The establishment of the Fund of the Directorate of Art Exhibitions of Uzbekistan was historically linked to the creation of the Academy of Arts of the USSR. In 1947, the All-Russian Academy of Arts was transformed into the Academy of Arts of the USSR in order to promote the development of fine arts in the USSR. The main tasks of the Academy were to ensure the sustainable growth and development of Soviet fine arts in all its forms, to actively support the development of artists' creativity, to work out issues of art theory and history, to develop Soviet fine arts, and to train and educate creative specialists (painters and graphic artists).