The Python Software Foundation (PSF) is a non-profit organization that promotes and supports the Python programming language. Founded in 2001, its mission includes fostering the growth of the Python community, funding development projects, and organizing events like PyCon, the annual conference for Python enthusiasts. The PSF also manages the licensing and intellectual property of Python, ensuring that it remains open-source and accessible to everyone. By providing resources and support, the foundation helps developers, educators, and businesses utilize Python effectively, contributing to its widespread adoption in various fields, including web development, data science, and automation.