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The Foundation Vizcaína Aguirre made possible, in 1916, the creation of the University Comercial of Deusto.
Don Pedro de Icaza, fulfilling the will of his uncles Pedro and Domingo de Aguirre and with the support of the Basque business class, left the direction of studies in the hands of the Company of Jesus to undertake the project of La Universidad Comercial.
He created the Foundation Vizcaína Aguirre, acquired the land and paid for the building. In this manner, the generosity of the Aguirre family made possible the creation of the first centre in Spain to provide economic and business studies with university status..