Yes, Zurb Foundation 5 and jQuery 3 are incompatible. Foundation still uses the load
function, which was deprecated 4 years ago in jQuery 1.8 and finally removed in jQuery 3.0. Since there is another jQuery Function called load
, which is called instead, you get this rather cryptic error message.
Even the current relased Version of Zurb Foundation 6.2.3 and jQuery 3 are incompatible. The fix for your problem is already merged and should be released with version 6.2.4 which was to be released about 2 months ago, but still isn't. (Its 78% complete according to the GitHub page)
So I guess the only solution is to a) ignore the error or b) patch the code yourself as described in this answer.
Update: Foundation 6.2.4 was released October 21, 2016 and now supports jQuery 3.