KEDO Ltd was founded in 2015 by the six Pallas Athena Foundations established by the Hungarian National Bank. The Pallas Athena Foundations established by the Hungarian National Bank started operating in 2014. Working in different fields, the six organisations aim to support important social issues (education, research, culture, artistic areas) along shared values. They jointly founded KEDO Ltd in November 2015 with a share capital of 12 billion HUF to drive the practical implementation of the concepts developed.