n. (plural of fae English)
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 not-for-profit organization of conservative liberal ideology in Spain with strong links to the Popular Party (PP); it is even known informally as the "Popular Party's ideas laboratory". Its headquarters are in Madrid. Each year, FAES publishes an annual activity report, which can be downloaded from its website.