The purposes for which the Guam Museum Foundation is organized and its process in connection therewith are as follows:
1. To promote cultural and historical activities.
2. To engage in any lawful act or activity for which non-profit foundations may be organized under the laws of Guam.
3. To have and exercise all rights and powers now or hereafter granted to a non-profit foundation by law.
4. To enter into contracts with individuals, organizations, or institutions whether public or private, which are engaged in projects or programs related to museum activities.
5. To receive and administer grants in furtherance of the Guam Museum Foundation.
6. To accept loans of cultural or intellectual properties from individuals, families, organizations, or institutions with terms and conditions to be agreed upon.
7. To adopt, amend, and appeal by-laws and other rules, regulations, and directives governing the conduct of its business and the performance of the powers and duties granted under the Corporation’s enabling law or imposed upon it by law according to the Administrative Adjunction Law.
8. To determine the character of and the necessity of its obligations and expenditures and the manner in which they shall be incurred, allowed, and paid.
9. To execute all instruments necessary or appropriate in the exercise of any of its functions.
10. To accept monetary on in-kind gifts or donations of services or of property, whether tangible or intangible, in aid of any of the activities of the Guam Museum. All donations to the Foundation and any of its programs shall be tax deductible to the donors in the same manner and extent that the donations to charitable or educational non-profit organizations are deductible as provide by law.
11. To work closely with all government entities, educational, and religious institutions on Guam, public and private organizations, both on and off-island and other appropriate agencies to maximize the public benefits and opportunities, which enhance the purposes of the Foundation.
12. To negotiate agreements for the construction of tourist attractions depicting the historical and cultural development of the Chamorro people.