Prescott Township is a township in Faribault County, Minnesota, United States. The population was 222 at the 2000 census. Prescott Township was organized in 1861, and named for a pioneer settler. According to the United States Census Bureau, the township has a total area of 36.1 square miles, of which 35.9 square miles is land and 0.2 square mile …Prescott Township is a township in Faribault County, Minnesota, United States. The population was 222 at the 2000 census. Prescott Township was organized in 1861, and named for a pioneer settler. According to the United States Census Bureau, the township has a total area of 36.1 square miles, of which 35.9 square miles is land and 0.2 square mile is water.