The corporation is organized exclusively for educational and charitable purposes, including for such purposes, the making of distributions to organizations that qualify as exempt organizations under section 501 (c)(3) of the Internal Revenue Service code of 1986 or the corresponding provision of any future United States Internal Revenue Service Law, and more specifically to receive and administer funds for such charitable and educational purposes, all for the public welfare and for no other purposes.

Additionally phrased, the Foundation’s purpose is to function to further the promotion of the civic responsibilities of the organization, and in maintaining high ethical standards in all human relations, professional, business and social settings; to set up and maintain scholarships and grants to institutions of higher learning for worthy individuals who are chosen for that purpose; to collect, raise, receive by bequest, maintain and distribute funds for other worthwhile community needs by this Foundation; to do everything necessary and proper to accomplish all of the object herein.

The Foundation is organized exclusively for one or more of the following purposes: charitable, scientific, testing for public safety, literacy or educational purposes including career development.

The Foundation will primarily focus on the development of a scholarship program to assist young people pursuing a college education.  In addition, the Foundation will pursue grants available for workforce development programs such as job readiness training, internships; youth work experiences etc. to ensure that the local workforce is fully prepared to meet the regions upcoming challenges. In addition, as this is a resort community, it is critical to our economy to “grow our own” by offering optimal academics and work experience training to young people even before they exit high school.  Additional Educational programs will focus on educating the region on local maritime heritage through events such as “Harbor Day at the Docks”, which recently won an award though the Lower eastern Shore Heritage Council.