Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)

Project Targeted Financing Sources: Russian Practice

Authors
E V Spiridonova, K V Trofimova
Corresponding Author
E V Spiridonova
Available Online 17 March 2020.
DOI
https://doi.org/10.2991/aebmr.k.200312.071How to use a DOI?
Abstract
Fundraising is becoming more commonly used as a way to raise money for project execution. Fundraising development on a qualitative level is proved by the increase in the usage of the program-targeted approach and the targeted support of separate projects or people. The state, business and people create charity foundations, which launch grant competitions. The list of the main foundations is quite impressive. It allows concluding that the representatives of the fundraising sources are ready to do systematic charity. This article presents a classification of funds by sources of funding and areas of support. The results of the analysis of the tender and accounting documentation are described. The general and specific criteria for selecting projects have been identified. The basic criteria allow making conclusions about the effectiveness of each project for the goals of the foundation, project implementability and reliability of the applicant. Specific requirements, determined by the contests from separate financing source categories (state, business, private persons), usually specify their main objectives. Specific criteria in separate project fields usually set the main indicators of their implementation. Mostly these indicators reflect the quantitative measures, by which the application and the expected results are assessed. Generalized recommendations for applicants for grant support have been given. Fundraising source may accelerate the project development, but it is better not to consider such source as the single most important one.
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Proceedings
International Scientific Conference "Far East Con" (ISCFEC 2020)
Part of series
Advances in Economics, Business and Management Research
Publication Date
17 March 2020
ISBN
978-94-6252-929-8
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.200312.071How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - E V Spiridonova
AU  - K V Trofimova
PY  - 2020
DA  - 2020/03/17
TI  - Project Targeted Financing Sources: Russian Practice
BT  - International Scientific Conference "Far East Con" (ISCFEC 2020)
PB  - Atlantis Press
SP  - 492
EP  - 500
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200312.071
DO  - https://doi.org/10.2991/aebmr.k.200312.071
ID  - Spiridonova2020
ER  -