The Solomon R. Guggenheim Foundation is a nonprofit organization established in 1937 by Solomon R. Guggenheim, an American businessman and art collector. Its primary mission is to promote the understanding and appreciation of modern and contemporary art through exhibitions, education, and research. The foundation is best known for its iconic museum in New York City, designed by architect Frank Lloyd Wright. In addition to the New York museum, the foundation supports several other institutions, including the Guggenheim Museum Bilbao in Spain and the Guggenheim Abu Dhabi in the United Arab Emirates. The foundation also awards fellowships to artists and scholars, fostering creativity and innovation in the arts.