Influential citizens of the city had suggested the establishment of an institution, which should allow the interest-bearing and secure investment of funds.

The legal basis of the credit institution is the savings bank law of the Federal State of Saxony[2] and the Statute of the Sparkasse.

In addition to the foundation (Stiftung) it has a Savings Bank Museum and a Kunsthalle, granted an insight into its collection of works of the New Leipzig School.

In addition, the bank acts as a partner of associations and institutions, thus demonstrating its support for the common good.

The promotion of cultural interests of the literature on performing and visual arts to heritage conservation are also among the tasks of the Foundation.

The purpose of this foundation is to promote culture and heritage conservation within the territory of the Torgau-Oschatz Altlandkreises from the proceeds of the endowment.

Furthermore, their portfolio includes the foundation of art prices and promoting heritage conservation in accordance with the law for the protection and maintenance of monuments in the former district Torgau-Oschatz.

The Kunsthalle has 352 m2 of exhibition space in the annex from 1924, right on the banks of the splices mill race and shows works from the collection of the Sparkasse Leipzig.