The work of the Foundation is controlled by its boards. The boards and the team practise a transparent and fair system of decision making and implementation. This is how it works in practice: the Savings Bank Association, the very same one which was founded in 1819, elects the members of the Supervisory Board and approves the funding budget. The Supervisory Board appoints the members of the Managing Board and supervises the Management of the Foundation. The Managing Board runs the Foundation and decides about project funding. The Advisory Board advises the Managing Board regarding content policy and programmes.