Its general mission is the creation, promotion and development of all types of cultural activities, especially books and reading. The Foundation conducts its programs at three centres, located in Madrid, Salamanca and Peñaranda de Bracamonte. In the words of president Germán Sánchez Ruipérez: "Our Foundation is charged with an ambitious cultural and educative project in a democratic society. To stimulate the varied forms of cultural creation, to contribute to the promotion of reading, enhancing education, innovation, and the development of university studies, these are objectives that orient our actions."