Fondazione Fiera Milano was established in January 2000 to support, promote and guide the development of the exhibition industry and to oversee the transformation of the Milan exhibition system into a more modern, updated, and internationally competitive facility. One of the main objectives was to provide the Fiera Milano Spa  Group and the country with an avant-garde exhibition infrastructure that would be on a par with major exhibition hubs around the world.

It owns all the exhibition and congress assets of Gruppo Fiera Milano: the Fieramilano exhibition complex, the hotel facilities and executive offices at Rho-Pero, the new MiCo-Milano Congressi conference facility which is the largest in Europe and built in the historical exhibition pavilions in Milan.

Fondazione Fiera Milano performs functions of general interest, is a no-profit organization and fosters, promotes and increases the organization of exhibitions in Italy and overseas. Business functions focused on the organization of exhibitions and conferences are performed through Fiera Milano Spa, a company set up by Fondazione Fiera Milano and in which it has a majority shareholding.

In agreement with the authorities, since 2006 Fondazione has played a leading role in the Expo 2015 Promoting Committee, with Milan being awarded the event. Since 3 July 2012 Fondazione Fiera Milano has been one of the shareholders of Arexpo Spa, a company entrusted with managing and upgrading the areas that will be hosting the Universal Exposition in 2015.

Fondazione Fiera Milano places its Research Service, Academy and Historical Fair Archive at the service of  Gruppo Fiera Milano Spa and companies in the exhibition system.