The "Foundation" was formed in 1991 as a non-profit corporation for the purpose of reconstructing an exact replica of the Tun Tavern as a museum. It solicits tax-deductible contributions for that purpose.

The Foundation elected to enter into an exclusive Licensing Agreement (April 21, 1994) with Tun Tavern Brewing Company, Inc.; whereby the Foundation receives a license fee from sales of Tun Tavern beer and future product extensions.

Their mission statement is to rebuild Tun Tavern as a museum. The City of Philadelphia executed a 50 year lease in October of 1994 on a 7,000 square foot plot of land at the corner of 2nd & Spruce Streets with the Foundation. (See map below)

This real estate is in the heart of Penn's Landing Independence Historic Park, and is two blocks from Independence Hall and the Liberty Bell.