Vehbi Koç Foundation, which is one of the first foundations of the Turkish Republic, was established on 17th January 1969 by Vehbi Koç with the aim to revitalize the custom of foundation dating far back, yet sunk into oblivion in Turkey. The Foundation started to carry out extensive activities in the field of education, health and culture, which are among the basic requirements of life for a modern and developing Turkey andhas been a model for philanthropists since its establishment. It founded many premises like schools, dormitories, libraries and clinics, and transferred those to the related public institutions. It paved the way by first establishing educational, health and cultural institutions, and then by managing them on a non-profit basis. In order to create equal opportunities, it provided scholarships to thousands of talented youngsters, who have limited financial means.