In 2007 Martin and Gerda Essl and their children decided to donate a substantial portion of their assets to social activities.
The Essl Foundation was established in March 2008. It was endowed with adequate financial resources in order to ensure the annual presentation of the Essl Social Prize and other social activities in the long term – even after the death of the benefactors.
The tasks of the foundation are concentrated on the following areas of priority:
- Essl Social Prize
- Zero Project
- Philanthrophy (One example of this is “Sinnstifter”, a joint initiative with other charitable Austrian foundation)
The purpose established in the deed of foundation is:
- to support people in need and
- to promote public awareness about the necessity of support for those in need and to provide the individuals concerned with the appropriate training
- to work scientifically and research