The primary mission of the Anchorage Folk Festival is to operate and perpetuate an annual folk arts festival in Anchorage, featuring live performance by the broadest possible representation of community performers.  The purpose of the Festival is to acquaint and educate the general public about the folk arts and to provide a symposium for the interchange of cultural and performance ideas regarding folk art in the community.

The Festival will maintain a tradition of free public admission and encourage live performance by non-professional artists, and shall be defined as a non-profit educational and charitable corporation in accordance with Section 501(c)(3) of the Internal Revenue Code.