Non-profit organizations as the subjects of socio-economic development of the regions in the Volga Federal District (data taken from the Presidential Grants Fund)

• Published in: Vestnik Permskogo universiteta. Ėkonomika Vol. 18; no. 2; pp. 201 - 214
• Main Authors: Nekrasova, D. V., Mukhin, M. A., Urasova, A. A.
• Format: Journal Article
• Language: English; Russian
• Published: Perm State University 01.06.2023
• ISSN: 1994-9960; 2658-624X
• DOI: 10.17072/1994-9960-2023-2-201-214

Introduction. Recent decade, attention to the third sector of the economy has increased. Non-profit organizations which used to be companies with targeted assistance are increasingly becoming full-fledged subjects of socio-economic processes, partners of public authorities, and local self-government in solving socially significant issues. Their specialized activities make them a source of innovations in the social sphere, generate new options for solving various problems, and the chance to attract grant or charitable funds to solve such problems and to lower the burden on municipal and regional budgets. This actually turns out to be almost the only funding source for measures to address social problems at the deficit budget territories. Purpose. The article analyzes the capacity of non-profit organizations as a source of extra finding in the regions of the Russian Federation.Materials and Methods. The article refers to a statistical analysis of the 2017–2022 quantitative data by the regions in the Volga Federal District. Results. The study examined the practices followed by the non-profit organizations of the regions in the Volga Federal District in attracting the Presidential Grants Fund to implement socially significant projects in 2017–2022. Conclusion. Grants fund the non-profit organizations to implement socially valuable projects. This creates extra working places, solves socially important concerns in the territories, tests innovative mechanisms for solving public issues.