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The North Orange County Community College District Foundation was incorporated in 1987 to assist in the achievement and maintenance of superior educational and community programs of the North Orange County Community College District.

The Foundation is a charitable, not-for-profit, tax-exempt organization under provisions of Section 501(c)(3) of the Internal Revenue Code, as well as a public charity, according to Section 509(a)(1) and 170(b)(1)(A)(vi) of the Internal Revenue Code.

In 2008, the Foundation bylaws were amended to, among other things, include the following expanded purpose statement:

"The primary purpose of this corporation is to assist in the achievement and maintenance of superior educational and community programs of the North Orange County Community College District by receiving contributions from the public, raising funds, and making contributions to educational, community, and legislative programs, and by developing, conducting, and financing programs and projects designed to benefit the educational and community programs of the North Orange County Community College District."

The bylaw changes also included the addition of campus CEOs as members of the Foundation Board of Directors and a standing committee to administer scholarship opportunities for North Orange Continuing Education students. To date, most transactions of the Foundation have involved administering the endowments of two scholarship programs for students at Cypress College and Fullerton College: the Nilane Lee Memorial Scholarship and the Walt Pray Memorial Scholarship.