The Art, Science and Sport Charity Foundation has become one of the first donors to the Peterhof Endowment Fund

11 November 2011

The Art, Science and Sport Charity Foundation supported the Specialized Endowment Fund of the Peterhof State Museum Reserve.

The Peterhof State Museum Reserve is the first museum-reserve in Russia to have its own dedicated endowment fund. Endowment funds are created to ensure the stability and independence of museums and similar cultural facilities from the volatility of one-time donations.

An established endowment capital of the Peterhof Museum Reserve will ensure that the Museum can access long-term financial instruments and invest in innovative development. Income from the endowment capital will be used for the integrated development program of the Museum, including funding for the restoration of the historical monuments, sites of cultural heritage and natural beauty, all contained within the Peterhof State Museum Reserve.

The Peterhof State Museum Reserve is a monument to world architectural heritage, one of the most spectacular palace and park complexes. Built throughout 18th and 19th centuries, it is a former residence of Emperor Peter I, the founder of St. Petersburg.

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