CONDITIONS A-Z

  

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Dr. Spiro Latsis is one of four supervisory board members of the John S. Latsis Public Benefit Foundation. The Latsis Foundation creates and manages a number of public benefit initiatives throughout Greece as well as abroad. The foundation was created is 2005 as a way of continuing the public benefit work of Greek entrepreneur John S. Latsis.Dr.Latsis

John S. Latsis’s Legacy

John S. Latsis gained fame as a successful businessman but was also recognised as a humanitarian who wanted to give back to his community. Mr. Latsis created a number of foundations before his namesake foundation was established after his death. In 1967 he created the Ileians’ Scholarships Foundation that helped almost 2,000 undergraduate and postgraduate students from Mr. Latsis’s home region of Ileia fund their education. This scholarship fund continued until 2012 when the John S. Latsis Public Benefit Foundation took over the operations of the scholarship fund.

Mr. Latsis followed up this scholarship foundation with the Fondation Latsis Internationale in 1975. This foundation, based in Geneva Switzerland, is a non-profit organisation that provided annual awards to scientific research studies and groups; this was also taken over by the Latsis Foundation. Years later in 1991, Mr. Latsis created the Foundation for the Rehabilitation of Albanians of Greek Descent. This initiative was made with the intention of improving the group’s job market viability as well as its living conditions in the bordering Albanian towns. The foundation also provided over 1,000 Albanians of Greek descent with education and lodging; the programme came to an end in 2012.

Besides creating specific funds and foundations for his public benefit work Mr. Latsis also took it upon himself to help the people in his community in times of tragedy. For instance, in 1986 when devastating earthquakes hit Kalamata Mr. Latsis housed thousands of victims on his cruise ship for close to two years. In honour of his many charitable actions his family, including son Spiro Latsis, established the John S. Latsis Public Benefit Foundation.

The John S. Latsis Public Benefit Foundation

Currently, the Latsis Foundation operates in two ways. The foundation creates and manages a number of its own initiatives including scholarship funds and awards for scientific research and it also supports and funds third-party organisations and programmes. For example, the Latsis Foundation helps fund annual Christmas concerts and has recently given partial funding for a paediatric clinic. They’ve also helped sponsor educational programmes like moot court competitions and the Child Welfare Association.

Spiro Latsis’s Continuing Legacy

Dr. John Spiro Latsis earned his Bachelor of Arts in economics from the London School of Economics. He then earned his Master’s in Logic and the Scientific Method and a Doctorate in Philosophy from the same school. In 2003, after his father’s passing, he began managing his family’s fortune and took over his father’s shipping company, Consolidated Marine Management. Through his numerous business dealings he has increased his family’s fortune and kept them afloat in rough Greek economic times.

While maintaining a successful business life and a happy family life (Dr. Latsis is married and has three children), he also takes the time to make sure that his father’s namesake foundation is being run properly. As a member of the foundation’s supervisory board he is responsible for allocating funds and support to worthy causes in Greece and beyond.

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