The purpose of the Pratt-Northam Foundation is to continue the growth of The Black River Valley. The Black River Valley, from Boonville in the South to Carthage in the North, is what helped earn the money for this foundation, so it serves to give back to the community. With an emphasis on the youth of the community, the Foundation gives grants and other monies to help students in their summer work, and not-for-profit organizations with their activities.