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The Needham Exchange Foundation’s primary mission is to support youth services either with educational grants for needy students that reside in or attend schools located in Needham, Massachusetts, or by supporting the efforts of other organizations, provided that such expenditures are for charitable or educational purposes in support of youth services. Additionally, the Foundation supports the charitable and/or educational activities of the Exchange Club of Needham and of the National Exchange Club Foundation.

The Foundation was founded in 2021 exclusively for charitable and/or educational purposes, and its specific objectives include raising funds and expending them for the benefit of other charitable and educational organizations qualified under section 501(c)(3) of the Internal Revenue Code of 1986.