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This working paper has been prepared at the request of the Center for Philanthropy Development of the Vladimir Potanin Foundation and offers a review of the key trends in global philanthropy development. It features and analyzes opinions of leading international experts and organizations of the philanthropic sector about factors, contexts and principles influencing philanthropy of the future, as well as cause-and-effect links between them. Better understanding of sector-wide and worldwide transformation processes would enable philanthropic organizations to use more informed approach to strategic target setting. The suggested vision of key development vectors in the sector may serve as a basis for further researches and professional discussions.