The Cyprus Symphony Orchestra Foundation was founded in 2006 by decision of the Council of the Ministers, with the aims of developing and promoting the art of orchestral music, of improving musical life and education in the country, as well as the involvement of society in musical activities.
On 1st January 2007, the Foundation undertook the management of the State Chamber Orchestra and the State Youth Orchestra, (which were renamed Cyprus Symphony Orchestra and Cyprus Youth Symphony Orchestra respectively) with the aim of further expanding their promotion and activities. In addition, the Foundation, manages the Music School of the Youth Orchestra, the Pallas Theatre, the Creative Europe Desk Cyprus, as well as the Strings Workshop and in collaboration with the Ministry of Education and Culture, the Music Information Centre.
The Cyprus Symphony Orchestra Foundation is a not for profit organization. It is managed by a Board of Directors made up of nine members, appointed by the Council of Ministers. Three of the members are officers of the Ministry of Education and Culture: the then Permanent Secretary, who chairs the Board; the then Deputy Director of Cultural Services and the executive responsible for musical matters. The remaining six members are drawn from the private sector.
The main sponsor of the Foundation is the Government, which undertakes all the expenses of the Foundation and the Orchestras. In addition, the Foundation seeks to collaborate with various organisations in order to achieve better profile of its activities, organisation of complex programmes as well as the further advancement of community interactions.
Since its establishment, the Foundation has to a large extent progressed its objectives making its presence felt both with music lovers and wider audiences through concerts, and the educational and outreach programmes it organises.