The John S. Latsis Public Benefit Foundation was officially formed in 2005 and includes current Latsis family members.The foundation is based in the Pallas Athena, an historical building near Athens. The foundation aims to continue the excellent public service work carried out by John S. Latsis. The Greek businessman and extremely successful entrepreneur dedicated much of his time to providing funding and support for groups and organisation that required it.
The John S. Latsis Public Benefit Foundation possesses a supervisory board consisting of Henrietta, Marianna, Margarita and Spiro Latsis. This supervisory board is responsible for ensuring that the funding provided to groups and organisations is maximised to its full potential. The foundation is particularly interested in initiatives that involve fields such as scientific research, social welfare, education and culture. The foundation aims to support groups and organisations that have a desire to take part in initiatives in these fields. Funding is primarily provided to groups and organisations in Greece, although there have been instances in the past when Greek expatriates have also been the recipients of support.
The majority of the funding and support provided by the John S. Latsis Public Benefit Foundation is divided into two broad categories. The first category concerns the provision of funding and support for groups and organisations that wish to take part in schemes that have been planned and implemented by the foundation itself. The foundation provides the facilities, equipment and knowledge together with any necessary funding or support that may be required. The second category is in relation to schemes and initiatives that have been planned and implement by third-party organisations. Such schemes and initiatives are assessed by the foundation prior to support and funding being offered.
The John S. Latsis Public Benefit Foundation is aware of the need to maximise funding. They take great care to ensure that all of the support and funding is allocated to schemes and initiatives that will provide maximum benefit to all involved. In addition to this, the foundation considers the impact of each initiative on the general public. With an increased number of groups and organisations requiring support, the foundation is keen to ensure that funding reaches those that need it the most.