Artists For
Humanity, Inc.
ARTICLE III
Section 1:
This
corporation is organized and operated exclusively for one or more of the following purposes: Charitable, Educational, Scientific and/or Religious. This includes the making of
distributions to organizations that qualify as exempt organizations under
section 501 ( c ) (3) of the Internal Revenue Code, or
corresponding section of any future federal tax code. The specific purpose is to receive and distribute funds for the
purpose of helping Humanity and Art Projects. The organization plans to also
build and operate studios, galleries, and museums for articles and the public.
Section 2:
No part of the net earnings of
the organization shall inure to the benefit of, or be distributable to its
members, trustees, officers, or other private persons, except that the
organization shall be authorized and empowered to pay reasonable compensation
for services rendered and to make payments and distributions in furtherance of
the purposes set forth in the purpose clause hereof. No substantial part of the
activities of the organization shall be carrying on of propaganda, or otherwise
attempting to influence legislation, and the organization shall not participate
in, or intervene in (including the publishing or distribution of statements )
any political campaign on behalf of any candidate for public office.
Notwithstanding any other provision of the document, the organization shall not
carry on any other activities not permitted to be carried on (a) by an
organization exempt from federal income tax under section 501 ( c ) (3) of the Internal Revenue Code, or corresponding
section of any future federal tax code, or (b) by an organization,
contributions to which are deductible under section 170 (c) (2) of the Internal
Revenue Code, or corresponding section of any future federal tax code.
Section 3:
Upon the dissolution or winding up of the
corporation, its assets remaining after payment, or provision for payment, of
all debts and liabilities of this corporation shall be distributed to a
nonprofit fund, foundation or corporation which is organized and operated
exclusively for religious,
charitable, educational, literary, and scientific purposes and which has established its tax
exempt status under Section 501 (c) (3), Internal Revenue Code.