# Khodorkovsky Foundation

Khodorkovsky Foundation is an Endowment / Foundation based in London, United Kingdom.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Founded:** 2003
- **Assets under management:** 500 (Altss estimate)
- **Website:** khodorkovskyfoundation.org
- **LinkedIn:** linkedin.com/company/khodorkovsky-foundation

## Regulatory record

- **Reports private funds:** No

## About

The Khodorkovsky Foundation was established in 2003 as a UK charity by Mikhail Khodorkovsky. Its initial endowment came from proceeds tied to his oil-and-gas business activities. The foundation focuses on scholarships, boarding-school support, and training for participants in Russian civil society. Capital is deployed through grants to education projects and through three affiliated foundations. The Oxford Russia Fund has awarded more than 41,000 scholarships since 2005. The New Generation Europe Foundation has provided grants to Chatham House and the Atlantic Council. The Institute of Modern Russia operates as a U.S. policy think tank. The endowment itself is managed by Schroder & Co, Morgan Stanley, BlackRock, and Goldman Sachs, with holdings split across public markets and private investments. Geographic reach covers the United Kingdom as headquarters, program work in Russia until regulatory restrictions, and grant activity across Europe and the United States. The foundation reported an investment portfolio valued at $842 million alongside the original $500 million endowment figure. It maintains a registered office at 4 Hill Street in London and previously held the Podmoskovny Lyceum Estate near Moscow, which was sold after the foundation was designated an undesirable organization in Russia. Pavel Khodorkovsky serves as trustee and president of the Institute of Modern Russia. May 2025: Mikhail Khodorkovsky spoke at the Milken Institute Global Conference on Russia's future and the role of the Russian opposition.

## Sectors

- Education

## People

- Mikhail Khodorkovsky — Founder
- Pavel Khodorkovsky — Trustee
- Alastair Tulloch — Trustee
- Maria Logan — Trustee
- Anton Drel — Trustee

## Questions

### Who runs investment decisions at Khodorkovsky Foundation?

External managers Schroder & Co, Morgan Stanley, BlackRock, and Goldman Sachs handle the endowment. Trustees oversee grant allocations and overall policy.

### How is the Khodorkovsky Foundation structured relative to its founder?

It operates as an independent UK charity endowed by Mikhail Khodorkovsky. Day-to-day governance rests with trustees including Pavel Khodorkovsky and Alastair Tulloch.

### Does the foundation make direct investments or only grants?

It makes grants through affiliated entities and holds a diversified portfolio of listed equities, debt, and unquoted investments managed externally.

### What geographic restrictions affect its programs?

Russian authorities designated the foundation an undesirable organization, ending direct operations inside Russia. Grant and scholarship work continues outside Russia through the Oxford Russia Fund and New Generation Europe Foundation.

### Which service providers support the foundation's operations?

TGW Law provides ongoing legal counsel. Gravita Audit Oxford LLP serves as current auditor. The investment portfolio is custodied at the named international banks.

## Related profiles

- [KFUPM Endowment](https://altss.com/profile/kfupm-endowment)
- [Lemantrust](https://altss.com/profile/lemantrust)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/khodorkovsky-foundation

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