Foundation began as a punk bar, and around 2004 began a conversion into a punk tiki bar at the prompting of manager Don Nelson. Today the bar has left its punk roots behind, and has completed the metamorphosis into a beloved and completely punk-free tiki bar. It is chock full of tikis, many carved by local tiki artist Lake Tiki. The menu is full of traditional and modern tropical drinks, served in tiki mugs.

In 2017, a fully tikified vacation rental was added above Foundation, the Captain's Quarters.