Dedicated to the Annunciation to the Blessed Virgin Mary, it has been described as the "spiritual beacon" of Fruška Gora and "Second Studenica".

[1] Initially, the monastery enjoyed the financial support of Neagoe Basarab (who was married to Serbian princess Milica Despina of Wallachia), and Grand Prince Vasili III of Russia.

In 1690, during the Great Serbian Migration, the monks fled the monastery and moved to Szentendre taking valuables, relics and artifacts with them.

When the Ottomans were retreating in front of Prince Eugene of Savoy during the Austro-Turkish War of 1716-1718, they ransacked the monastery and burned it, but it was rebuilt later.

[1] Today's icons and paintings have been symbolically adapted from the original, Medieval period, to the Baroque era.

[1] Because of the large library, many scholars used to visit and stay in the monastery, including the poet Laza Kostić.

[1] Krušedol Monastery was declared a Monument of Culture of Exceptional Importance in 1990 and it is protected by the Serbian state.