CREATION, DEVELOPMENT AND FUNCTIONING OF ENDOWMENT FUNDS AS A SOURCE OF FINANCING THE INTELLECTUAL ACTIVITY OF SUBJECTS OF BUSINESS

Petro Babii

Abstract


The article considers modern conditions of the development of the scientific space and proved that the educational system is a key factor that ensures socio-economic stability of the state, creates the basis for its intellectual and innovation and scientific and technological progress. It has
been established that integration processes in the world economic space serve as a balancer of economic globalization and an intellectual platform for the functioning and development of national socio-economic systems. It has been found that the lack of funding prompts higher education to find modern supplementary financing models. It is substantiated that multi-channel financing of education and science is a trend that is formed on budget and extrabudgetary sources.
It was investigated that the key position of extrabudgetary sources of funding is the creation of a trust fund to fund nationwide scientific and educational projects.

Keywords


endowment fund, extrabudgetary financing; human capital; target capital; fundraising

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References


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DOI: https://doi.org/10.35774/rarrpsu2017.22.149

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