The Nobel Foundation is a private institution established in 1900 based on the will of Alfred Nobel. The main task is to manage the assets made available through the will, and the intellectual property related to the Nobel Prize that has developed over the years.
On 27 November 1895, Alfred Nobel signed his last will and testament, giving the largest share of his fortune to a series of prizes in Physics, Chemistry, Physiology or Medicine, Literature and Peace – the Nobel Prizes. In 1968, Sveriges Riksbank (Sweden’s central bank) established The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
Several outreach organisations and activities have been developed to inspire generations and disseminate knowledge about the Nobel Prize. The entities include: Nobel Prize Outreach and the Nobel Prize Museum, all located in Stockholm, as well as the Nobel Peace Prize, the Research & Information AS and the Nobel Peace Center Foundation, all located in Oslo. You can read more about these activities here.