The purpose of the Foundation is: To encourage, solicit, seek, and accept contributions of services and/or money and property, real and person, tangible and intangible, restricted, designated or unrestricted, and to maintain, use and apply the whole or any part thereof (income and principle) to or for the benefit of public school children in the Borough of Ramsey and for the benefit of the Ramsey Public Schools.

To seek, and to assist others to seek grants, endowments and other contributions from individuals, corporations, foundations and local state and federal governments, their agencies or commissions.

To use appropriate means consistent with the reputation and policies of the schools to achieve the purposes of the Foundation.

To enter into contracts with other persons and corporations under which the Foundation would carry out any and all of the above activities for the Foundation.