About Garage Endowment Fund

About the fund How does the fund work Endowment Fund 1:
All programs Endowment Fund 2:
Academic Programs

Since 2019 the endowment fund accumulates donations from individuals and businesses to support the Museum’s activities in years (and even generations) to come.

Donations to the Endowment Fund are not used to support existing activities but to generate investment income that is used for the Museum’s development or may be reinvested.

Today Garage Endowment Fund is the third largest museum endowment in Russia.

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.

Donors

Individuals and legal entities

Garage

Uses the investment income for long-term support of the Museum’s programs

Donation

Financing

Endowment Fund

Accepts and accumulates donations without spending them

Transfers funds to the management company in order to receive income

Agrees the use of investment income

Asset management

Investment income

Management Company

Invests funds in the securities market

Receives investment income and directs it to the endowment fund

Target capitals

№1All programs

Endowment Fund 1 was created to support all areas of the Museum’s work. Investment income is spent on projects linked to the Museum’s collection and on public program events, as well as to support the work of the Library, Garage Archive Collection, Garage Studios and Artist Residencies at VDNKh, and Garage Screen. Investment income is also used to support publication of books and development of the Museum’s external projects.

Collection Garage Archive Collection and RAAN Garage Library Publishing Garage Studios Field Research Garage Research Laboratories Inclusive Programs Conferences Grants and stipends Garage Digital Garage Screen Station Radio The Narkomfin Building

Donate online Set up a regular donation

№2Academic Programs

Endowment Fund 2 was created to support academic activities at Garage. Investment income is used to support students on Masters programs in art history and museum studies and to provide paid internships.

Donate online Set up a regular donation