For more than forty years we have been serving Puerto Rico and promoting the vision of our founder Rafael Carrión, Jr., (Don Papi): true progress rooted in the community and led by its members.
We were initially incorporated as the Fundación B.P.P.R. Inc. on December 21, 1979, although the dream of creating it had been born much earlier. The initial injection of $500,000 was the result of an excess reserve from a complicated transaction in which Popular acquired part of the Banco Crédito y Ahorro Ponceño. Don Papi understood that a philanthropic structure was necessary to amplify Popular's social commitment value.
The legacy of Don Papi’s dream transcends program funding, financial figures, and the number of people impacted. Instead, is to highlight the wealth of knowledge that Puerto Rican communities own on how to solve problems and overcome challenges.
Today and tomorrow, we reaffirm our goal of amplifying community voices and honoring the experiences of those most directly affected by inequality.
The historic investment of $50 million in more than 300 organizations that have impacted tens of thousands of youth, children, and adults who deserve to live in a more caring and prosperous Puerto Rico is a shared achievement. The respect we feel for our partners and the genuine admiration for their unwavering commitment is our reason for being.