The nine Fugger foundations have been in continuous existence since the 16th century. Jakob and Anton Fugger wanted to provide Augsburg citizens with places to live (Fuggerei) and medical facilities (Schneidhaus and Holzhaus). They also contributed to the salvation of the Fugger family (St. Anna) and better sermons in Augsburg (St. Moritz) as well providing for tributaries of their estates (Waltenhausen Infirmary).
The Fugger family's example was followed with donations from Veit Hörl and Dr Simon Scheibenhart; Dr Johannes Mylius provided funds for his own foundation. The family's goal is to enact the wishes of the benefactors through the centuries. In the Family Seniorat, they act as an honorary management body for the foundation.