The Foundation provides the private sector a means of accomplishing the following Award objectives:
Raise sufficient funds to establish and manage an endowment which, when supplemented by fees from Award applicants, permanently funds the Program.
Oversee the investment of endowment funds.
Review Program accomplishments.
Disburse required funds to the National Institute of Standards and Technology (NIST).
Review the plan and approve associated funds requirements for subsequent years to ensure a successful Award Program.