The foundation has been formed in 18th of June 1998, on a statutory meeting, its activity being legally represented by the following legal order: 407/17.09.1998. 

The main goals of the Nexus Foundation:

Enforcement, development, financial and ethical support of the popular, - cultural- and folkways. Our foundation operates dance groups in Csíkszentdomokos (Zivatar and two more elementary dance groups) as well as in Balánbánya (Ördögborda Folk Dance Band, Prücskök folk dance group) and in Csíkszenttamás–here are also two dance groups which are supported by us. The Nexus Foundation is the maintainer and operator of the Ördögborda Folk Dance Band.