The purpose of the foundation is the acquisition and collection of historical and modern literature in the field of iron production and processing, including geology, mineralogy, mining, chemistry, metallurgy, etc.; the application of iron and other metals and metal alloys in crafts and industry, such as in mechanical engineering, civil engineering, architecture, arts and crafts, etc.; modern construction materials such as plastics and other polymeric solids and their application, particularly in business areas where GF is active; the history of technology, the history of natural sciences, and the general history of science. The foundation is responsible for the care, management, and presentation of the library and its holdings. It promotes and supports the free use of the library holdings by science (including graduates of higher and secondary schools), technology, and the interested public, using both classical and modern communication media. The foundation fosters the exchange of knowledge and experience between science and research, teaching and practice through suitable activities such as conferences, publications, and research contributions/scholarships. The library is housed in premises provided by the Georg Fischer AG or one of its foundations at the Klostergut Paradies. The foundation establishes and maintains the necessary infrastructure. The foundation is non-profit and does not aim to make a profit.