The foundation's purpose is to promote scientific research and the development of musical talents in the interest of humanity. This description is concretized as follows: Scientific Research: The foundation can award prizes for outstanding scientific research work at recognized universities and colleges (Hans and Ellen Schüller Prizes); it can provide contributions to research institutes of recognized universities and colleges and financially support education and further training within universities and colleges. Promotion of Musical Talents: The foundation can award prizes for outstanding achievements by young talents in the field of art, particularly music (Hans and Ellen Schüller Prizes); it can provide contributions to recognized educational institutions that aim to educate and train in the field of art, particularly music. Furthermore, it can provide contributions to organizations that have set themselves the goal of promoting young talent in the field of art, particularly music.