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On 22 November 1963, the Board of Regents of the State of New York chartered the Rensselaer Newman Foundation as an educational non-profit corporation, defining its purposes as follows:
- To establish and maintain non-degree course in theology, philosophy and related subjects
- To foster and provide extracurricular programs for Catholic students attend Rensselaer Polytechnic Institute
- To foster and provide scholarships, fellowships and other student aids
- To foster and develop the intellectual and moral life of Catholic students through religious education, cultural activity and social participation
- To provide a facility for religious services and celebrations of all faiths
- To provide those cultural and spiritual opportunities which complement what is being done
- To provide a meeting place for campus and community related group
- To offer limited pastoral counseling services