The University of the Arctic Foundation (US) was established on June 7, 2019. As stated in the Articles of Incorporation: The Corporation is organized exclusively for the charitable, scientific, and educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the Code), including, without limitation: to support Arctic higher education efforts of the University of the Arctic, also known as UArctic, and UArctic ry, a cooperative forum of universities, colleges, research institutes and other organizations in matters regarding northern regions, organized and headquartered in Rovaniemi, Finland, including participation by US higher education institutions and their students, faculty and staff, in activities of the University of the Arctic.