During the acute economic crisis of the early 90s, many orphanages in Russia received support from abroad. A sociologist and businessman from the United States, George Steiner, was among other volunteers who regularly distributed humanitarian aid to orphanages. He and his Russian colleagues, the future founders of the Nadezhda Fund, Ekaterina Selenina and Yevgenia Polonskaya, realized that children needed not only food and clothing, but also medical care, psychological support, education, and, most importantly, the opportunity to learn the skills of independent living and what a family is.
Therefore, from the very beginning, the Fund's activities were aimed at creating family forms of living arrangements for orphaned children, their psychological rehabilitation, and social adaptation. So in 1996, together with the Department of Education of the Vladimir Region, the Russian charity Fund "Nadezhda" was created.
In 2002, the Nadezhda Fund was re-registered in accordance with the Federal law "On State Registration of Legal Entities."