The Fundación Juan March was founded in 1955 with the mission of promoting culture in Spain. It organizes exhibitions, concerts and conferences. It houses a Library specialized in contemporary Spanish music and theater, illusionism and curatorial studies, as well as a a Data Laboratory. It is also the custodian of the Museo de Arte Abstracto Español, in Cuenca, and the Museu Fundación Juan March, in Palma, where the collection of 20th century Spanish art is exhibited.