Yerkin Tatishev and Kusto Group donate 100 million to Kazakh language

In a resounding commitment to advancing the Kazakh language, Kusto Group, under the leadership of Chairman Yerkin Tatishev, has announced a contribution of 100 million tenge to the QAZAQ TILI Endowment Qory. 

The move underscores the company’s dedication to Kazakhstan, where it was founded in 2002.

Yerkin Tatishev, Chairman of the Board of Directors at Kusto Group, views the donation as a strategic investment in the cultural and linguistic heritage of Kazakhstan. His commitment to the development of the Kazakh language aligns with Kusto Group’s broader efforts to contribute meaningfully to the nation’s progress.

“We support the efforts of the President of Kazakhstan, Kassym-Jomart Tokayev, to ensure the sustainable and long-term development of the Kazakh language and, in particular, the Kazakh Tili society,” he stated.

“It is a great honor for us, citizens of the country, to make a feasible contribution to the development of the Kazakh language as a key factor. We call on the business community to support this noble initiative,” Yerkin Tatishev added.

What happens to Kusto Group’s donation to QAZAQ TILI Endowment Qory?

The QAZAQ TILI Endowment Qory represents a crucial initiative by the Kazakh Tili society, the country’s largest organization dedicated to supporting and developing the state language.

What sets this endowment apart is its unique approach, where contributed funds are not expended but rather managed and invested. The returns from these investments are then directed towards the objectives outlined by the beneficiary organization.

To ensure transparency and accountability, an independent board of trustees, consisting of respected public figures, linguistic scholars and government representatives, will oversee the funds of the endowment. 

This mechanism aims to guarantee that the resources are utilized effectively in alignment with the outlined goals.

The income generated from the endowment’s investments will be channeled into the form of grants. These grants will support the Kazakh Tili society in its endeavors to enhance language usage, modernize linguistic frameworks and foster the continued development of the Kazakh language. 

By creating a sustainable financial model, the endowment ensures a long-term impact on the initiatives aimed at enriching and expanding the scope of the Kazakh language.

Yerkin Tatishev garners industry recognition 

The donation by Yerkin Tatishev’s Kusto Group has garnered attention not only for its financial magnitude but also for its strategic and sustainable approach. 

In a time when linguistic heritage is recognized as a cornerstone of national identity, Kusto Group’s initiative stands out as a noteworthy example of corporate responsibility.

Founded in 2002 in Kazakhstan, Kusto Group traces its roots to the heart of Central Asia. Yerkin Tatishev, along with other young entrepreneurs, established the company with a commitment to contributing to the region’s development. 

The early years saw Kusto Group actively engaging in various sectors, including agriculture, construction materials, real estate and retail.

Kusto Group’s dedication to the region’s growth has always been evident in its multifaceted approach to business. From the outset, the company sought to create a positive impact on the communities it operated in. The move to diversify into different industries showcased Yerkin Tatishev’s belief in comprehensive development, aligning with the economic and social needs of the region.

As Kusto Group expanded its presence and influence, it embraced a global outlook, seeking opportunities beyond Central Asia. In 2013, the company made a strategic decision to move its headquarters from Kazakhstan to Singapore. 

The shift marked a pivotal moment in Kusto Group’s evolution, positioning it as an international player with a focus on innovation and sustainable practices.

Yerkin Tatishev and Kusto Group’s commitment to Kazakhstan 

Yerkin Tatishev, the Chairman of Kusto Group, played a remarkable role in steering the company toward global prominence. 

His vision extended beyond traditional business models, emphasizing the importance of environmental sustainability and corporate social responsibility. This commitment was exemplified by initiatives like the recent substantial donation to the QAZAQ TILI Endowment Qory, showcasing Kusto Group’s dedication to supporting the cultural and linguistic heritage of Kazakhstan.

In addition to his corporate endeavors, Yerkin Tatishev has emerged as a driving force for positive change in various spheres. His influence extends into philanthropy, where he has championed causes that transcend business boundaries, such as Kusto Group’s relief efforts during the COVID-19 pandemic. 

His dedication to environmental sustainability goes beyond rhetoric, actively participating in initiatives that address ecological challenges. As a prominent figure, he has not only led Kusto Group to international acclaim but has also become a beacon for responsible business practices and community engagement.

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