The purpose of the Foundation is to promote, stimulate, support and participate in any possible manner in cultural, educational, intellectual, artistic, social, philanthropic, scientific or sports initiatives, works and enterprises, in their most relevant aspects.

The members of the Jury exclude themselves from being chosen for a Konex Award; a gesture that the Foundation emphasizes and thanks very specially.

The Grand Jury selects the recipients for the following awards: The Grand Jury selects the five personalities or institutions that show the most remarkable accomplishments in each of the 20 chosen disciplines, awarding each of these 100 personalities or institutions a Merit Diploma in a public ceremony.

The Grand Jury also has the power to grant Special Mentions to those who are considered worthy of the award but do not specifically fit within given disciplines.

All awards are presented in a final, special ceremony in which the recipients are granted a distinctive symbol called Konex Trophy.