The stated purposes in the Foundation's Articles of Incorporation include the following:

To provide financial assistance by gifts, grants, scholarships, loans or otherwise, to needy and deserving students, undergraduate and graduate, duly enrolled in good standing in any college, university or other institution of higher learning in the United States of America or in the Dominion of Canada...

To provide improved or additional educational reference material or equipment for students at such colleges, universities, or other institutions for higher learning.

To provide intellectual guidance and encouragement to undergraduate and graduate students in these schools through visitation, counseling, presentation of material of intellectual interest, or by establishment of prizes, honoraria, or other forms of recognition of intellectual interest or achievement.

To supplement the work of such schools in the encouragement and promotion of scholarship, character, and morality of students.

To permanently and exclusively devote principal and income from property that the corporation may hold to the stated educational and charitable purposes.