The purposes of the corporation are—
(1) to form a bond of friendship and comradeship among all holders of the Medal of Honor as presented by Congress;
(2) to protect, uphold, and preserve the dignity and honor of the medal at all times and on all occasions;
(3) to protect the name of the medal and individual holders of the medal from exploitation;
(4) to provide appropriate aid to all persons to whom the medal has been awarded, their widows, or their children;
(5) to serve our country in peace as in war;
(6) to inspire and stimulate our youth to become worthy citizens of our country; and
(7) to foster and perpetuate Americanism.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1333.)