Founded in 1963, the North Savo Regional Fund is one of the Finnish Cultural Foundation's 17 regional funds, and is devoted to promoting and developing the arts, the sciences, and other fields of endeavour in the region - by providing annual grants and awards. Applicants born in the region are given priority when awarding grants, as is scientific or artistic work carried out in or covering the region. The Fund covers 23 municipalities.

The North Savo Regional Fund comprises a General Fund and donor funds based on private and public donations and bequests. Grants made from the latter are directed towards areas specified by the donor at the time of their bequest. Areas not covered by this procedure are supported from the general funds.

The Fund's activities and decision-making are impartial and not linked to political parties or other organisations or associations. Grants made by the Fund are decided by an 11-member Administrative Council representing a wide range of expertise and knowledge in the arts, the sciences, society, and business in the region.