The King's University Foundation is an independent support organization that provides services to King’s relating to fund management, investment, and financial management. The Foundation also provides advice and direction to fundraising efforts designed to ensure the future of a high quality Christian university in Western Canada.

The impetus for the establishment of the Foundation came from a group of “concerned businessmen, farmers, and professionals” who began to meet in late 1982 and early 1983. Their concern centred around the University’s serious financial situation at that time. These dedicated individuals resolved to give personal leadership and financial support to the University to improve its financial position and provide support in fundraising.

In 1985, the Memorandum of Association was signed to formally establish the Foundation. 

The first Board of Directors included people from Alberta, British Columbia, Manitoba, Ontario, and Saskatchewan. The membership has undergone several changes over the years. Currently, there are 79 members and six honorary members, representing all regions of Canada, with a maximum of 11 members forming the Board of Directors. The day-to-day administration is managed by an Executive Director, who works on a part-time basis.