Laserfiche WebLink
5 <br />(10) To+licit funds. To solicit both by public and by private <br />solicitation and to accept, whether by way of outright, limited or <br />conditional gifts, inter vivos , or by way of testamentary devises, <br />bequests or grants in trust, or otherwise, funds of all kinds , <br />Including property, both real, personal and mixed, principal or <br />income, tangible or intangible, present or future, vested or <br />contingent, in behalf of the Foundation. <br />(11) To Emend and Distribute Funds. To expend the funds <br />Of the Foundation, including property, real, personal and mixed, <br />principal or income, tangible or intangible, present or future, <br />vested or contingent, in observance of the corporate purposes <br />stated in paragraphs A through F and to distribute the funds of the <br />Foundation by way of gift to such individuals, associations, <br />corporations, trusts, statutory commissions, or other legal <br />entities, gifts to which have been ruled to be deductible from <br />income in calculating the federal Income Tax, ruled to be exempt <br />from the incidence of the federal Gift Tax, and deductible for <br />purposes of calculating the federal Estate Tax, if the distribution <br />of such funds further the corporate purposes stated in paragraphs <br />A through F . <br />(12) Establishment and Maintenance of Foundation. To expend <br />funds for the establishment and maintenance of the Foundation and <br />the achievement of the corporate purposes stated in paragraphs A <br />through F. <br />