As APA reports, foundation President is Adalet Maharramov, Vice-President is Mr. German. The aim of Fred Asif Foundation is charity and directive ideas.

The foundation will aid Martyrs' families, Karabakh disables and their families, university students, solitary people and orphans.

The foundation also plans to make proposals and programs on statehood, patriotism and Azerbaijanism as well as creating jobs. The foundation leadership’ main motto is Fred Asif's words "Do so much charitable work that others take example from you".