In March 2014, SACC-DC in cooperation with Saab North America established the Lars Bjerde Memorial Fund in support of the existing internship program at SACC-DC. The fund was created in memory of the years of dedication and effort that the late Lars Bjerde provided to the Swedish-American Chambers of Commerce network. The purpose of the fund is to support professional relations between United States of America and Sweden by fostering a mutually advantageous business culture through the internship program at the Chamber. The fund is administered by a committee established by the Board of Directors of SACC-DC. The committee distributes financial means from the fund for the purposes set forth above.