The Prince Alfred College Foundation has played a vital role in raising funds for the ongoing development of the College for more than thirty five years. Its first project was the establishment of the Scotts Creek Outdoor Centre in the mid 1970s, and in recent times a long list of projects have been supported, including:
- Health and Sports Centre - $2M gifted by the Foundation in 2010 and 2011
- Early Learning Centre - $1M gifted by the Foundation in 2009
- John Dunning Sports Centre - $1M gifted by the Foundation in 2008
The Foundation strives to strengthen the Princes community by encouraging interaction in all aspects of College life, and to further the tradition of philanthropy which enabled the establishment of Prince Alfred College in 1869.