Manages and enables artists and architects to work in our time.

The Academy of Arts, independent since 1735, is governed by the statutes from 1773. 
The academy has no assets of its own, but manages over 100 funds and foundations with special purposes. Members are organized in around 30 working committees.

In 2023, the Academy of Arts distributed over SEK 11 million in scholarships, prizes and support to artists and architects. Below follows a summary of the statutes and how the Academy of Arts today works to fulfill them.

The purpose of the Academy for the Free Arts is to promote the development of painting, sculpture and construction as well as other forms of art belonging to the visual arts. In order to fulfill this purpose, the academy has in particular:

- To monitor matters of importance in the visual arts and the architectural arts and to provide the necessary information about them,

The Academy of Arts annually supports over 20 book and catalog productions in art and architecture.

- To prosecute these art forms with state powers and authorities,

The Academy of Arts for dialogues outside the media. The Academy has two representatives in the Beauty Council and has, for example, been involved in issues such as the rebuilding of Slussen, the academisation of artistic higher studies, opposed the merger of the State Council of Culture and the Artists' Board and supports organizations and businesses threatened with closure through letters to the parties concerned.

- To manage the academy's property with collections of art and archives acquired over time and make these available to researchers and the public,

The Academy of Arts digitizes its archives and collections for increased accessibility and answers daily questions from the public and researchers. The academy manages its own property, which is partly financed by renting premises to around 20 different tenants in various cultural areas, such as art, design, fashion, food and publishing.

- To promote artistic education, including taking care of art schools and their students, as well as, when the academy deems it necessary, to conduct continuing education in the visual arts and the architectural arts.

The Academy of Arts annually distributes around SEK 2 million to students at art schools and promotes interdisciplinary research through the Bernadotte program.

- To organize public exhibitions

The Art Academy annually presents around 20 exhibitions, always with free admission. The exhibition program is a mix of exhibitions curated by the Academy of Arts, exhibition grantees and artists who are given the opportunity to organize exhibitions themselves. This gives artists a platform to reach a wider audience and the possibility of sales without commission. Overall, the Art Academy's exhibition activities contribute to a diversity of artistic expression across generations and beyond trends. All exhibitions are approved by an exhibition board consisting of members of the Academy of Arts, and all exhibitors receive compensation according to the MU agreement.

- To promote research and development in visual arts and architecture through international contacts

Since the 1700th century, the Academy of Arts has promoted international contacts through travel and residence grants. The academy's book collection in art and architecture is registered in LIBRIS and is accessed and used by researchers even outside Sweden's borders.