Article 1: The Corporation’s Purpose


Section 1

An independent, non-profit institution, the corporation was chartered in 1946 by the Board of Regents of the University of the State of New York with the following purposes:

“(1)     To be organized and operated exclusively for charitable, educational, and scientific purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (or the corresponding provision of any future United States Revenue Law);

(2)       To acquire, plan, construct, and operate laboratories and other facilities for research, development, and education in the physical, biological and social sciences and to educate and train technical and research personnel and the general public in said fields;

(3)       To constitute an agency through which universities and other research organizations will be enabled to cooperate with one another, with governments and with other organizations toward the development of scientific knowledge in the fields hereinabove set forth:

(4)      To accept and collect pledges, donations and contributions from universities, other organizations and individuals toward the construction, maintenance and operation of the foregoing laboratories and facilities and of all services incident thereto.”