The objective of the Foundation is to restore the current condition of "Szőke Tisza", a double-chimney, paddle steamship built in 1916-1917, called originally as "Károly IV", currently called as "Szőke Tisza", including rescue of the protected technical memories in the steamship, safe storage of all of its components under heritage protection and lifting of its submerged body. Otherwise the protected technical elements of the ship were declared by the Office of Cultural Heritage as protected assembly of objects.
The Foundation endeavors to reconstruct the ship raising external resources, restoring so its nearly original condition or - if reconstruction is not feasible in the absence of appropriate resources - to utilize the components of the ship as industrial historical value and memory for educational, museum and cultural purpose. To this end, the Foundation endeavors to reconstruct the steamship to become in a functional condition suitable for exhibition. Using the ship's other, non-protected components and searching and obtaining the other remains that can be associated with the ship and that are available elsewhere, the Foundation for Shipping participates also in establishing a "Szőke Tisza Ship Historic Site" in Szeged.
The objective of the Foundation is to search ships, shipping-related equipment and historical memories that are available in Hungary but out of use, abandoned or waiting for utilization and that represent an individual value in their construction or operation. The Foundation endeavors to purchase these objects, to provide for preservation of their condition and reconstruction, to preserve them for the future generation and, as possible, to exhibit them in a place available for the public. The Foundation will spend the profit that might arise from their operation for implementation of its public-interest activity.
The Foundation participates in raising shipping knowledge of the younger generation, in training and education of the new generation, and in achieving the conditions for admission to examination. It cooperates and, as far as possible, assists and supports the organizations having similar objectives.