Social entrepreneurship is nowadays an appealing topic for researchers to investigate. It is considered to be an agent for social and economic development. To involve youth in social entrepreneurship and provide them with the opportunity to use their knowledge, skills and abilities to solve real world problems is a task to be addressed by modern society. This paper explains Russian university students' intention towards social entrepreneurship which is considered to be the predictor of actual behavior. We developed hypothesizes based on factors which have an impact on the social entrepreneurial intention. The tested hypothesizes confirm that attitude as well as subjective norm and perceived behavioral control all have a positive impact on the social entrepreneurial intention. The entrepreneurial environment and education as a contextual element were found to be significant predictors of the social entrepreneurial intention. The study uses the quantitative method where data of 107 Russian students were collected and analyzed using Statistical Package for Social Sciences (SPSS, version 20). In order to detect the impact of variables on each other, correlation and multiple regression tests were run. The results show positive intentions of Russian university students towards entrepreneurship. The study also found that contextual variables-entrepreneurial environment and education have an impact on social entrepreneurship intention. The entrepreneurial environment was found to be the most significant amongst other variables of attitude, subjective norms and perceived behavioral control.