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ISAW is a center for advanced scholarly research and graduate education, intended to cultivate comparative and connective investigations of the ancient world. It will feature doctoral and postdoctoral programs, with the aim of training a new generation of scholars who will enter the global academic community and become intellectual leaders.

Pierpont Morgan's immense holdings ranged from Egyptian art to Renaissance paintings to Chinese porcelains. For his library, Morgan acquired illuminated, literary, and historical manuscripts, early printed books, and old master drawings and prints. To this core collection, he added the earliest evidence of writing as manifested in ancient seals, tablets, and papyrus fragments from Egypt and the Near East. Morgan also collected manuscripts and printed materials significant to American history.