The Iberostar Foundation was established in 2004 to manage Iberostar Group's philanthropic work. Its work is based on three areas of action: Education, People and Social Innovation. The Education area of action focuses on promoting a culture of solidarity, committed to fighting poverty and exclusion. The People area of action focuses on developing activities and projects that reach vulnerable or underprivileged groups. The Social Innovation area of action supports initiatives that strive for social transformation, global improvement, community progress or a shared benefit. Since the Iberostar Foundation was created, it has financed over 200 projects, directly benefiting more than 350,000 people.