ENDOWMENT FUNDS AS A SOURCE OF FUNDING FOR EDUCATIONAL INSTITUTIONS

Abstract

"In today’s economic realities, the higher education system is one of the most important parts of national economic development. Accordingly, it becomes clear that it is necessary to improve the methods of investment in education in general and higher education in particular. New methods of modernizing the financing of education provide a foundation for innovation in the national economy. But in this process of improving higher education systems, there are quite a few problems associated with the analysis and financing of higher education. Currently, the introduction of new tools of financing higher education institutions is necessary to comply with the programs of education development. One of the main factors in the development of innovative activity, as well as important strategic directions of economic development of the Republic of Kazakhstan is the scientific and technological progress, due to new methods of providing educational achievements, namely the sources of funding and their effectiveness. New sources of funding are emerging, the study and implementation of which can improve the existing system of higher education funding and ensure the stable existence and improvement of the financial position of educational institutions. The practical significance of the article consists in the use of the results of the study in determining the mechanisms of higher education institution financing. "