Sentence:  `` When and if it can do so without jeopardizing constitutional and statutory tax-exemption privileges essential to the maintenance of its educational program and facilities , Emory University will consider applications of persons desiring to study or work at the University without regard to race , color or creed , continuing university policy that all applications shall be considered on the basis of intellectual and moral standards and other criteria <WSD>designed</WSD> to assure the orderly and effective conduct of the university and the fulfillment of its mission as an institution of Christian higher education '' . 
Meaning of the word marked with <WSD> tags:  make or work out a plan for; devise