The Ministry of Finance has clarified the procedure for accounting for gratuitously received assets by private foundations
In its official clarification dated April 8, 2025, No. 03-03-06/3/34620, the Ministry states that, according to Article 250 of the Russian Tax Code, non-operating income included in the corporate income tax base includes, among other things, income in the form of gratuitously received assets (work, services), or property rights, except in cases specified in Article 251 of the Tax Code.
Article 251, in turn, exempts from income tax certain targeted contributions, including those made by founders (participants, members) to non-profit organizations, including private foundations, for their maintenance and statutory activities.
Therefore, if a private foundation receives assets gratuitously from third parties (not founders), such income is considered taxable and must be accounted for under the general taxation rules.
