The Faribault Foundation was established as a community foundation in 1999

by a group of community leaders, to enable people who love their community

to support it today and in the future. By combining gifts, great and small,

the foundation gives everyone the opportunity to be a philanthropist.

 

Most nonprofits commonly serve a singular need or demographic by providing

a specific service.  Community foundations are devoted to helping solve diverse and emerging community problems and strengthening new and existing community assets primarily by providing financial support. The Faribault Foundation has the flexibility to channel resources into multiple organizations to help address the most pressing community needs and the most exciting community projects. The unique purpose of the Faribault Foundation is to support what is important to Faribault today and long into the future.

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A major transformation in 2022-2023 established the policies and oversight that allows individuals, businesses and other organizations to estblish permanent endowments along with a variety of fund types within the structure of a community foundation.

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We have experiences significant growth and in December of 2025 were granted full accreditation by the Community Foundation National Standards.

The Faribault Foundation is on a mission to improve the quality of life in our region through the generosity of donors.​  Our eye is on high-impact, sustainable philanthropy… helping people who love Faribault make meaningful gifts to the causes they love -- today and tomorrow.

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Our Mission

The Mission of the Faribault Foundation, Inc. is to develop, manage, and administer financial resources to promote and enhance the quality of life

for the greater Faribault community.

 

The Faribault Foundation is a non-profit 501(c)3 tax-exempt public charity

that allows individuals, businesses, and other organizations to establish permanent endowments and temporary funds within the structure of a single large foundation. These funds are managed by a board of directors comprised

of Faribault area residents.

 

Our Purpose

The purpose of the Faribault Foundation is to promote and enhance the quality of life for the greater Faribault community by:

 

• Attracting charitable gifts and promoting community philanthropy

• Serving as a responsible fiscal host for the funds collected

• Being a leader by building nonprofit capacity in the community

• Serving as a catalyst and convener to help identify and solve local concerns and challenges

• Being a community resource, offering services to donors, nonprofits, and others

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