TARGET CAPITAL (ENDOWMENT FUND) AS FUNDING SOURCE OF UNIVERSITY INTELLECTUAL POTENTIAL
The article analyzes the problem of creating target capitals in the Russian Federation. It compares the target capitals with endowment funds of foreign universities; describes the largest endowment funds in the world; considers incomes and expenditures of Russian and foreign universities; shows the factors influencing donation attraction in endowment funds; and analyzes the main obstacles preventing Russian target capitals from full-scale development.