The Lloyd G. Balfour Foundation, established in 1973, focuses on honoring the legacy of its founder through three main areas: supporting educational scholarships for Balfour Company employees and their descendants, aiding organizations in Attleboro, Massachusetts, especially those offering educational, human services, and healthcare programming to underserved populations, and supporting educational institutions in New England that aid under-represented groups.
The grant program is particularly geared toward organizations that operate within Attleboro, emphasizing projects or programs that advance education, healthcare, and human services. Special attention is given to efforts that address the needs of the underserved. The guiding principle revolves around enhancing the quality of life in Attleboro, with a strong leaning towards education and medical services, following Mr. Balfour's directive to prioritize grants that promote “education, hospitalization or medical and surgical research.”