On August 2, 2010, The Matsushita International Foundation merged with The K. Matsushita Foundation of EXPO '90 and changed the foundation's name to The Konosuke Matsushita Memorial Foundation.
On April 1, 2012, the Konosuke Matsushita Memorial Foundation makes a new beginning as a public interest corporation in response to the reforms made in the public interest corporations system.

"The Matsushita International Foundation" was established in January 1988 with the awareness that the internationalization of Japan was an urgent task. The purpose of this foundation was to contribute to the advancement of international society by promoting international understanding and by developing personnel capable of promoting international understanding. To achieve these goals, the foundation provided funds for related research and projects.

Meanwhile, The K. Matsushita Foundation of EXPO '90 was established in December, 1988. At that time, the new foundation was formed by accepting a request from the "Expo '90 Foundation" to construct the "International Friendship Pavilion," with the aim of encouraging other countries to participate in "Flower EXPO '90," an international exposition held in Osaka in 1990.

After the EXPO was finished, the pavilion, surrounded by flowers and greenery, was donated to the city of Osaka to let the people use it for international exchanges for many years to come.
Since then, the Foundation has followed the concept of the "Expo '90 Foundation"—coexistence between nature and mankind—and continuously promoted the concept. Most notably, the Foundation created the K. Matsushita Foundation of EXPO '90 Prize, which is annually awarded to individuals and organizations based in Japan who have made significant academic contributions toward the fulfillment of this concept's goals.