The Foundation fulfils its purpose by supporting Åbo Akademi University. In addition, the tasks of the Foundation include maintaining and funding institutes, museums and establishments within research and culture, and awarding scholarships, grants, contributions and prizes.
The Åbo Akademi University Foundation has a large art collection. Over the years, the collection has grown through donations. Portraits and Finnish art from the 19th and 20th centuries form the main part of the collection. The art collection is administered by Museum Director Ulrika Grägg. The Foundation maintains four museums: The Museum Ett Hem, The Sibelius Museum and Casa Haartman.
Member since 2018.