In 2003 Professor Joaquín Barraquer, together with Dr. Rafael and Dr. Elena Barraquer decided to take a further step in their vocation to help everyone as equals, and instituted the Barraquer Foundation, in order to provide eye treatment to populations in depressed areas of the world. That same year, Professor Joaquín Barraquer sold his Mercedes 540K gift to his father King Farouk Professor Ignacio Barraquer, of which only three units were known in the world. The benefits from the sale were the initial capital of what is now known as Barraquer Foundation.
After more than 100 expeditions since 2004 and more than 1350 surgeries, the Barraquer Foundation decides to change its activity and promote local action, at a medical, prevention, training, and research levels. It will also focus on international cooperation empowering local doctors by training them.