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PROBLEMS AND PROSPECTS OF FINANCIAL SUSTAINABILITY OF NGOS IN RUSSIA
Abstract
The social policy and social support are closely related to the development of the nonprofitsector of social services. The article deals with the problems of financialsustainability of NGOs in Russia. The main research method was expert interviews(N=72) in different Russian regions. The findings demonstrated that a significant part ofRussian NGOs is experiencing the financial problems. One of the most popular ways offinancial stability of the non-profit sector are grants, primarily from the President'sFund. Representatives of NGOs admit that there is forming a peculiar dependence ongrant support, therefore, organizations are actively discussing the possibilities ofdeveloping other sources of financial support. The alternative sources are subsidies fromregional budgets, the contracts with government for the provision of social services,donor donations, volunteer resources, and commercial activities. The commercialinitiatives, partnership with business are promising strategies for ensuring financialstability. In conclusion, it is noted that despite the high level of development of theRussian non-profit sector of social services during the last years, it still has to go furtherbuilding up human and social capital by organizations.
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