The Nobel Prize

The Nobel Foundation is an independent non-profit foundation based in Stockholm, Sweden. Established in 1900, the mission of the 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. The foundation is also tasked with strengthening the Nobel Prize's position by administering and developing the brands and intangible assets that have been built up during the Nobel Prize's history. The assets of the foundation are managed by the board of directors.The Nobel Foundation's investment portfolio is valued at SEK4.06 billion (USD$0.42 billion), with investments in domestic and international equity, fixed income, private equity, hedge funds and cash.