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Fundraising in the digital economy

Kiseleva T.Yu. Financial University under Government of Russian Federation, Moscow, Russian Federation ( proffin2013@mail.ru )

Journal: Financial Analytics: Science and Experience, #1, 2019

Subject This article discusses the impact of digital economy on economic processes, institutions and markets. It also studies the formation of financial resources on the basis of fundraising.
Objectives The article aims to define the impact of digital economy on non-profit organizations in the sphere of fundraising. As well, it analyzes the modern tools of attracting financial resources.
Methods The article uses the methods of logical and statistical analyses, synthesis, comparison, and generalization.
Results The article shows that grants and donations are the main forms of financial resources that non-profit organization receive on terms of fundraising. The new tools of obtaining financial resources are social networks, media, technology platforms, and the websites of non-profit organizations.
Conclusions and Relevance Modern non-profit organizations have got more opportunities to receive free and gratuitous financial resources using technology opportunities provided by the digital economy. Non-profit company managers and fundraising experts can use financial technologies when choosing a way of formation money receipts on terms of fundraising.


Analyzing the formation and use of financial resources of non-profit organizations in the current circumstances

Kiseleva T.Yu. Financial University under Government of Russian Federation, Moscow, Russian Federation ( proffin2013@mail.ru )

Journal: Financial Analytics: Science and Experience, #2, 2016

Importance Non-profit organizations concurrently act as producers of social benefits and market actors, thus being a reason for the specifics of their financial problems. The article points out challenges that are typical of the contemporary financial mechanism of non-profit organizations.
     Methods Using a systems analysis, I determined the specifics of contemporary non-profit organizations’ finance, pointed out and structured key difficulties in forming and using financial resources of non-profit organizations. Although the research was based on the analysis of challenges non-profit organizations faced, the findings might be applied to the financial mechanism of any non-profit organization in any economy.
     Results I pointed out and structured key difficulties in forming and using financial resources of non-profit organizations.
     Conclusions and Relevance As part of its contemporary operations, non-profit organizations have to evaluate its finance sources, choose cash inflows and income, determine the most appropriate types of monetary income, etc. Income-generating activity influences indicators of performance, sustainability and exposure to risks. While financial resources of non-profit organizations are formed, the entity addresses and resolves issues arising from its operations, thus influencing the resource formation process.


Development of the caucasian mineral waters region in the context of import substitution policy in the tourist market of Russia

Kiseleva N.N. North-Caucasian Institute, Branch of Russian Presidential Academy of National Economy and Public Administration, Pyatigorsk, Russian Federation ( kiseleva-n-n@yandex.ru )

Orlyanskaya A.A. North-Caucasian Institute, Branch of Russian Presidential Academy of National Economy and Public Administration, Pyatigorsk, Russian Federation ( orlyanna@yandex.ru )

Il'yaeva Yu.M. North-Caucasian Institute, Branch of Russian Presidential Academy of National Economy and Public Administration, Pyatigorsk, Russian Federation ( ilyaeva@yandex.ru )

Journal: Regional Economics: Theory and Practice, #4, 2017

Importance The article deals with the problems of increasing the competitiveness of sanatorium-resort complex of the Caucasian Mineral Waters region in the current socio-economic and political conditions.
Objectives The article aims to analyze the competitiveness of the Caucasian Mineral Waters resort region, develop and validate the mechanisms of its increase regarding the import substitution policy.
Methods For the study, we used comparative and formal logical analyses.
Results We found that the development of the Caucasian Mineral Waters resort region is hampered by the failure to resolve a range of problems. The conducted comparative analysis shows the high price competitiveness of the services offered by the Spa institutions of the Caucasian Mineral Waters resort towns, compared with foreign counterparts. We propose certain mechanisms to enhance the competitiveness of the sanatorium-resort complex of the Caucasian Mineral Waters region in the context of import substitution policies.
Conclusions Improving the transport, communications, and tourism infrastructure of the region is a key direction of realization of the Caucasian Mineral Waters region's import-substituting capacity. Improving the efficiency of cooperation of formal and informal institutions supports the national policies of import substitution in the tourist market. It is essential to differentiate and consolidate the federal, regional, and municipal authorities and institutions' participation in the development of the region's tourism cluster on the regulatory basis.


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