– To collect and receive subscriptions or donations (whether inter vivos or by will) of money, investments, or other property of whatsoever nature for the purpose of providing financial assistance for the educational attainment of students of young black and minority ethnic backgrounds. 
 
– To administer and apply the property of OBIC UK, both income and capital, for any charitable purpose beneficial to OBIC UK and for any such purpose to advance money to young black and minority ethnic persons.

– To administer and apply the property of OBIC UK, both income and capital, in providing bursaries for young black and minority ethnic persons.  

In furtherance of OBIC UK’s core aims of the advancement of education and entrepreneurial skills for the young black and minority ethnic persons in the UK, OBIC UK is committed to a purpose which:

1. encourages individualism, creativity, and technological innovation through a broad vision of educational motivational opportunities for Black and Ethnic minority students in the UK.

2. enables young black and minority ethnic persons to develop a strong understanding of themselves and their leadership capabilities, while also empathising with others through a genuine appreciation for different people, different perspectives, and different cultures;  

3. empowers enquiring minds and fosters appreciation of independent thinking and learning for young black and ethnic minority students, through the simulation of positive role model scenarios prevalent in the black ethnic minority communities;

4. nurtures the value of leadership and service;

5. creates a sense of togetherness, achievement, honesty, integrity, and determination amongst students of young black and minority ethnic backgrounds.

6. promotes amongst young black and minority ethnic persons, and keenness to contribute to the community and prepare them for compassionate leadership in an increasingly global society.