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.

Sharda Prasai, wife of PP Prasai, is the Patron of the Foundation. It is headed by the President Shikher Prasai and includes experts and professionals from diverse backgrounds in the various committees and advisory body.