The Presidential Challenge Charitable Foundation, Inc. is permanently dedicated and organized exclusively for educational, scientific and charitable purposes including but not limited to the following:
*To investigate, research and expand upon the present state of knowledge of the marine environment, in particular the billfish, which do or may populate same, as it affects the fishery in the United States and elsewhere, and to disseminate the information thus obtained.
*To develop and implement programs for the conservation and improvement of the fishery.
*To act as a coordinating entity with other groups, both governmental and non-governmental, in the promotion and achievement of the above purposes.
*To make distributions to organizations that qualify as exempt organizations under Section 501(c)(3) of the Internal Revenue Code as presently constituted or the corresponding provisions of any future United States internal Revenue Code.