Purpose of Foundation

  1. The purpose of the foundation is to promote science and research in the area of shipping and environmental protection. The purpose of the foundation is also to raise funds for the realisation of the above mentioned charitable purposes through other tax-privileged bodies and public law entities.
    The promotion of science and research in the area of shipping and environmental protection, as well as the raising of corresponding resources is not limited to issues of ship construction and shipping operations, but is explicitly supposed to portray the cross-dimensional character of shipping-related environmental protection. The purpose of the foundation also comprises the promotion of science and research, which is supposed to improve the sustainability of inland and maritime shipping, especially by taking in account innovative solution approaches.
  2. The purpose of the foundation is especially, but not exclusively, realised by way of
    • The financial support and the execution of projects that promote innovative scientific developments in the area of shipping and environmental protection, also taking into account technical and / or legal questions;
    • The support and awarding of scientific research assignments in the area of shipping and environmental protection;
    • The awarding of prizes to excelling scientific and / or research achievements in the area of shipping and environmental protection;
    • The awarding of scholarships to exceptionally qualified students who engage in scientific work and / or research projects in the area of shipping and environmental protection.
  3. The principles of awarding foundation’s funding both to individuals and to groups of individuals or legal persons are ruled in directives which are defined by the Board of Trustees by way of resolution and which require previous consent by the competent tax authority and supervisory authority.
    This shall also apply in case they are amended.
  4. The foundation pursues exclusively and directly charitable purposes as defined in the section on “Charitable Purposes” in the German Tax Code.

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