The purposes of the Board of Visitors as created pursuant of Maine P&S laws 1997 Chapter 35 are as follows:
- To advocate for the University
- To raise private funds for the University
- To advise the President of the University on community and regional needs and review for final recommendation to the University of Maine System Board of Trustees tuition increases, new academic programs and the five year plan of the University.
Members of the Board of Visitors are expected to serve the University in the manner set forth in the purposes.