The Courtauld Institute of Art is a self-governing college of the University of London specialising in the study of the history of art. The Courtauld is one of the premier centres for the teaching of art history in the world; it was the only History of Art department in the UK to be awarded a top 5* grade in the most recent Research Assessment Exercise. It was founded in 1932 through the philanthropic efforts of the industrialist and art collector Samuel Courtauld, the diplomat and collector Lord Lee of Fareham, and the art historian Sir Robert Witt. Originally the Courtauld Institute was based in Home House, a Robert Adam-designed townhouse in Portman Square, London. Since 1989 it has been based in Somerset House. The Courtauld celebrated its 75th anniversary during the 2007-8 academic year.
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