Since 2007, the Saalesparkasse Foundation Art Prize has been awarded annually to an outstanding thesis in the art department of Burg Giebichenstein University of Art and Design Halle. It is endowed with 2,500 euros. In addition, up to three works are honoured with a recognition award and 500 euros each. The award is decided by a jury that changes annually, consisting of representatives from the university, the foundation and external experts. The jury has the difficult task of making a selection from a multitude of artistic positions and a wealth of different approaches. The idea for the art prize came from Ludwigshafen-based artist Gerhard Mauch, who also supports it. The proceeds from the sale of his series of paintings about Halle provided the financial basis for the prize.

BURG offers artistically gifted young people a broad spectrum of artistic and theoretical teaching and a place where they can test and professionalise their skills in intellectual exchange and practical collaboration with university lecturers and fellow students. Visionary thinking and design beyond commercial contexts are encouraged, as is the development of practical professional skills. In the spirit of art and design, freedom is offered and individual and unconventional approaches are encouraged.