FAAP (Armando Alvares Penteado Foundation) was founded in 1947 by EarlArmando Alvares Penteado, whose objective was to support, promote and develop the plastic and scenic arts, culture and teaching.
The foundation is a cultural centre in São Paulo, housing one of the most eminent theaters in town (Teatro FAAP) and the Museu de Arte Brasileira (Museum of Brazilian Art). FAAP has received important exhibits, most notably the exhibit "China: A Arte Imperial, A Arte do Cotidiano, A Arte Contemporânea", the "Treasures of the Czars" display (including some of the Fabergé eggs), and in 2011 an exhibit on Grace Kelly, "Os Anos Grace Kelly" (Grace Kelly Era), inaugurated by Prince Albert of Monaco.