The Reinhard & Raja Klarmann Foundation is established as a Swiss non-profit foundation with the goals of:
- Supporting and motivating master program law students at the University of Lausanne with the annual Reinhard & Raja Klarmann Foundation – Award for the best thesis in the field of international and multicultural business law. Reinhard received a similar prize for his dissertation on Islamic Project Finance.
- Allowing Reinhard and Raja’s daughter, after she has graduated from her studies, to enter the Foundation’s Board of Directors to become part of an entity that honours her parents.
- Additionally, the Board of Directors may agree to utilize certain of the Foundation’s resources to support victims of mountains accidents.