The Ted Arison Family Foundation was founded in 1993 by the business man Ted Arison z"l and his daughter Shari Arison. The foundation's perspective is giving, based on three values: charity, kindness, and Tikkun Olam, out of the aspiration for creating a meaningful change, encouraging excellence and social responsibility, and the creation of a better society. The foundation is a private, family initiative and does not raise funding from other sources. Every year, the foundation donates approximately 25 million dollars to different projects and hundreds of organizations and foundations, which operate in different fields such as health, education, children and youth, culture, art and sports, underprivileged communities, disabilities, scholarships, and research.