The Art, Science and Sport Charity Foundation donated to the endowment fund of MISiS

The Art, Science and Sport Charity Foundation of Alisher Usmanov donated 100 million roubles to the endowment fund of the National University of Science and Technology MISiS. The total capital of the endowment fund increased to 230 million roubles in total.


With this increase the endowment fund of MISiS could get into top 10 endowment funds of Russian universities by the capital value. At the same time the Art, Science and Sport Charity Foundation became one of the biggest donators on the national level. The fund is administered and managed by “Gazprombank Assets Management”, also being the partner of the MISiS fund.

Mr. Usmanov considers “the donation to the university as investments to strengthen the competitiveness of the Russian education and science”. “The quality of education and scientific research is a key to future success of the country. Thus, educational and scientific projects, especially in such close to me field as mining and casting, are of great priority for me” — he said.

According to Alevtina Chernikova, the rector of the university, the annual income will be allocated for support talented students and develop the infrastructure of the university. Moreover, the university celebrates one hundred’s anniversary in 2018. So, the donation of the Art, Science and Sport Charity Foundation earmarked the first fundraising campaign of the anniversary year.

The endowment fund of MISiS was established in 2011. Its main goal is to support scientific and educational breakthrough initiatives. The Art, Science and Sport Charity Foundation, established in 2006, supports in organisation of socially important activities in such fields as art, culture and sport, as well as assists in scientific, educational and social projects.


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