Press release from the Nobel Foundation

Statement from the Nobel Foundation regarding today’s information about the Swedish Academy

5 October 2018

“Today the Nobel Foundation has learned about developments made over the past 24 hours with the work of restoring the Swedish Academy. What has happened, in our assessment, is a step in the right direction,” says the Chairman of the Nobel Foundation, Carl-Henrik Heldin.

The Nobel Foundation will continue to closely follow the progress of the Swedish Academy, focusing specifically on its role of awarding the Nobel Prize in Literature.

The Nobel Foundation has overall responsibility for the Nobel Prize and an obligation to fulfil the intentions of Alfred Nobel’s will. That is why the Nobel Foundation over the past months has had a close dialogue with various representatives from the Swedish Academy and the Royal Court of Sweden. The aim has been to contribute in helping the Swedish Academy restore trust as a Nobel Prize awarding institution.

 

 

Nobel Foundation

The Nobel Foundation is a private foundation established in 1900 on the basis of the will of Alfred Nobel and the founding statutes promulgated in connection with the will. Its primary purpose is to ensure that the intentions of the will of Alfred Nobel are fulfilled. The Foundation is responsible for ensuring that the assets made available for awarding the Nobel Prize are managed in such a way as to safeguard the economic base of the Prize in a long-term perspective and guarantee the independence of the prize-awarding institutions in their work of selecting Laureates. The Nobel Foundation is also entrusted with managing and carefully developing the trademarks and intangible assets that have been built up during the more than century-long history of the Nobel Prize.

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