The purpose of the foundation is to pay the costs of education, equipment or support to the blood-related members of the family of the founder Zacharias KARELAS, from and in Geneva, who are explicitly chosen and designated by written decision of the founder or the foundation board (hereinafter referred to as beneficiaries). The aforementioned purposes include the payment of amounts from the income or assets of the foundation to the beneficiaries to cover the costs incurred by them due to recovery, medical treatment and spa, study stays, as well as in particular the payment of amounts to cover the costs of a comprehensive and appropriate education and vocational training of the beneficiary children.