On June 4, 2021, King Felipe and Queen Letizia presided over the annual meeting of the boards of trustees of the Princess of Asturias Foundation (Fundación Princesa de Asturias), held at Royal Palace in Madrid. The Board of Trustees of Princess of Asturias Foundation, which is composed of twenty or so persons, is responsible for the management of the Foundation, approving the budgets, determining action plans, etc.