The Nobel Foundation, a private institution established in 1900, has ultimate responsibility for fulfilling the intentions in Alfred Nobel’s will. The main mission of the Nobel Foundation is to manage Alfred Nobel’s fortune in a manner that ensures a secure financial standing for the Nobel Prize over the long term and that the prize-awarding institutions are guaranteed independence in their work of selecting recipients.
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The Nobel Foundation also strives to safeguard the prize-awarding institutions’ common interests and to represent the Nobel organisation as a whole. In the past two decades a number of outreach activities have been developed with the aim of inspiring and disseminating knowledge about the Nobel Prize.