original holding company, Rumasa, was expropriated by the Spanish government. Foundation Ruiz Mateos The Ruiz-Mateos Foundation was created in 1978 under the sponsorship of the Ruiz-Mateos family, for the stated purpose of developing cultural pursuits, especially the visual arts, music and literature. The foundation runs competitions annually, and awards a prize called the "Villa de Rota" in each of these three areas. The Foundation's collection of contemporary art is funded by the competition entrance fees and by the donations of exhibitors who use its exhibition rooms. Among other artists, the museum exhibits works by Manuel Benitez Reyes, Wenceslao Robles and Francisco Luque. The Foundation museum, created in 2005, is located in an old family house built in 1865. References Further reading Ramón Tamames. La economía española : 1975–1995 La colmena, internal magazine of the Rumasa. External links 1931 births 2015 deaths 20th-century Spanish businesspeople 21st-century Spanish businesspeople MEPs for Spain 1989–1994 Spanish fraudsters People convicted of tax crimes Scandals in Spain Spanish prisoners and detainees Spanish politicians convicted of crimes Populism in Spain Spanish political party founders