Temporarily unused funds were transferred to a bank deposit. 23 additional scholarships were paid from that extra income.
Viktor Shkolnikov left the Board of Foundation and Dmitry Zubtsov entered it.
Since total funds (in Russian rubles) suffered a small decrease, the total number of scholars was lowered down to 340.
According to the new Charitable Program we have two separate contests: for low-income and for successful students.
The updated Articles of Association generally describes the scholarships criteria. The details of criteria and distribution mechanism are now described in Charitable Programs that are approved every year. Moreover the Articles of Association increased the role of Board of Guardians in Foundation supervision.
The Board of Guardians desided to include Alexander Frolov, the Founder, as a member.
It was decided to distribute the scholarship only by low-income criteria.
Deans offices made decision on scholarships before. To elaborate a common approach the Foundation starts to make the distribution itself.
Considering the upcoming changes to the Articles of Association the Board of Foundation decided to allow international students take part in the contest.
Considering the upcoming changes to the Articles of Association the Board of Foundation decided to award a scholarship for a period of one term.
Yury Volkov was appointed as a new General Director of the Foundation.
After the audit control scholarships are awarded for a year. In strict compliance with Articles of Association and Provision.
The audit control banned international students from scholarships awards.
Only Russian citizens could be awarded the scholarships before.
Total number of scholars was also increased. We distributed 600 scholarships!
The Foundation organized the audience of the Founder Alexander Abramov with MIPT students. Campus newspaper ZaNauku wrote an article on that visit.
We increased the number of distributed scholarships. It became more than 500!
The scholarship is 4000 RUR. 375 students received scholarships for November and December.
Our Charitable Foundation was established on June, 30, 2006.