To operate exclusively for the benefit of, to perform functions on behalf of, and to carry out the exempt purposes of the university of texas at austin (the "university"), and to be operated, supervised, or controlled by the university within the meaning of section 509(a)(3)(b)(i) of the code and substantially ALL of the activities of the corporation will directly further the exempt purposes of the university. In furtherance of the foregoing, the corporation is organized and shall be operated exclusively for charitable and educational purposes, including matters pertaining to the acquisition, management, development, and administration of real property for the benefit of the university.