In allocating grants and designating beneficiaries, the Foundation gives priority to:
- cultural institutions, public or private, which aim to spread a spirit of peace, friendship, tolerance, understanding and international cooperation among different cultures
- practical projects, preferably in developing Mediterranean countries.
- projects that focus on children and the advancement of the condition of women
- literacy and health care projects for the most disadvantaged sections of society.
The Board may allocate grants both as an incentive and as a reward, and participate in projects pertaining to fields related to the aims of the Foundation.