Terpsichore organized events with performances of Soviet and world culture stars, such as Galina Ulanova, Maya Plisetskaya, Ekaterina Maximova, Alicia Alonso, Vladimir Vasiliev, Maris Liepa, and Mikhail Baryshnikov.

Also, he established a network of 450 local foundations to provide financial, organizational, and legal support to youth initiatives across the Soviet Union.

Siberia-Alaska was a project to establish a visa-free travel regime for native families in order to reunite Soviet and American Yupik Eskimos in Chukotka, and open direct flights between Siberia, Russian Far East, Alaska and California.

In 1987, Gennady Alferenko established the US Foundation for Social Innovations, which, jointly with the FSI of the USSR, launched the first student exchange programs between the USSR and the USA for 100.000 students, and organized a meeting of the Vietnam War US veterans and Afghanistan War Soviet veterans to develop mutual support programs and establish joint business ventures, such as manufacturing of prosthetics and wheelchairs.

In 2016, he became a member of the board of directors at Hancock Jaffe Laboratories, a U.S. based company developing bioprosthetic medical devices providing treatments for cardiothoracic procedures.