Established in 2005, the John S. Latsis Public Benefit Foundation is based in Greece and provides funding and support for a number of initiatives both in Greece and further afield. The foundation concentrates its efforts on a number of specific fields which includes scientific research, social welfare, culture and education. It has offices in Greece and Liechtenstein. The Latsis Foundation was established to honour the sterling public service work carried out by Greek entrepreneur and businessman John S. Latsis. The foundation itself is managed by a supervisory board that consists of the Latsis family members, Henrietta Latsis, Spiro Latsis Marianna Latsis and Margarita Latsis.
The supervisory board members are responsible for the allocation of funding and support offered by the Latsis Foundation and as such are required to discuss both their own programmes and initiatives and also third-party initiatives that may be worthy of their support. A high percentage of the initiatives supported by the foundation are based in Greece although they have also supported initiatives outside Greece in the past and are open to do so again in the future.,
The funding and support offered by the Latsis Foundation is allocated in two main ways. Firstly, funding and support is allocated to organisations that take part in programmes or initiatives that have been designed and implemented by the foundation itself. Funding and support can also be allocated to organisations that take part in third-party initiatives. The foundation supervisory board members assesses each situation on a purely individual basis and decides based on the merits of each case.
Due to the nature of its work, the Latsis Foundation takes great care to ensure that their support and funding reaches those that require it the most. The need for charitable assistance has risen steadily throughout the world in recent times and the foundation is aware of the need to allocate their funds efficiently and effectively in order to maximise their funding potential.