About

The primary mission of the foundation is to manage the funds and assets bequeathed by Nobel for the Nobel Prizes in Physics, Chemistry, Physiology or Medicine, Literature, and Peace. The foundation also has a subsidiary, the Nobel Media AB, which produces various content related to the Nobel Prize. The Nobel Foundation is responsible for overseeing the nomination and selection processes for the Nobel Prizes. It appoints different committees and experts to evaluate the nominations and identify the most deserving laureates in each category. The Nobel laureates are chosen based on their outstanding contributions and achievements in their respective fields. The foundation manages the financial investments of the Nobel funds and distributes the prize money to the laureates. It aims to ensure the long-term sustainability of the prizes by investing the funds wisely. Additionally, the foundation conducts research and educational activities to promote the values and ideals that Nobel prizes embody. The Nobel Foundation is governed by a board of directors, who are responsible for making strategic decisions and managing the foundation's operations. The board includes representatives from the Swedish Royal Academies and other prominent individuals. The foundation is financed through the returns on the Nobel funds and also receives donations from individuals, organizations, and governments. Over the years, the Nobel Foundation has played a vital role in recognizing and honoring exceptional individuals and organizations for their remarkable contributions to humanity. The Nobel Prizes are regarded as prestigious awards that carry significant international recognition. The foundation's commitment to honoring Nobel's legacy and promoting advancements in various fields has made it a renowned institution worldwide.