The Phoebus Foundation is an art foundation under Anglo-Saxon law with philanthropic objectives. The foundation acquires art and provides a professional framework for the conservation and management of art works, ensures their preservation and restoration and aims to achieve a high level of scientific research. The results of these efforts are shared as widely as possible by means of exhibitions and loans, cultural events, symposia and publications.
The Phoebus Foundation was established with a view to ensuring the future of the collection, which was initially a private collection, owned by Fernand Huts and Karine Van den Heuvel and/or the family-owned Katoen Natie group. The Foundation wishes to recover high-quality pieces and bring them back to Flanders. In order to safeguard the collection against any claims by family members and the industrial and financial risks run by the Katoen Natie group, it was transferred to an independent legal structure, set up specifically for property rights management. Neither Katoen Natie nor the Huts family are beneficiaries of the Phoebus Foundation. As a consequence, the Foundation’s works of art can never be sold off to benefit the company and/or the family.