Sabah Foundation is a State Government Statutory Body that was established with the objectives to provide education and educational facilities for all Malaysians in Sabah; to create opportunities for a more equitable distribution of economic wealth among the people in Sabah and to provide aids to charitable institutions and victims of natural disasters. Founded by the late Tun Datu Haji Mustapha Bin Datu Harun, Sabah Foundation manages a diverse portfolio of resources to supplement and complement the government's efforts in bringing socioeconomic progress for the people of Sabah.

The Sabah Foundation, today operationally referred to as Yayasan Sabah Group was established through Enactment No. 8 of the Sabah State Legislative Assembly in 1966. The man behind the establishment of Sabah Foundation was the Father of Independence of Sabah, the late Tun Datu Haji Mustapha Bin Datu Harun, whose vision was to promote a Malaysian consciousness among the people of Sabah. 

The objectives of the foundation are providing education and educational facilities for all Malaysians in Sabah; creating opportunities for a more equitable distribution of economic wealth among the people in Sabah; and providing aids to charitable institutions and victims of natural disasters.