The Lalith Hapangama Foundation is the charitable organisation responsible for fulfilling the Hapangama family's philanthropic initiatives, serving as the charitable arm of the Lalan Group. Philanthropy has been integral to the Hapangama family's core values, with generations of the family involved in wide ranging humanitarian efforts in the past. The family's continuous support for those who need it most, predominantly through initiatives based on education, religion, medical assistance, and social empowerment, are amplified through the establishment of the Foundation. The Foundation ensures that the fundamental values of philanthropy, service, and generosity, which are of vital importance to the family, will assist and empower Sri Lankans for generations to come.

The initiatives that the Foundation aims to work towards focus on the overarching themes of Cancer Prevention and Awareness, Education, and Mental Health. Programs carried out in this regard assist and empower beneficiaries from within the Lalan Group, as well as everyday Sri Lankans beyond the scope of the Group.

The Foundation's efforts entail scholarship funds for students across all levels of education, the establishment of vocational training institutes and industry employment opportunities, female SME/self-entrepreneurship programs, mobile cancer screening units and widespread cancer awareness programs, as well as the establishment of mental health facilities comprising counselling services, gender-based violence support units, special needs assistance units, and rehabilitation services to provide greater access to mental health support outside of major cities.