The purpose of the corporation is to foster amateur sports competition by recognizing present and former area athletes, coaches and others who have distinguished themselves in the field of athletics, either individually or by virtue of their performance on or in connection with athletic teams representing their high school, community college, four-year college, university or professional team or sport: or by meritorious effort on behalf of athletics. The corporation will annually nominate, elect, honor and award truly outstanding Saginaw County male and female athletes, both past and present.