The mission of SPSF/BC is "to enable single parents to attain self-sufficiency through post-secondary education". Designed to supplement existing government assistance, college grants and loans, SPSF/BC implements a holistic approach to helping single parent students achieve their educational goals.

The SPSF/BC Board of Directors consists of a 15 member volunteer board who govern, set policies and provide oversight in the management of SPSF/BC funds.

The SPSF/BC Advisory Council is made up of volunteers who advise, interview students, help with student programs, and coordinate the annual benefit.