The Arctic Circle Founation is a nonprofit organization according to Icelandic law and is responsible for the financial aspects of the Arctic Circle.
H.E. Ólafur Ragnar Grímsson, Chairman of the Board
A sister foundation, Arctic Circle Foundation Inc. US has also been established with a non-profit tax exemption status under(IRC) Section 501(c)(3) according to American law.
Ólafur Ragnar Grímsson