The purpose of the Club shall be to foster a spirit of loyalty and fraternity among friends of The University of Michigan as well as current and former students of The University of Michigan; to promote the general welfare of the University as an educational institution; to act as liaison between prospective students of the University in schools in Beaufort County and students of the University; to award scholarships to current and newly admitted students of the University in Beaufort County; and to sponsor and support social, educational and charitable programs and activities for alumni of the University and their families and friends residing in Beaufort County.