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The Nollywood Foundation, Inc. (NF) is incorporated as a nonprofit organization with 501(c)(3) status. NF's legal advisers Stinson, Morrison, Hecker LLP, a global law firm. The principals of Nollywood Foundation, Inc. are development banking, academic, and legal professionals.

NF's Board of Advisors

Mr. Robert Aft, Film Industry Professional
Mr. Mike Ajakwe, Playwright/Producer.
Ms. Ego Boyo, award winning Nigerian producer and actress
Ms. Alicia D. Ferriabough, entertainment attorney
Mr. Lancelot Imasuen, Producer
Ms. Thlema Machogo, Management Accountant
Mr. James Makawa, founder and CEO, The Africa Channel
Ms. Sandra Mbanefo Obiago, Producer, writer, and director of award winning documentary films
Mr. Bertrand Moullier, advises companies, governments, and nongovernmental organization
Dr. Abdu Mukhtar, Special Adviser to the Minister, Federal Capital Territory Nigeria
Ms. Uduak Oduok, Fashion Model/Journalist/Attorney
Ms. Ifueko Omoigui, Chairman of the Federal Inland Revenue Service of Nigeria
Mr. Osaze Osifo
Mr. Olusegun Oyekunle, Nigerian playwright and Hollywood consultant
Mr. Efere Ozako, Esq., Attorney & Publisher
Ms. Joke Silva, award winning Nigerian actress and Managing Director, Lufodo Productions
Mr. Makin Soyinka
Prof. Jason E. Squire, Professor, author, industry consultant and screenwriter
Ms. Phalana Tiller, Actress
Ms. Parminder Vir, OBE, Media and Arts Consultant, Executive Producer
Ms. Ngozi Mba