The Foundation began operation in March of 1999 as an off shoot of the Billings Breakfast Exchange Club of Billings (BBECB) and qualifies as a 501(c)(3). The intent of the Foundation was to be able to continue the philanthropic endeavors of the Breakfast Exchange Club in the event the BBECB was to lose its funding source. The funding source is the sale of beer at the Billings Metra.
The foundation's primary goal is to provide financial grants to organizations that qualify as exempt organizations under Section 501(c)(3). The Foundation's areas of interest include:
The requesting organization or requested projects must be located in Yellowstone, Big Horn, Carbon, Musselshell, or Stillwater County, Montana. The Foundation advertises for grant requests in April/May and distributes funds to those organizations chosen in June.