Private institution managing the finances and administration of the Nobel Prizes
The Nobel Foundation (Swedish: Nobelstiftelsen) is a private institution founded on 29 June 1900 to manage the finances and administration of the Nobel Prizes. The foundation is based on the last will of Alfred Nobel, the inventor of dynamite. It also holds Nobel Symposia on important breakthroughs in science and topics of cultural or social significance. History. Alfred Nobel (; born 21 October 1833, in Stockholm, Sweden) was a chemist, engineer, innovator, armaments manufacturer and the inventor of dynamite.
https://en.wikipedia.org/wiki/Nobel_Foundation