Objectives and Functions

Overview

  1. To provide a medium for initiating, assisting, underwriting or otherwise helping in the promotion of education, scientific, cultural or social pursuits including pure and applied researches, studies and instruction in the social, biological and physical sciences and in the education, cultural and developmental fields; to secure and make available such materials and facilities as are necessary or convenient for the advancement of such researches, studies and instructions; to conduct studies, seminars, and conferences on contemporary situations and trends in the above-mentioned sciences and fields of endeavor and to publish and otherwise disseminate the findings, conclusions and results of researches and studies undertaken in connection therewith;

  2. To encourage, initiate, underwrite or otherwise undertake scholarships in the social, management and natural sciences and in the cultural, educational and developmental fields which will provide gifted and talented Filipinos with maximum training and facilities for acquiring the technical knowledge and skills necessary to help the country economically, socially, politically, and culturally in order to accomplish a comprehensive community development;

  3. To provide assistance to the UPV faculty in conducting researches, dissertations, pursuing further studies and the like which are necessary to continuously upgrade the quality of education in UPV;

  4. To act as a vehicle where UPV alumni and their associates can donate funds and properties for the promotion and development of education;

  5. To professionally manage the receipt of donations from any and all sources and its disbursement strictly in accordance with the Foundation’s purposes;

  6. To accept any donation, gift, bequest, devise or inheritance of any and all real and personal properties necessary, desirable or proper for the Foundation and to hold and acquire or sell or convey, or to lease a dispose of the same for the good and benefit of the Foundation;

  7. To disburse funds in carrying out the purposes, as well as in exercising the other incidental powers, of the Foundation and to invest and re-invest all moneys and income which are otherwise idle funds, in such placements as the Board of Trustees shall determine;

  8. To purchase, construct, acquire, hold, sell, lease, exchange or mortgage real and personal property or acquire interests in real or personal property in the furtherance of the aims and purposes of the Foundation;

  9. To take and hold property, real and personal, given, devised, or bequeathed to it in trust for any purposes specified therein or connected therewith or related thereto and to administer the same as directed by the grantor;

  10. To acquire, hold, own, lease, use and sell copyrights, licenses, privileges, patents, franchises, trade names, trademarks or similar in connection with the research activities and programs of the Foundation;

  11. To raise or borrow money for any of the purposes of the Foundation and from time to time, without limit as to the amount, to draw, accept, endorse, guarantee, execute and issue promissory notes, drafts, bills of exchange, warrants, and other negotiable or non-negotiable instruments and evidences of indebtedness, and to secure the payment thereof and of the interest thereon by mortgage on or pledge, conveyance or assignment in trust of the whole or any part of the assets of the Foundation, real, personal or mixed including contract rights, whether at the time owned or thereafter acquired, and to sell, pledge or otherwise dispose of such securities or other obligations of the Foundation for its corporate purposes;

  12. To organize, conduct and carry on any activity whatsoever which is necessary or incidental for the purposes of the Foundation and generally to do all such other things and to perform all activities as may be directly or indirectly incidental or conducive to the attainment of the above objects or any of them.