Faribault Foundation administer financial resources to promote and enhance the quality of life for the greater Faribault community. 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 was founded as 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.