It is a publicly supported 501(c)(3) non-profit organization that carries out an extensive program of fellowships, grants, intern and trainee J-1 visa sponsorship, publishing, membership offerings, and cultural events.
The foundation is governed by a board of trustees of individuals from the United States and Scandinavia, representing diverse interests, yet linked by personal or professional ties to the Scandinavian countries.
The five Nordic heads of state serve as the organization's patrons: Carl XVI Gustaf of Sweden, Harald V of Norway, Frederik X of Denmark, Ólafur Ragnar Grímsson, and Sauli Ninistö.
The Foundation's internship and training programs enable young Americans and Scandinavians living abroad to receive practical working experience in fields such as engineering, shipping, law, finance, agriculture, and technology.
It covers all aspects of life in contemporary Scandinavia with an emphasis on areas in which Scandinavian achievement is renowned: art and design; industrial development; and commercial, political, economic, and social innovation.