Waseda USA was formed on May 1, 2008, under the New York Not-for-Profit Corporation Law. It was organized generally to promote the interests of Waseda University (Tokyo, Japan) and its affiliates (the “University”). In furtherance of this purpose, its mission is to establish and support U.S.-based associations of University alumni, conduct fundraising campaigns on behalf of the University and raise funds for its own account. Waseda USA intends to use the funds it raises for its own account to, (i) finance, develop and administer programs designed to improve international and inter-cultural understanding on the part of students, faculty and staff of the University who are studying, teaching or working in the United States under programs sponsored thereby, (ii) provide administrative, logistical, financial, educational and similar assistance to such students, faculty and staff in order to provide them with more beneficial experiences during their stays in the United States, (iii) make grants to the University for specific educational purposes which Waseda USA has reviewed and of which it has approved, and (iv) defray the costs of its operations.