FINANCIAL MECHANISM OF CHARITABLE ORGANIZATIONS AND DIRECTIONS OF ITS IMPROVEMENT

The functioning of charitable organizations in modern economic conditions requires significant financial resources. Analysis of financial aspects of Russian charitable organizations and development of recommendations for financial mechanism improvement are aims of the paper. The main problem of the...

Full description

Saved in:
Bibliographic Details
Main Author: M. E. Kosov
Format: Article
Language:English
Published: Publishing House of the State University of Management 2019-10-01
Series:Вестник университета
Subjects:
Online Access:https://vestnik.guu.ru/jour/article/view/1728
Tags: Add Tag
No Tags, Be the first to tag this record!
_version_ 1832541844352794624
author M. E. Kosov
author_facet M. E. Kosov
author_sort M. E. Kosov
collection DOAJ
description The functioning of charitable organizations in modern economic conditions requires significant financial resources. Analysis of financial aspects of Russian charitable organizations and development of recommendations for financial mechanism improvement are aims of the paper. The main problem of the financial mechanism functioning of the Russian charitable organizations is, that the legislation refers to charity, target assistance to specific people and organizations in limited period of time. The regulatory framework should encourage the emergence of sustainable charitable institutions – organizations, which are committed to long-term work. To expand their capabilities, it is advisable for charitable foundations to implement projects, related to commercial activities, all profits from which will be directed to the working capital of the Fund for purpose of redirecting to charity.
format Article
id doaj-art-a7239bb483fb4cb2a8b12a8b4661af02
institution Kabale University
issn 1816-4277
2686-8415
language English
publishDate 2019-10-01
publisher Publishing House of the State University of Management
record_format Article
series Вестник университета
spelling doaj-art-a7239bb483fb4cb2a8b12a8b4661af022025-02-04T08:28:01ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152019-10-010915716510.26425/1816-4277-2019-9-157-1651499FINANCIAL MECHANISM OF CHARITABLE ORGANIZATIONS AND DIRECTIONS OF ITS IMPROVEMENTM. E. Kosov0Financial University under the Government of the Russian Federation; Plekhanov Russian University of EconomicsThe functioning of charitable organizations in modern economic conditions requires significant financial resources. Analysis of financial aspects of Russian charitable organizations and development of recommendations for financial mechanism improvement are aims of the paper. The main problem of the financial mechanism functioning of the Russian charitable organizations is, that the legislation refers to charity, target assistance to specific people and organizations in limited period of time. The regulatory framework should encourage the emergence of sustainable charitable institutions – organizations, which are committed to long-term work. To expand their capabilities, it is advisable for charitable foundations to implement projects, related to commercial activities, all profits from which will be directed to the working capital of the Fund for purpose of redirecting to charity.https://vestnik.guu.ru/jour/article/view/1728charitable organizationsfinancial mechanismtarget financinggrantsdonations
spellingShingle M. E. Kosov
FINANCIAL MECHANISM OF CHARITABLE ORGANIZATIONS AND DIRECTIONS OF ITS IMPROVEMENT
Вестник университета
charitable organizations
financial mechanism
target financing
grants
donations
title FINANCIAL MECHANISM OF CHARITABLE ORGANIZATIONS AND DIRECTIONS OF ITS IMPROVEMENT
title_full FINANCIAL MECHANISM OF CHARITABLE ORGANIZATIONS AND DIRECTIONS OF ITS IMPROVEMENT
title_fullStr FINANCIAL MECHANISM OF CHARITABLE ORGANIZATIONS AND DIRECTIONS OF ITS IMPROVEMENT
title_full_unstemmed FINANCIAL MECHANISM OF CHARITABLE ORGANIZATIONS AND DIRECTIONS OF ITS IMPROVEMENT
title_short FINANCIAL MECHANISM OF CHARITABLE ORGANIZATIONS AND DIRECTIONS OF ITS IMPROVEMENT
title_sort financial mechanism of charitable organizations and directions of its improvement
topic charitable organizations
financial mechanism
target financing
grants
donations
url https://vestnik.guu.ru/jour/article/view/1728
work_keys_str_mv AT mekosov financialmechanismofcharitableorganizationsanddirectionsofitsimprovement