Pedro Barrié de la Maza, Count of Fenosa, created the Fundación in 1966, declaring it his universal heir. As a banker, businessman and promoter of outstanding initiatives, he dedicated his life (1888-1971) to work for the economic, social and cultural progress of Galicia, his native land. This motive inspired the mission of the Fundación.
Countess of Fenosa, Carmela Arias y Días de Rábago, the founder's widow, has presided over The Fundación Pedro Barrié de la Maza since 1971 up to her death in October, 2009. The current president is Jose Maria Arias Mosquera, also president of Banco Pastor. The Foundation's assets total more than 40,000 million Euros and stands as principal shareholder of Banco Pastor, the top bank of Galicia, with a 41.8% share of its stock. From 1966 to 1997, the Fundación has devoted more than 20,000 million Euros to its mission, at constant value.