[3] The goal of the foundation is to turn Istanbul into a major center within the international culture and arts community.

[4] The first international event initiated by the foundation was the Istanbul Festival, first held at 1973, coinciding with the 50th anniversary celebrations of the Turkish Republic.

[5] Currently, the foundation coordinates several annual festivals and biennials, a performance hall and other cultural operations linked to its purpose.

[6] The foundation is currently based at Sishane, at the Nejat Eczacıbaşı Building (formerly called Deniz Palas).

[7] Besides the offices, the building also hosts a performance hall called Salon, which is also run by the foundation.