment in 2024: the value of net assets in six target capital of the fund amounted to 93.275 billion rubles.

The fund's market assets were distributed in 2024 as follows:

• government and corporate bonds - 55.8%;
• deposits and cash - 27.4%;
• other assets and liabilities - 16.2%;
• shares - 0.6%.

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Фото: Vladimir Potanin Charitable Foundation

The amount of expenses of six management companies for the reporting year amounted to 14.8 million rubles. The total amount of remuneration of management companies is 137 million rubles. The profitability of management companies is in the range of 12.3-15.2%. For charity programs and projects in 2024, the fund withdrew 1,690 billion rubles from the income of targeted capital.

"In 2023 and 2024, we allocated 50.85% of the income received for 2022 and 2023 to support 4 thousand beneficiaries - people and organizations that devote their activities to creating a public good and contribute to the development of social well-being. As a result, hundreds of thousands of people receive direct assistance or new opportunities for professional growth and personal development, "said Oksana Oracheva, General Director of the Foundation.

The Fund adheres to a strategy of preserving and increasing capital based on portfolio diversification and a risk control system. Its assets consist of long-term strategic and market investments. Long-term strategic investments provide stable dividend payments and sustainable income. Thus, at the end of 2024, their share in the asset structure amounted to 81%, and market investments - 19%. During the operation of target capital, the share of market investments increased by 6% (compared to 2022).

In 2024, the fund received income from the trust management of market investments of six target capital before deducting remuneration to management companies in the amount of 1.864 billion rubles (829 million rubles more than a year earlier). Dividends from long-term strategic investments amounted to 4.713 billion rubles, which almost doubled the 2023 figure of 2.137 billion rubles. The increase in the market part of the endowment allows the fund to consistently plan financial activities and reduces dependence on market volatility.

"Our active work to develop a joint investment strategy with managers made it possible to cope with the main challenges of last year: rising interest rates, growing credit spreads. The market portion of the portfolio was mainly formed by very short duration bonds or floating coupon bonds; money market instruments; deposits. About 72% of the fund's market portfolio is assets with the highest credit rating (AAA), and the share of assets with a rating below AA does not exceed 3%, "said Vladimir Tsuprov, Advisor to the Director General of the Fund.

According to him, the fund is actively developing mechanisms to improve the quality of management. Fund management companies can compare their results, which stimulates their effectiveness and motivates them to achieve high performance. The investment policy adopted by the fund, access to leading specialists, regular meetings with managers, the use of limit statements and special reporting forms create a more transparent asset management system, contributing to the sustainable development of the endowment, added Vladimir Tsuprov.

2023: The fund's main source of funding

Since 2023, the main source of funding for the Fund has become revenues from targeted capital formed in 2022.