The primary purpose of the White Bear Lake Area Educational Foundation is to solicit, manage and distribute supplemental funds for enrichment purposes and to create a perpetual source of funds for educational programs and projects which are not within the budgetary guidelines of White Bear Lake Area School District 624 or for which tax dollars cannot be expended. The programs funded will emphasize the Foundation's mission to enhance the ability of School District 624 to provide excellence in education to all students.

Programs and activities of the Foundation are funded by donations, two major fundraisers the Foundation holds each year, and income earned on investment capital. In-kind and monetary gifts are accepted from individuals, corporations and other foundations. Through gifts of cash, stocks, bonds and other assets, or with planned gifts such as a specific bequest in a will or a charitable trust, individuals can support the tradition of educational excellence found in the White Bear Lake Area Schools.