The Falmouth Flag Day 5K over the past seven years, since the Falmouth Education Foundation became the event’s beneficiary, $50,000-plus has been raised from sponsorships and entry fees.

Falmouth Education Foundation was founded in 2004. Its mission is “to support and enhance educational excellence in the Falmouth Public Schools by awarding annual grants for innovative programs that are outside the district's operating budget.” The founders’ goal was “to provide educators the knowledge, training and materials necessary to remain at the forefront of educational excellence, and to ensure that budgetary constraints would not diminish the opportunity for innovation in our schools.”

Falmouth Education Foundation grew out of conversations in the summer of 2004 among residents whose children attended the Falmouth Public Schools. These FEF founders and designers wanted to provide our educators the knowledge, training, and materials necessary to remain at the forefront of educational excellence.  They wanted to ensure that budgetary constraints would not diminish the opportunity for innovation in our schools.

In February, 2009, Falmouth Education Foundation received the Community Partner for Public Education Award from the Massachusetts Association of School Committees.