ID | 243 |
---|---|
Article | Gifts to the Corporation |
Sequence | 9 |
Body | In furtherance of the corporation's charitable purposes and functions, the Board of Directors shall have the authority to cause to be formed, or to enter into relationships with, other organizations described in section 501(c)(3) of the Internal Revenue Code, including organizations operated for the benefit of and to carry out the purposes of the corporation. In such event, the corporation shall exercise such supervision and control over any such organization operated for the benefit of and to carry out the purposes of the corporation as may be necessary to qualify it as an organization described in section 509(a)(3) of the Internal Revenue Code, and the regulations thereunder. |
Changes | |
Note | |
User | Lynn Clarke |
Revision Date | Dec 23, 2019 |