Michael Cacoyannis set up the non-profit making foundation Michael Cacoyannis Foundation in 2003. His ambition was the creation of a modern cultural institution with its own distinctive identity, which would engage in the study, support and promotion of the Performing Arts, particularly Theatre and Cinema. It would embrace modern technology and develop new ideas, breaking new ground without ever compromising the principles of artistic integrity to which Michael Cacoyannis himself has been faithful throughout his career.

In the spirit of the same vision, MCF has both set and accomplished its first goal: the construction of it's Cultural Centre, a 6,810-square-foot facility on Piraeus Str, home to the foundations activities.