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The purpose of the Toomey Foundation is to promote the acquisition, protection, and study of scientifically important land and environmental resources. The primary focus of the endeavor shall be in the fields of Archeology, Astronomy, Botany, Geology, and Paleontology.

To help achieve the mission of the of the Foundation, scientific grants will be made periodically to researchers in the fields of Archeology, Astronomy, Botany, Geology, and Paleontology as funding becomes available. These grants will be made on a case by case basis upon application to the foundation when adequate funding exists. Applications for grants must be shown to have educational value and may be funded in whole or in part.