The purposes for which this society and corporation are formed are as follows:

1. The specific and primary purposes are the cultivation of the science of folklore, the collecting and preservation of folk materials, and the publication of a journal devoted to folklore in all its aspects. In addition, the Society is organized to schedule periodic meetings to foster unity and harmony among various individuals and groups working in the area of folklore and folklife, and to develop programs and indicate fields of discussion for the general welfare, education, and scientific progress of individuals so engaged.

2. To engage in all lawful activities and operations usually and normally engaged in by such an organization.

3. To possess and exercise all of the powers conferred by law upon nonprofit corporations and to have all other powers to engage in other acts necessary or incidental to the administration of its affairs and the realization of its purposes.