Preservation Fund brings together key directors of cinémathèques in Latin America, film archives, and the Academy of Motion Picture Arts and Sciences to meet in a roundtable environment with the purpose of awarding a grant every year for the restoration and archival of a classic Latin film. The condition of archived films has been decaying as Latin countries are faced with tough economic times. Without a legacy of viewable films, it is impossible to teach the next generation the accomplishments and history of Latin cinema. The film restored through the grant will be given a special presentation during the year or during the next year’s Festival.