One of the primary missions of Fondazione Studio Marangoni is the organization of local and international exhibitions.

FSM's exhibitions have ranged from faculty shows to two biennial festivals, the Biennale di Fotografia in Florence and Prato, held in exhibition spaces throughout the city in 2000 and 2002, and Focus on Italy organized in various exhibition spaces in New York City in 1999 and 2001. The exhibition Paesaggi Italiani (Italian Landscapes) was held in the Reali Poste exhibition space of the Uffizi Gallery in 1998.

In the last few years FSM has been invited to curate shows at major photographic festivals such as the Houston Fotofest, USA and the Rencontres Internationales de la Photographie in Arles and has organized a touring exhibition in the United States of the work of Luigi Ghirri.

In addition to hosting over 30 exhibitions, FSM provides the Italian photography community with a forum unlike any other in the country and at the same time collaborates with various foreign governmental institutions such as the British Council, the Institut Culturel Français and the Communauté Française de la Belgique.