CAF welcomes Potanin’s decision to give all his wealth to charity


Alliance magazine


Vladimir Potanin,  the famous Russian businessman has decided to donate all his wealth to philanthropic purposes over the next ten years.

CAF has been working in Russia since 1993 playing an instrumental role in growing corporate and private giving, and has been partnering Vladimir Potanin in his philanthropic activities since he got involved in 1999.

Commenting on the announcement Olga Alexeeva, Head of Global Trustees at the Charities Aid Foundation said; ‘Vladimir Potanin was the first Russian entrepreneur to create a private foundation in Russian history. Now he becomes one of the first to donate his entire wealth to charity, following in the footsteps not only of Bill Gates but also Andrew Carnegie, Gerald Ford and other great entrepreneurs and philanthropists.

‘I have seen the impact his giving has already had in Russia. He set up the first major scholarship programme for Russian universities which has enabled thousands of students to continue their studies and his foundation runs a fantastic programme that saves Russian museums.  I hope other Russian entrepreneurs will follow.’

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Tagged in: CAF Russia Vladimir Potanin

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