PP Prasai Foundation was established in February 18, 2011 as a tribute to Late Prajapati Prasai, popularly known as PP. His sudden death on 5 September 1999 had left many of his dreams unfulfilled. The Foundation was established to keep alive PP’s aspirations of developing and promoting the education and tourism sector of Nepal while serving the people in need.

The Patron of the Foundation is Sharda Prasai, wife of PP Prasai. The foundation is headed by the President Shikher Prasai and is inclusive of experts and professionals from diverse background such as the social sector, media, medicine, tourism, education, and others contributing to the successful growth of the Foundation.