Alexander S. Onassis Foundation
Wishing to honor the memory of his son Alexander, who died in 1973, in an airplane crash at the age of 25, Aristotle Onassis directed in his will that half of his estate should be transferred upon his own death to a foundation to be established in Alexander’s name. In 1975, the executors of the estate accordingly established a pair of foundations, incorporated in Vaduz, Liechtenstein: the Business Foundation, which acts as a holding company for the underlying business interests, and the Alexander S. Onassis Public Benefit Foundation which is the sole beneficiary of the Business Foundation.
All activities of the Alexander S. Onassis Public Benefit Foundation, from the time of its establishment to the present, are funded exclusively by the profits of the Business Foundation which engages mainly in shipping and real estate investments.
Read more about Alexander S. Onassis Foundation: Mission, Projects, Officers
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