The purposes of the Foundation, as outlined in its Articles of Incorporation, are to 1) fund educational scholarships and other types of financial aid to individuals; 2) maintain and aid cultural, educational, charitable or other activities serving the community; 3) assist community groups and individuals in educational and charitable activities 4) work with youth in a variety of ways, encouraging and providing character building and leadership development; and 5) support humanitarian initiatives.

As a result of the creation of the Foundation, the chapter determined that it would no longer award scholarships but would use the Foundation as the vehicle to award scholarships. The biennial Holiday Ball, which was the major fundraiser for scholarships, became the fundraiser of the Foundation from which scholarships would be awarded. The initial funds for the Foundation included a donation received from the family of Daisy A. Morgan, funds from Alpha Kappa Alpha Sorority, Inc., Epsilon Upsilon Omega Chapter from the profit from the biennial Holiday Ball and donations.

Since its formation in 2002, the Foundation has worked hard to continue its primary mission of providing scholarships and book awards for deserving minority high school students in the Greater Trenton Community pursuing higher education.