Bank of Cyprus Cultural Foundation in Nicosia was founded in 1984. The Foundation's main mission is supporting the research of the Cypriot civilization, archeology, literature and art as well as promoting Cyprus' natural heritage.  To do that, the Foundation publishes books and magazines on art, history and literature and oversees a range of museums, exhibition halls and culture and science centers in Cyprus.

Bank of Cyprus Cultural Foundation is one of the key sponsors of the island's cultural development and with its work it helps to promote the idea of philanthropy throughout other organizations in Cyprus. The Foundation is located in an old administrative building that was built in 1936, in the historic center of Nicosia near Faneromeni Church.