Stiftung Braunschweigischer Kulturbesitz
The Stiftung Braunschweigischer Kulturbesitz (SBK) was established by Gesetz über die Stiftung Braunschweigischer Kulturbesitz of 16 December 2004 with effect from 1 January 2005 as a Stiftung öffentlichen Rechts with its seat in Braunschweig. History of origins Following the dissolution of the Braunschweig (region) on 31 December 2004, which until that date had held the assets of the "Braunschweig United Monastery and Study Fund" (founded in 1569) and the Braunschweig Foundation (founded in 1934), the need arose to create an institution that would be responsible for the continuity of cultural and historical identity of the . This happened with the founding of the SBK, under whose umbrella the other two foundations were united. Purpose of the foundation The primary purpose of the foundation is the promotion and preservation of cultural and historical traditions of the Brunswick Land and the former Brunswick Land. In addition to church, cultural and social projects, the Braunschweigisches Landesmuseum, the Staatstheater Braunschweig and the Technische Universität Braunschweig are also supported from the foundation's assets. The SBK is responsible for organising regional cultural promotion for the State of Lower Saxony. Foundation assets The foundation's assets amount to over 275 million euros and consist largely of real estates