CONSEQUENCES ESTIMATION OF INTRODUCTION OF THE SPECIAL-PURPOSE CAPITAL IN THE ACTIVITY PRACTICE OF RUSSIAN NONCOMMERCIAL ORGANIZATIONS

Abstract

With the adoption of the Federal Law “About the Order of Formation and Use of the special-purpose capital of noncommercial organizations № 275-FL on 30.12.2006, the new stage in the development of Russian charity was opened. The law defines the order and conditions of creation and replenishment of the special-purpose capital, terms of its formation and restriction on its use at the legislative level. Target capitals are a hot theme of the recent years. The philanthropy history describes surprising precedents of multi-million donations in the special-purpose capital of the largest charitable organizations, medical and scientific centres, and universities. However, such generosity does not refer to the majority of the charitable organizations. Very often chief executives and directors of NCO lose their bearings about the specific goals of this or that large contribution -the charitable program, organization development, endowment or other purposes. Many of them do not even suspect that it is the endowment that provides all possibilities for NCO to develop and prosper, and that it is not simply desirable, but even obligatory under today's economic conditions. The article is devoted to the study of the problems of the special-purpose capital creation which is an additional source of financing of noncommercial organization activity. The conclusion is made that noncommercial organization, which has generated the endowment fund, receives a stable and long-term source of financing of the authorized activity. Consequences estimation of introduction of the special-purpose capital for the Russian noncommercial sector is specially underlined.