 It was created in 1985, the fruit of a decision made by the Portuguese government to create a private institution that would be constant, flexible and independent in promoting 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 capital was PTE 17 billion and since 1992 it has lived exclusively from the income on its assets.  Between 1985 and 2000, it sponsored more than 8,000 projects, representing an investment of about PTE 18 billion. At the end of 2000, the Foundation's capital was about PTE 33 billion (bylaws and financial information). FLAD's support is channeled in different ways. It awards scholarships and sponsors institutional projects, training programs and exchanges, for example (programs and scholarships). A substantial part of the Foundation's activity consists of launching its own projects, which it manages alone or in partnership with other institutions. For further information please visit the FLAD website http://www.flad.pt/flad_en/  |
