Visually-impaired version 
The speaker touched upon the topic of transformational changes in philanthropy. In particular, philanthropy, values and altruism. At the same time, the speaker noted the importance of private resources in addressing public goals. In this context, the role of endowment funds should be noted. Having accumulated endowment capital and mastered an effective investment strategy, endowment funds can become a provider of sustainable development of organisations. In our context, a source of funding for the development of higher education institutions. It is noteworthy that the top three leaders of endowment funds as Ensign Peak Advisors (USA) – 124 billion $ Japan Science and Technology Agency (Japan) – 80 billion $ King Abdullah University of Science & Technology (Saudi Arabia) – 80 billion $ invest about 50% of their huge funds in high-tech companies like Amazon, Apple, Google. They are followed by global bonds, real estate and venture capital investments. In the case of the endowment of Saudi Arabia University, it should be noted that in investing there is a practice of ‘Waqf Principle’ (reference) A person who dedicates his property to a waqf is called a waqf founder. The legal waqf, based on Muslim law, implied that the founder completely loses his rights to the transferred property. But there is also an ‘Ordinary Waqf’ (unlike the legal Waqf, called Waqfalet), which secures for the descendants of the founder the right to receive part of the income from the Waqf.