The association is a non-stock, non-profit organization. It may engage in fund-generating activities to finance its projects and activities in pursuit of its objectives:
- To organize the members’ collective efforts in assisting their Alma Mater in the fulfillment of its academic mission as a world-class institution for tertiary education;
- To help strengthen the University to play its vital role in the development of Philippine society and of the Filipino nation;
- To help establish an efficient placement bureau to assist University of the Philippines alumni in seeking gainful employment where their professional competence is most suited;
- To foster camaraderie and spirit of the Filipino “bayanihan” in the midst of fulfilling the organization’s mission.