The purpose of the Fund is to commemorate Muslim Magometovich Magomaev.

Following its charter purpose the Fund’s activities are as follows:

• Organization and conducting of M. Magomaev international vocalists contest;
• Developing of awareness in the area of music;
• Provision of support to gifted children and young musicians;
• Organization and conducting of contests, concerts, festivals, road tours;
• Organization and conducting training events;
• Staging of theatre plays;
• Production of movies and TV programs;
• Development and implementation of design projects in the area of acting space, costumes, architecture, printwork;
• Product of music and printing work;
• Engagement of professional directors, producers, script writers and so on;
• Charitable and social activities.