The foundation awarded its first grants in 1997. As of December 31, 2006, the foundation has approved approximately 696 grants totaling approximately $479 million to nonprofit organizations throughout the Europe and Asia. Grants are awarded in four program areas:

• The Arts Program supports performing artists with the creation and public performance of their work.

• The Environment Program supports efforts to preserve wildlife in Europe and Asia.

• The Medical Research Program seeks to contribute to the prevention and cure of disease by supporting clinical research.

• The Innovations in Science and Technology Program advances promising research and new technology development that have the potential to expand knowledge, improve health, and protect the environment.