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The Julius Baer Group is committed to supporting cultural activities, and some of this work is undertaken by the Julius Baer Foundation. Thanks to its clear objectives, broad personal support from the Board of Trustees, and technical and financial independence, the Foundation is an ideal instrument for our Group's long-term commitment. The Julius Baer Foundation was established in 1965 by Walter J. Baer. The areas supported by the Foundation were defined as "youth development, the arts, science, and social issues". Since 2001 the main focus has been on projects addressing the subject of "Youth and Violence". Selected scientific, cultural and charitable projects are also sponsored. On 1 January 2007 the Julius Baer Cultural Foundation (formerly the EvE Cultural Foundation) was integrated into the Julius Baer Foundation. Reflecting the Julius Baer Cultural Foundation's prime focus on the visual arts, the Julius Baer Foundation also supports artists, institutions and events in all cultural fields, particularly in German-speaking Switzerland. A key event is the annual award of a cultural prize.