36 U.S.C. § 70502 — Purposes

The corporation's purposes are: (1) to receive and hold property — including as a gift, devise, or grant — and to invest, manage, and dispose of that property without the restrictions that normally apply to trustees or trust funds; (2) to spend its income, and any part of its principal, only on educational, charitable, scientific, or literary purposes, specifically (A) advancing the science of jurisprudence; (B) upholding high standards for the federal judiciary and for attorneys representing the U.S. government; (C) promoting and improving how justice is administered, including studying ways to better handle the legal work of government departments, agencies, and instrumentalities; (D) spreading knowledge and understanding of law and legal scholarship, by maintaining a law library, holding seminars, lectures, and studies about the law, and publishing addresses, essays, treatises, reports, and other written works by students, practitioners, and teachers of the law; and (E) acquiring, preserving, and displaying rare books, documents, sculptures, paintings, and other objects of art or historical interest related to law, courts, and the legal profession; and (3) doing any other acts necessary or related to accomplishing these purposes.