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The Friedrich Ebert Foundation ("German: Friedrich-Ebert-Stiftung e.V.; Abbreviation: FES") is a German political party foundation associated with the Social Democratic Party of Germany (SPD), yet independent of it. Established in 1925 as the political legacy of Friedrich Ebert, Germany's first democratically elected President, it is the largest and oldest of the German party-associated foundations. It is headquartered in Bonn and Berlin, and has offices and projects in over 100 countries. It is Germany's oldest organisation to promote democracy, political education, and promote students of outstanding intellectual abilities and personality.