The LOEWE FOUNDATION was founded in 1988 with the mission to promote creativity, educational programs and to safeguard heritage in the fields of poetry, dance, photography, art and craft. In 2002, the foundation was awarded the Gold Medal for Merit in the Fine Arts, the highest honor granted by the Spanish government.

Originally established as a private cultural foundation by Enrique Loewe Lynch, a fourth-generation member of LOEWE’s founding family, the LOEWE FOUNDATION is today under the direction of his daughter Sheila Loewe. As president, Sheila Loewe now oversees the foundation's key projects including prestigious international prizes for craft and poetry, collaborations with leading arts festivals, and patronage in the world of dance. 

In 2016, Jonathan Anderson founded the LOEWE FOUNDATION Craft Prize, an international award for contemporary craft. With a €50,000 award for the winning entry, the prize aims to celebrate and support working artists whose talent, vision and will to innovate promise to set a new standard for the future.

The annual competition invites artists and makers to enter handmade works demonstrating exceptional craftsmanship and aesthetic value. Judged by a panel of leading design experts, the Craft Prize culminates in an exhibition and catalogue of shortlisted works.

In 1988, a time when poetry was thought to be the most neglected of the literary arts in Spain, the LOEWE FOUNDATION set up an international prize to promote artistic creation in poetry in Spanish. Backed by an exceptional jury, the award has since become one of the most important non-institutional prizes of its kind and a highlight in the international cultural calendar.

Every year the foundation awards a prize to an unpublished work of at least 300 verses and presents a Young Poets Award to a writer aged under 33. Both winning entries are published by Visor Libros.

With an ongoing series of projects dedicated to art, design and craftsmanship, the LOEWE FOUNDATION continues to build on the house's commitment to culture—a central pillar of LOEWE’s ethic and ethos.