The actual President of the Foundation is Luís Braga da Cruz, former Portuguese Finance Minister. History During the immediate period after the 1974 revolution, the city of Oporto hosted several social movements that demanded the creation of an exhibition space in the city, in order to exhibit art produced at that time. The importance of several initiatives - in particular the Centre of Contemporary Art, which was managed from the outset by Fernando Pernes and which remained in operation until 1980 - played a key role in consolidating the artistic universe in Oporto. These achievements were recognized by the Secretary of State for Culture, Teresa Patrício Gouveia, when she chose the city as the location for the future National Museum of Modern Art. The State acquired the Serralves Estate in December 1986 for this purpose. On this date, and prior to the creation of the Serralves Foundation in 1989, a Founding Committee was constituted, whose members were Jorge Araújo, Teresa Andresen and Diogo Alpendurada. Serralves Park and Villa were opened to the public on May 29, 1987. The creation of the Foundation, via Decree-Law no. 240-A/89, of July 27, signaled the beginning of an innovative partnership between the State and civil society - encompassing around 51 public and private sector bodies at that time. The Foundation signed a contract in March 1991 with the architect Álvaro Siza to design the Museum building. The Museum was inaugurated on June 6, 1999. To house the art collection of Serralves (estimated in more than 4,000 works in 2014), the Foundation promoted in 2008 an international competition for the architectural design of Pólo Serralves 21, a multifunctional building and museum branch in Matosinhos on the former grounds of EFANOR (Northern Manufacturing Company), owned by Sonae the company founded by Belmiro de Azevedo. The winner project was designed by the architects Kazuyo Sejima and Ryue Nishizawa of the Japanese studio SANAA (Pritzker prize in 2012). However, the project was canceled in 2010 due to lack of funding and agreement with the local government of Matosinhos. In September 2014, an enlargement project was presented by Alvaro Siza to expand the premises of Serralves by transforming the garage of the Villa in the new Casa do Cinema Manoel de Oliveira. Museum The Serralves Museum opened in 1999 in order to give Porto a space dedicated to contemporary art. The programming combines in-house production of exhibitions with co-productions