Nóbelsstofnuninni
Nóbelsstofnuninni, also known as the Nobel Foundation, is a private organization established in 1900 to administer the will of Alfred Nobel, the Swedish inventor, engineer, and industrialist. The foundation was created to oversee the distribution of the Nobel Prizes, which were established in Nobel’s 1895 will. The prizes are awarded annually in recognition of outstanding contributions in physics, chemistry, physiology or medicine, literature, and peace, as well as economics—a prize that was added later and is not officially part of Nobel’s original bequest.
The Nobel Foundation operates under the authority of the Nobel Committee, which is appointed by the Royal
The Nobel Foundation plays a crucial role in promoting global recognition for excellence in various fields.