The Petko Gruev Staynov Foundation was established in 1998 in Sofia by the composer’s heirs and some of hic close associates with the following aims:

• the popularize the work and social activities of the great Bulgarian composer in this country and abroad;
• popularization of the Bulgarian musical heritage and choral activities within this country and abroad;
• to promote the development of Bulgarian musical creative works, performing art and musical studies, with the emphasis on supporting young composers, performers and scientists;
• to advance the musical and other cultural activities in the composer’s home town of Kazanluk;
• to establish and maintain the “Petko Staynov” Museum in the composer’s home