Established under the provisions of Law No. 93 of 1958 in the Syrian Arab Republic, Fouadi was officially licensed by a Ministerial Decree No. 998 dated 23/5/2010 issued by the Ministry of Social Affairs as a not-for-profit non-governmental organization. The foundation initial aims were to support human development efforts, including combating poverty and alleviating unemployment by providing microfinance services, promoting education, improving health, and providing training and rehabilitation services to the most needy groups.
The Foundation commenced its activities on 1/11/2010 through the establishment of microloans in the area of Sfireh, Aleppo, and in parallel revived the traditional handicrafts in Jabal Al Hoss area by encouraging the women of the region to reproduce such handmade items. These works were promoted through the participation in local and international exhibitions.
In 2014, following the worsening of the humanitarian crisis in Syria, the foundation was added to the list of institutions nominated for relief work under the Humanitarian Response Plan set by the Syrian government. Fouadi realigned its activities on contributing to the implementation of such a plan. In cooperation with UN agencies working in Syria, Fouadi started implementing many relief activities in the fields of education, health and support for the displaced.