THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, AND WITHIN THE LIMITATIONS OF SUCH PURPOSES TO RESCUE, RESTORE, MAINTAIN AND PRESERVE CLASSIC YACHTS BY TEACHING THE ART AND CRAFT OF TRADITIONAL BOAT BUILDING; AND COLLECTING, CONSERVING, BECOMING A REPOSITORY FOR AND MAKING AVAILABLE FOR STUDY AND PUBLIC DISPLAY EXAMPLES OF YACHT PRESERVATION AND RARE AND HISTORICAL WORKS ON NAVAL ARCHITECTURE AND ASSOCIATED DOCUMENTATION.