The Wolf Foundation began its activities in 1976, with an initial endowment fund of $10 million donated by the Wolf family. The Foundation's founders and major donors were Dr. Ricardo Subirana y Lobo Wolf and his wife Francisca. Annual income from investments is used for prizes, scholarships and Foundation operating expenses. 
The Foundation has a status of a private not-for-profit organization. Its objectives and prize administration details and procedures are grounded in the "Wolf Foundation Law-1975". Israel's State Comptroller oversees all Foundation's activities. In accordance with the above-mentioned Law, the Minister of Education and Culture acts as Chairman of the Council.

The Wolf Foundation congratulates the  Wolf Prize laureates for 2014

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