The Stellar Development Foundation does indeed comply with all of the requirements of being a non-stock and nonprofit corporation, being organised under the laws of Delaware. However, the company is not tax-exempt and the foundation has announced that it has no plans to seek such status. Nonetheless, the nonprofit nature of the Stellar Development Foundation does have an impact on the way that Stellar operates, as the organisation that oversees the project is fundamentally unmotivated by profits, share value and dividends.