The Ulm University Foundation, established in 2007, is a non-profit foundation under civil law. Its purpose is the idealistic and financial promotion of science, education and art at the University of Ulm. It is the umbrella organisation of several endowment funds and dependent foundations of the University and the University Hospital. Its bodies are the Executive Board and the Founders' Assembly. The foundation is supervised by the state of Baden-Württemberg in accordance with the currently valid Foundation Act. Further details are regulated by the statutes.