To provide scholarships for the purpose of education at approved institutions and grants in aid including supply of books, stipends, medals, prizes, grants, awards, educational career support, bursaries and other incentives to the beneficiaries

To provide for rest houses or centres which the beneficiaries and their dependents may use for rest and recreation, at such terms and conditions as the Board may determine

To provide grants approved by the Board in case of death or injury to any of the beneficiaries in the line of active duty;

To enter into joint-venture agreements with persons or corporate bodies for establishing and running profitable ventures;

To establish, run and manage services projects either on its own or in partnership or under a franchise arrangement related to business matter;

To set up educational institutions or training centers of various professions, vocations and disciplines;

To promote and develop centers for sports and organize sports activities, encourage talent therein and to provide coaching and training facilities for beneficiaries;

To launch commercial projects for generating funds for achieving the aforesaid objectives;

To receive and administer funds for functions of the Foundation;

To acquire by sale or otherwise property, movable and immovable and to enter into agreements for this purpose;

To invest and re-invest the principal income and any gain thereof in any form; and

To do all such other things as are incidental or ancillary thereto.