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The Foundation "Francesco Paolo Michetti" was established in 1952, a few years after the establishment of the national painting Prize dedicated to the great artist in Abruzzo. It is situated inside the Palazzo San Domenico and deals with the organisation of major cultural events, including the annual selection of one of the works that contribute to the Michetti prize. Many important artists and critics Italians, such as Renato Barilli, Filippo de Pisis and Aligi Sassu have linked his name to initiatives chaired by fondazione Michetti.