Matko and Vera Milicic Foundation (in Croatian: Zaklada Vera i dr. Matko Miličić - Maleško) was founded in January 2022 as the first and currently the only foundation based in Hvar. The purpose of the Foundation is to provide support to persons as well as legal entities to encourage and promote cultural, artistic, scientific, educational, health, or other social activities that promote the common good and action for the common good.
In its work, the Foundation is oriented towards the local community, primarily the islands of Hvar and Korčula in the Republic of Croatia. The foundation is oriented especially toward children and young people, talented students, innovators and scientists, experts and artists, as well as the local population. The Matko and Vera Milicic Foundation is fully funded by the founders' own funds.