From a modern point of view, the Foundation is a non-governmental non-profit public organization based on the membership of individuals, with a charter, attributes, symbols, rituals, organizational structure, treasury and other property. This organization pursues certain goals and objectives for the achievement of which it was created and carries out activities.

The fund was created to control the use of the world's oceans.
This applies to all bodies of water in the world, including freshwater. The Foundation supports and develops scientists, athletes and creative people who are ready to make efforts to achieve a common goal: control of the world's oceans, accounting for the flora and fauna of water bodies, the rational use of resources and the development of organizations that are somehow related to the World Ocean.