The Church of San Giacomo is located at the Piazza San Giacomo, Foligno

Foligno

Foligno is an ancient town of Italy in the province of Perugia in east central Umbria, on the Topino river where it leaves the Apennines and enters the wide plain of the Clitunno river system...

, Italy.
The site on which the church was built in 1402 was originally the site of an old hospice, dedicated to St. James, as attested in a document of Pope Innocent III in 1210. The hospice and its chapel were passed on the Servite Order

Servite Order

The Servite Order is one of the five original Catholic mendicant orders. Its objects are the sanctification of its members, preaching the Gospel, and the propagation of devotion to the Mother of God, with special reference to her sorrows. The members of the Order use O.S.M. as their post-nominal...

 by bishop Paperone de' Paperoni in 1273. They transformed the main hall of the hospice into a church.