The Ateneo Art Gallery- widely recognized today as the first museum of Philippine modern art- was established in 1960 through Fernando Zóbel's bequest to the Ateneo of his collection of works by key Filipino post war artists. Through the years other philanthropists and artists followed Zobel's initiative, filling in the gaps so that the collection now surveys every Philippine art movement in the post war era: from neo-realism and abstract expressionism to today's post-modern hybrid tendencies. Artists represented in the collection include Fernando Zóbel, Vicente Manansala, David Cortez Medalla, HR Ocampo, Galo Ocampo, Arturo Luz, Impy Pilapil and Jose Tence Ruiz.
The Ateneo Art Gallery hosts innovative exhibitions and public programs highlighting works from its permanent collection as well as works from other collections for special thematic shows. The Ateneo Art Gallery also spearheads an exciting overview of young Philippine contemporary art annually through the Ateneo Art Awards, now recognized as "the most prestigious prize for an emerging artist in the Philippines.