To recognize outstanding achievements in Science and Technology as well as provide meaningful incentives to those engaged in Scientific and Technological Researches (P.D. 1003-A).
To advise the President and the Cabinet on matters related to Science and Technology (Executive Order No. 818).
To engage in projects and programs designed to recognize outstanding achievements in science and to promote scientific productivity (Executive Order No. 818).
To embark on programs traditionally and internationally expected of an academy of science (Executive Order No. 818)