The foundation's purpose is to distribute the net income of its assets, supplemented by a portion of its capital, to support the activities of the Montreux-Vevey-Riviera Music Conservatory and Jazz School, headquartered in Vevey, primarily: a) by creating one or more prizes and scholarships for students, b) by providing financial support for musical or educational activities organized by the CMVR, with the aim of actively supporting students and teachers, particularly through support for concerts, performances, special courses or seminars on music and/or ensemble music, and incidentally: c) by establishing a fund to support teachers and students in the form of contributions to tuition fees, d) by purchasing or maintaining musical instruments, all in memory of the founder's parents.