5. The objects of the Corporation are:
(a) to receive, administer, use and invest the part, intended for the Inuit, of the compensation provided for in subsections 25.1 and 25.2 of the Agreement and the revenues therefrom, as well as all its other funds, in accordance with this Act;
(b) to relieve poverty and to promote the welfare and the advancement of education of the Inuit;
(c) to develop and improve the Inuit communities and to improve their means of action;
(d) to exercise the functions vested in it by other acts or the Agreement;
(e) to foster, promote, protect and assist in preserving the Inuit way of life, values and traditions.