The Foundation operates both by supporting local initiatives through open-grant competitions and by planning and implementing projects of its own. The Foundation is able to initiate its unique projects by engaging leading experts to devise charitable programs together with top managers for the working teams. Thus, the Foundation functions as a creative workshop, generating innovative ideas and setting new high standards on the one hand, while seeking out and supporting the best initiatives by local organizations and citizens on the other.
The Mikhail Prokhorov Foundation's various cultural initiatives cover the following areas:
- - Professional training and public education
- - Contemporary arts
- - Sports and public health