The FAES (Fundación para el Análisis y los Estudios Sociales or "Foundation for Analysis and Social Studies" in English) is a Spanish think tank. It is a non-profit liberal-conservative organisation with strong links to the People's Party (PP); it is even known informally as the "People's Party think-tank".[neutrality is disputed] Its headquarters are in Madrid. Each year, the FAES publishes a Report on Activities, which can be downloaded from its website.