Fundraising and crowdfunding in the activities of public organizations during the war
The article considers the problem of raising funds by public organizations during a full-scale war. It is determined that public organizations and charitable foundations that were engaged in the implementation of socially significant projects were created long before the beginning of the Russian agg...
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| Format: | Article |
| Language: | English |
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Ukrainian State University of Science and Technologies
2025-06-01
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| Series: | Економічний вісник Державного вищого навчального закладу Український державний хіміко-технологічний університет |
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| Online Access: | http://ek-visnik.dp.ua/wp-content/uploads/pdf/2025-1/Khanenko.pdf |
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| author | A. V. Khanenko O. V. Zykin |
| author_facet | A. V. Khanenko O. V. Zykin |
| author_sort | A. V. Khanenko |
| collection | DOAJ |
| description | The article considers the problem of raising funds by public organizations during a full-scale war. It is determined that public organizations and charitable foundations that were engaged in the implementation of socially significant projects were created long before the beginning of the Russian aggression against Ukraine. It is established that despite the difficult circumstances in which the country found itself, the amount of grant funds provided for projects in our state by both domestic and foreign benefactors increased sharply at the beginning of the invasion. The multiple increase in military needs for equipping the Armed Forces of Ukraine and the direction of benefactors’ funds to address the priority needs of the army are considered. The cohesion and unity of civil society, which did not distance itself from the problems brought by the Russian aggression, but began to conduct active and important work on raising funds using fundraising and crowdfunding tools, were noted. The definitions of the terms “fundraising” and “crowdfunding” are provided, and the economic essence of these concepts from the point of view of them in the context of the implementation of a project, idea or event is provided. Restraining factors that slow down the reaction and participation of partner public organizations have been identified, one of which is most evident in war fatigue and the need to provide resources to Ukraine because of this. An analysis of the results of a study on the impact of the termination of USAID funding, after the US President signed a decree on the suspension of all US foreign aid programs, was conducted. The results of the study indicate that the termination of USAID funding will have very negative consequences for the activities of Ukrainian civil society organizations (CSOs). It is noted that philanthropists are not giving up and intend to reorient themselves to business models, optimize programs and projects, attract the support of local donors, and strengthen cooperation with the private sector. |
| format | Article |
| id | doaj-art-081afc50ca5f41fc9be4e452eede9fb1 |
| institution | DOAJ |
| issn | 2415-3974 2664-2670 |
| language | English |
| publishDate | 2025-06-01 |
| publisher | Ukrainian State University of Science and Technologies |
| record_format | Article |
| series | Економічний вісник Державного вищого навчального закладу Український державний хіміко-технологічний університет |
| spelling | doaj-art-081afc50ca5f41fc9be4e452eede9fb12025-08-20T02:56:20ZengUkrainian State University of Science and TechnologiesЕкономічний вісник Державного вищого навчального закладу Український державний хіміко-технологічний університет2415-39742664-26702025-06-0121121622410.32434/2415-3974-2025-21-1-216-224Fundraising and crowdfunding in the activities of public organizations during the warA. V. Khanenko0https://orcid.org/0000-0003-0899-7311O. V. Zykin1https://orcid.org/0009-0005-3109-0023National University “Zaporizhzhia Polytechnic”, Zaporizhzhia, UkraineNational University “Zaporizhzhia Polytechnic”, Zaporizhzhia, UkraineThe article considers the problem of raising funds by public organizations during a full-scale war. It is determined that public organizations and charitable foundations that were engaged in the implementation of socially significant projects were created long before the beginning of the Russian aggression against Ukraine. It is established that despite the difficult circumstances in which the country found itself, the amount of grant funds provided for projects in our state by both domestic and foreign benefactors increased sharply at the beginning of the invasion. The multiple increase in military needs for equipping the Armed Forces of Ukraine and the direction of benefactors’ funds to address the priority needs of the army are considered. The cohesion and unity of civil society, which did not distance itself from the problems brought by the Russian aggression, but began to conduct active and important work on raising funds using fundraising and crowdfunding tools, were noted. The definitions of the terms “fundraising” and “crowdfunding” are provided, and the economic essence of these concepts from the point of view of them in the context of the implementation of a project, idea or event is provided. Restraining factors that slow down the reaction and participation of partner public organizations have been identified, one of which is most evident in war fatigue and the need to provide resources to Ukraine because of this. An analysis of the results of a study on the impact of the termination of USAID funding, after the US President signed a decree on the suspension of all US foreign aid programs, was conducted. The results of the study indicate that the termination of USAID funding will have very negative consequences for the activities of Ukrainian civil society organizations (CSOs). It is noted that philanthropists are not giving up and intend to reorient themselves to business models, optimize programs and projects, attract the support of local donors, and strengthen cooperation with the private sector.http://ek-visnik.dp.ua/wp-content/uploads/pdf/2025-1/Khanenko.pdffundraisingcrowdfundingpublic organizationsfull-scale warcharitable foundationssources of fundingsocial projects |
| spellingShingle | A. V. Khanenko O. V. Zykin Fundraising and crowdfunding in the activities of public organizations during the war Економічний вісник Державного вищого навчального закладу Український державний хіміко-технологічний університет fundraising crowdfunding public organizations full-scale war charitable foundations sources of funding social projects |
| title | Fundraising and crowdfunding in the activities of public organizations during the war |
| title_full | Fundraising and crowdfunding in the activities of public organizations during the war |
| title_fullStr | Fundraising and crowdfunding in the activities of public organizations during the war |
| title_full_unstemmed | Fundraising and crowdfunding in the activities of public organizations during the war |
| title_short | Fundraising and crowdfunding in the activities of public organizations during the war |
| title_sort | fundraising and crowdfunding in the activities of public organizations during the war |
| topic | fundraising crowdfunding public organizations full-scale war charitable foundations sources of funding social projects |
| url | http://ek-visnik.dp.ua/wp-content/uploads/pdf/2025-1/Khanenko.pdf |
| work_keys_str_mv | AT avkhanenko fundraisingandcrowdfundingintheactivitiesofpublicorganizationsduringthewar AT ovzykin fundraisingandcrowdfundingintheactivitiesofpublicorganizationsduringthewar |