 In honor of his father in 1986 he set up Fundación Hernando de Larramendi, currently operating as Fundación Ignacio Larramendi; its declared mission is to promote "caridad en las relaciones sociales" in line with the Catholic teaching, to act as independent think-tank, to study history of Carlism and to support non-commercial scientific research.Most visible initiatives of the Foundation are related to dissemination of Carlist thought and promotion of Carlist studies.It keeps releasing digitalized collections of Traditionalist theorists, publishes mostly scholarly though at times also literary works within a "Colección Luis Hernando de Larramendi" series and awards Premio Internacional de Historia del Carlismo Luis Hernando de Larramendi, with the objective to "apoyar a los libros que aportan conocimientos objetivos para la verdad, no la verdad falsificada, no la verdad sectaria, sino la verdad a secas".