In 2017, at the time of its fifth anniversary, the Cosmoscow International Contemporary Art Fair brought together its non-profit initiatives into the Cosmoscow Foundation for Contemporary Art. The experience and expertise accumulated over the years of work provided the basis for the Foundation.

— promotion and development of contemporary Russian art;
— contribution to the rise of private and institutional philanthropy in Russia;
— support of initiatives aimed at making contemporary art approachable to a wider audience.

— provides access to contemporary art related educational resources, programs and events;
— fulfills different types of educational programs together with internationally acclaimed experts in order to promote contemporary art among wider audiences;
— establishes a dialogue between artists, art historians, art critics, curators, collectors and connoisseurs of contemporary art;
— supports the development of contemporary art in Russia by providing a favorable environment for art making and exhibition activities.

— fundraising among private and corporate sponsors;
— donations from philanthropists;
— project crowdfunding.