The foundation pursues its purpose in accordance with the statutory and officially recognized criteria for tax-exempt foundations. The foundation promotes talents from Ukraine and the Black Sea region in the fields of culture, education, science, and economy, and can award prizes for innovative and forward-looking achievements. Its purpose is to support the cultural, scientific, and economic development in Ukraine and the adjacent Black Sea region, as well as the cultural, scientific, and economic exchange between the Black Sea region and Switzerland and adjacent Western Europe. The foundation does not pursue any commercial or self-help purposes. The foundation's purpose can be fulfilled, among other things, through the implementation and promotion of cultural, scientific, and economic projects and events in Switzerland, Western Europe, and the Black Sea region; the promotion of artists, in particular musicians and visual artists, and scientists through the granting of scholarships, support for works, projects, and events that are suitable for promoting the development of artists and the preservation of art; the mediation of contacts between artists, cultural institutions, scientists, and scientific institutions, economic representatives, and other representatives of the two regions with a view to promoting the foundation's purpose; the assumption of travel and other costs in connection with such events, occasions, or other activities with a view to promoting the foundation's purpose; other activities with a view to promoting the foundation's purpose; furthermore, the foundation can allocate its funds to another non-profit private or public organization with the same or similar purpose.
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