What is FLAD?
The Luso-American Development Foundation (FLAD in Portuguese) is a private, non-profit, financially independent Portuguese institution.
Its main goal is to contribute towards Portugal’s development by providing financial and strategic support for innovative projects by fostering cooperation between Portuguese and American civil society.
It was created in 1985, from a decision made by the Portuguese government to create a private institution that on a permanent, flexible and independent basis would promote relations between Portugal and the United States, in the expectation that this type of exchange would further Portugal’s economic, social and cultural development. Its initial assets were formed by transfers of funds from the Portuguese government and resources resulting from the Cooperation and Defense Agreement between Portugal and the USA in 1983. Its initial endowments were € 85 million and since 1992 it has lived exclusively from the income on its assets, which now total more than €147 million.
The Foundation is a member of the main national and international foundation networks, namely the Portuguese Foundation Centre (CPF), the European Foundation Centre (EFC), the Council on Foundations and the Bellagio Forum for Sustainable Development.
The Foundation headquarters in Lisbon also house the bulk of the Foundation’s contemporary art collection.