Garage Endowment Fund is designed to provide the Museum with financial stability and to contribute to the making of Museum’s collection, education, inclusive, research, and publishing projects.
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Size of Garage Endowment Fund
Endowment Fund
№1All programs
Support all of the Museum’s programs
№2Academic Programs
Support Garage academic programs
How does the endowment fund work
Unlike the funds in the Museum’s bank accounts, endowment fund money is not spent on current activities. It is used exclusively to generate investment income, which then finances Garage projects or is reinvested.
Unlike the funds in the Museum’s bank accounts, endowment fund money is not spent on current activities. It is used exclusively to generate investment income, which then finances Garage projects or is reinvested.
In accordance with article 219 of the Tax Code of the Russian Federation
Charitable donations made by individuals who are tax residents in Russia are deductible at year end. All donations are tax deductable up to 25% of personal annual income.