The Foundation for International Relations and Development Studies was created in 2007 as the management arm of the Institute. It is a private foundation that receives subsidies from the Swiss Confederation and the Canton of Geneva to fulfil its public service mandate.
Membership of the Foundation Board is composed of independent individuals appointed by the Federal Council and the State Council of the Canton of Geneva. Relations between the Foundation and public authorities are governed by a Convention that sets out quadrennial goals (2008-2011); it also decides the value of the grants to be given and defines the objectives to be achieved.