Iran National Science Foundation is a legally independent governmental institute, which is administered by a board of trustees. It is located in presidential institute. The assets of this foundation are supplied via governmental aids, bank facilities, investments of its own surplus assets, receiving financially and non-financially from true or legal persons. President of the foundation has the highest position in INSF, and the board's approval and under the order of the chairman of the board of trustees he will preside over the foundation for a four-year period of time. The current president of the foundation is Dr. Mohammad Farhadi.