The Solomon R. Guggenheim Foundation is a nonprofit organization founded in 1937 by philanthropist Solomon R. Guggenheim and his long-time art advisor, artist Hilla von Rebay. The foundation is a leading institution for the collection, preservation, and research of modern and contemporary art and operates several museums around the world. The first museum established by the foundation was The Museum of Non-Objective Painting, in New York City. This became The Solomon R. Guggenheim Museum in 1952, and the foundation moved the collection into its first permanent museum building, in New York City, in 1959. The foundation next opened the Peggy Guggenheim Collection in Venice, Italy, in 1980. Its international network of museums expanded in 1997 to include the Guggenheim Museum Bilbao in Bilbao, Spain, and it expects to open a new museum, Guggenheim Abu Dhabi, in the United Arab Emirates after its construction is completed.