The MMI Foundation was organized and incorporated for the purpose of stimulating voluntary private support from alumni, parents, friends, corporations, foundations, and others for the benefit of Marion Military Institute. The Foundation is governed by the MMI Board of Trustees & Advisors, and under provisions of ACT 230-2006 of the Alabama Legislature, the Board also acts as advisors to provide advice and counsel to the President and the Chancellor of the Alabama Community College System (ACCS). The MMI Foundation serves as the custodian for the MMI endowment, archives, and artifacts.
The MMI Foundation obtains, retains, and invests donations from private individuals and other entities to support the mission and priorities of MMI. The Foundation provides scholarships for cadets and necessary resources to improve and expand educational programs and facilities to a level not otherwise achievable with institutional funds alone.