When was the Nobel Foundation founded? The Nobel Foundation was founded on June 29, 1900. The Nobel Foundation was established in accordance with Alfred Nobel's will, which was signed in Paris on November 27, 1895, about one year before his death on December 10, 1896. Later, it was promulgated by the Swedish King in Parliament on June 29, 1900, which was officially established. There are 6 kinds of Nobel Prize, including 3 kinds in natural science: physics, chemistry, medicine or physiology. The other three are literature, peace cause and economics. The Nobel Prize is managed by a committee of the Swedish government. The physical, chemical and economic prizes are evaluated by the Royal Swedish Academy of Sciences, the physiological or medical prize is evaluated by the Caroline Institute of Medical Surgery in Stockholm, the literary prize is evaluated by the Swedish Academy of Literature, and the peace prize is evaluated by the five member committee elected by the Norwegian Parliament. Is there anything you don't understand?