The Khovansky Foundation (Russian: Фонд Хованского) is a non-profit organization, founded in Voronezh in 1899.

[1] After the death of the publisher A. Khovansky (January 29, 1899)[2] there was organized the Foundation and the Prize for the best teachers of philology and history.

The Khovansky-fund was reconstituted on the occasion of the 110th anniversary (November 4, 2009), again with the aim to support teachers and publishers.

The objective of the fund is to determine in special contest "The Living Word" the best teachers of languages and history in order to provide material support to winners.

The Foundation has established new merit awards in commemoration of the 200th anniversary of Alexei Khovansky: medal "The Living Word" — for personal rewarding teachers of English and other languages and the statuette “Alexy” — for teaching and creative teams.