Gerald and Frances Oleson started The Oleson Foundation in 1962. A foundation that was designed to continually perform good works in Northwestern Lower Michigan. The foundation is so organized that it may accept contributions from any individual or organization. Income from assets of the foundation as well as principal must be used "exclusively for charitable, religious, scientific, literary, or educational purposes either directly or by contributions to organizations" carrying out such activities. Funds of the foundation are not to be used for private profit, or for political purposes.