The Picchi Brothers Foundation was established in 1993 by Pietro and Antonio Picchi. Antonio Picchi passed away in 1994, and left a substantial bequest to the Foundation to establish its work.
This initial funding also represented part of the assets Pietro and Antonio had inherited from their older brother, Vittorio, a non-smoker, who died from lung cancer.
Pietro Picchi was the last of the brothers to pass away in 1998.