In 2010, the benefactors established a family charity foundation – the Boris and Ināra Teterev Foundation whose aim is to support distinguished and socially important charitable initiatives.
The Teterev family are particularly keen on supporting culture, education, as well as community development organizations in cities and rural areas of the country and also on animal care programs. They help groups of people with low income and families at risk. The foundation operates internationally and supports charity projects abroad.
The benefactors, the Teterev family want to spread and promote charity ideas among other wealthy people in Latvia based on their positive and successful experience.
In 2011, the Teterev Family Foundation was awarded Special Annual Prize for benefactions by the State Inspection For Heritage Protection of the Republic of Latvia, UNESCO National Commission Latvia and the association ‘ICOMOS Latvia’.
In 2011, the Foundation was awarded a diploma for high quality work for the people and significant contribution to promoting volunteer work in Latvia by the Ministry of Education and Science within the framework of the European Year of Volunteering.