Granting of educational contributions to students of educational institutions in the Basel region and to artists residing in Basel and its surroundings (beneficiaries), and - subject to market-standard rental to third parties - renting of residential space in the 'St. Albanstift' in Basel to beneficiaries. The educational contributions can be granted as repayable or non-repayable. The rental of residential space to beneficiaries is generally intended to be carried out at favorable conditions. In order to generate the funds required for the granting of educational contributions, the St. Albanstift may, at the discretion of the foundation board, be rented out temporarily or permanently, in whole or in part, at market-standard prices to persons outside the circle of beneficiaries.