The purpose of the Foundation is to promote, stimulate, support and participate in any possible manner in cultural, educational, intellectual, artistic, social, philanthropic, scientific or sports initiatives, works and enterprises, in their most relevant aspects. To achieve its goals, the Foundation instituted the Konex Awards to be granted to personalities and institutions standing out for his, her or its achievements in any of the aforementioned fields. The Konex Awards were instituted in 1980 to be annually granted to sow for the future so that the most distinguished contemporary personalities and institutions in every field, which compose the cultural spectrum of the nation, will be an example to the nation's youths.