The Allianz Cultural Foundation was initiated in 2000. According to its bylaws, it fosters international education and cultural projects implemented by project partners from at least three European countries or the neighbouring Mediterranean region. Through its cultural and artistic initiatives, the Foundation strives to support the European integration process and the formation of a European identity. An important target group for its work is young academics and artists, for whom the Foundation has developed its own exchange and encounter projects. The Allianz Cultural Foundation is active as a funder while also operating its own programmes. The Foundation’s focus is on European education, literature and translation, new music and contemporary visual arts.