Celebrating its 5th anniversary, Cosmoscow decided to combine its non-commercial initiatives, undertaken in recent years, integrating them into a separate institution – Cosmoscow Foundation for Contemporary Art. The Foundation is based on Cosmoscow experience and expertise, accumulated over the years. The main objective of the Foundation is the systematic support of contemporary art in Russia, its integration into the international context, the promotion of young artists, and the development of philanthropy in Russia. The Foundation holds contests, delivers its own projects, and also provides direct funding to support unique cultural initiatives. The Foundation carries out activities in the following areas: education; execution (financial support) of certain projects and cultural initiatives, selected on both contest and non-contest basis; purchase of contemporary art works and their donation to museum collections.