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Special Endowment Fund Management for the Development of the State Hermitage Museum non-profit organisation was registered on 27 April 2011 to raise, use and distribute an endowment for the State Hermitage Museum according to processes stipulated by Russian legislation.
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The Endowment replenishes two target capitals in order to use different strategies and develop healthy competition. In 2011 as the result of a tender process ZAO Gazprombank- Share Managment was chosen as the fund manager. In 2017 the Capital No. 2 was raised and placed under management of TKB Investment Partners.
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At present this fund is the largest endowment fund for culture in Russia.
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Here you can get acquainted with:
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The fund was founded by State Hermitage Museum General Director Mikhail B. Piotrovsky, V. Î. Potanin and State Hermitage Museum (legal entity).
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