- The Foundation is governed by a Board of Trustees comprised of representatives from the community, the Minnetonka Board of Education, and the Minnetonka School District
- Is a registered, tax-exempt, non-political, charitable organization
- Is independent of the Minnetonka Public Schools District
The Foundation serves as a trusted partner of the Minnetonka Public Schools community by adhering to a clear set of beliefs that will guide our focus, actions, and decision-making.

The Foundation believes the following:
- Minnetonka Public Schools are the heart of our community.
- Outstanding public schools benefit the entire community — economically, culturally, and intellectually.
- Community involvement, through collaborations and private funding, improves the quality of public education.
- All students should have access to the resources they need to develop to their fullest potential.
- Minnetonka teachers deserve community support to enhance their professional development.