Abstract

The article performs the results of research, functioning and development of target capitals of non-profit organizations. An overview of legislative base, declaring an order of formation of formation of target capitals, participators of this process and conditions of work of target capital is provided. Analysis of statistic data allows the authors to make a conclusion that dynamics of quantity of target capitals remains the same during the last three years, at that the main volume of them belongs to the educational sphere. In the world practice, endowment can be completed by charity in the form of non-movable assets, stocks, objects of art, etc. In Russia the resolving list of charities into target capital was widened just with adoption of Federal Law ‘On introduction of changes in separate legislative acts of Russian Federation with regard of formation and using of target capital of non-profit organizations ’ of 21.11.2011 N 328-FZ. The article discussed the model of development of Russian target capitals (endowmnent-funds). Perspectives of their development and their problems are described. During the research it was suggested to divide the problems into two groups: absence of donors, ready to finance the strategic needs of non-profit sector, should be related to the first group, the second should include length of operation, which does not give an opportunity of solving the problem of receiver of financial funds in a short period of time. In the conclusion of the article, it is grounded that for the further development of target capitals in