Responding to Public Demand Together: Practices of Grantmaking Foundations’ Participation in Implementing the Universities’ Third Mission

Abstract

More and more universities today are recognizing that the third mission is part and parcel of higher education. Universities are striving to engage with society, by partnering with businesses, government institutions, local communities, and other stakeholders. With the support of grantmaking foundations, universities get the opportunity to implement their ideas and projects, thus driving progress and building their reputation as socially responsible institutions. In this article, we expound on how philanthropic organizations take part in formulating and implementing the universities' third mission, drawing on the example of the Vladimir Potanin Foundation — one of the pioneering charity foundations in Russia supporting and developing higher education.