The TRACE Foundation was established to promote, support and fund research, investigative journalism, publications, videos and related projects that encourage greater commercial transparency and advance anti-bribery education. The Foundation also awards scholarships, prizes and grants to individuals and entities working toward these goals and seeks generally to propagate understanding of the sources of corruption and the development of effective measures to reduce the scope and extent of the problem. The TRACE Foundation receives funding from TRACE International and TRACE Inc., two entities that share its mission. The Foundation has an independent board and exclusive decision making authority over the selection and execution of its projects and disbursement of its funds.