The foundation was created to act as a support organization to the educational system of Wakefield. The initial goal was to enhance the educational experience for the children of Wakefield. Over time this goal has been expanded to include programs that benefit all. The Wakefield Educational Foundation is governed by a board of directors who are elected from the general membership. The Board of Directors appoints the President and Treasurer while the Clerk's position is automatically held by the Superintendent of Schools in Wakefield.
Membership is open to all concerned citizens.