The Satakunta Regional Fund was founded in 1959 and is one of the Finnish Cultural Foundation's 17 regional funds. The Fund is devoted to promoting and developing the arts, the sciences, and other fields of endeavour in the region - by providing annual grants and awards and supporting other activities in the region's 22 municipalities.

Applicants born in the region are given priority when making grants, as is scientific or artistic work carried out in or covering the region, and major cultural and other projects across the region.

The Satakunta Regional Fund comprises a General Fund and donation- and bequest-based donor funds established by donors and bearing their name.

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 regional expertise and knowledge.