Nobel Foundation

The Nobel Foundation is a private Swedish institution established in 1900 to manage Alfred Nobel’s estate and fund the Nobel Prizes.

Alfred Nobel: A Swedish chemist, engineer, and inventor whose will endowed the Nobel Prizes. His will supplied the capital and set the purpose the Foundation administers.
Alfred Nobel's will: Alfred Nobel’s 1895 testament directing most of his estate to annual prizes. Its instructions created the obligation the Foundation was formed to carry out.
Nobel Foundation Board: The governing board responsible for the Nobel Foundation’s administration and organization. The board directs the institution that manages Nobel’s estate and prize finances.
Nobel Prize laureates: People and organizations recognized with a Nobel Prize for work in designated fields. Their awards are the public outcome of the system the Foundation helps sustain.
Nobel Prize: A set of international awards established by Alfred Nobel’s will for achievements in several fields. The Foundation’s central responsibility is financing and safeguarding these awards.
Nobel family: A Swedish family known for its industrial enterprises and association with Alfred Nobel. Family members contested aspects of Nobel’s testament before its implementation.
Nobel Committee: A committee that evaluates candidates and recommends or selects recipients for a Nobel Prize category. Prize committees perform expert selection, a role distinct from the Foundation’s financial stewardship.
Nobel Prize ceremony: The annual presentation of Nobel Prizes, held in Stockholm and Oslo. The Foundation’s financial stewardship supports awards celebrated in these ceremonies.
Nobel Prize award process: The system by which designated institutions select laureates and announce Nobel Prizes. The Foundation funds the prizes, while separate institutions choose laureates.
Ragnar Sohlman: A Swedish engineer and executor who helped implement Alfred Nobel’s will. He worked to secure the estate and establish the machinery needed to realize Nobel’s plan.

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