The foundation was named after Houen's mother and its purpose was to build an old-age home and a park facility.
[2][3][4] The home was intended for honorable old men and women (hæderlige gamle Mænd og Kvinder)[3][4] at least sixty years old who could no longer earn a sufficient livelihood and who had no close relatives to take care of them.
The area was expanded with several purchased parcels, and the result was a park between the streets Gamle Songevei and Kystveien.
An attractive park was created there in the early 1900s, with ponds, sculptures, lawns, flowerbeds, and a playground.
The foundation's statutes state that the property must be protected against future buildings disturbing its rural character.