Towards the end of 1997, friends of President Fouad Chehab decided to establish a foundation bearing his name. After several meetings held at the residences of Minister Fouad Boutros and Cheikh Michel el Khoury, the articles of association and the internal regulations were drawn up and the association holding the name of ‘The Fouad Chehab Foundation” obtained an authorization from the Ministry of Interior under number 17/AD dated 5/2/1998. The foundation’s main objective is to carry out intellectual and social activities to revive the values that President Chehab believed in and worked for.

The founding members were (in alphabetical order):
Dr Halim Abu Ezzeddine (former ambassador), Mr Nagib Boulos (lawyer), Mr Fouad Boutros (former minister), Mr Georges Frem (former minister), Dr Issam Haidar (former ambassador), General Ahmad el Hajj (former ambassador and retired brigadier general), Engineer Adel Hamiyeh (former minister), Dr Bassem el Jisr (journalist), Cheikh Michel el Khoury (former minister), Engineer Chafik Muharram, Dr Assaad Rizk (former minister), Dr Charles Rizk (former minister), Mr Youssef Takla (former minister), Dr Rida Wahid (former minister), Mr Sleiman el Zein (former minister).

In February 1998, and in their first meeting, the founders elected a temporary administrative committee for a period of one year which was composed of former minister Fouad Boutros (President), Ahmed el Hajj (Vice-President), Bassem el Jisr (Secretary) and Adel Hamiyeh (Treasurer). A year later, a regular committe was elected for 3 years with ambassador and Brigadier General Ahmed el Hajj as President, staying in this post for four mandates, from 1999 to 2011. Then, Mr Chafik Muharram headed the foundation from March 2011, serving for two mandates until 2017, and Dr Charles Rizk took over for another two mandates from 2017 till 2021.

The 12 members of the current administrative committee headed by Mr. Adel Hamiyeh (November 2021 – November 2024) are:
Adel Hamiyeh (President), Najib Boulos (Vice-President), Fares Maacaron (Secretary), Hady Nassif (Treasurer), Raphael Debbaneh (Representative of the foundation before the Government), Nassif Hitti, Ghaleb Mahmassani, Abed El Rahman Al Mawla Al Solh, Rashed Hamadeh,  Nael El Assaad, Simon Kachar and Rabih El Chaaer.