MID-ATLANTIC GREEK-AMERICAN FOUNDATION, INC.
AMENDED EXHIBIT “A”
(a) The specific and primary purpose is to:
- support, promote, and address civic, social, educational and community issues and concerns of the Greek-American community in the Eastern United States and throughout the United States of America;
- support and promote educational programs in the Greek-American community and to support, promote and sponsor education scholarship programs;
- to sponsor and promote Greek-American civil and national cultural programs;
- to comply with all legal conditions and provisions as prescribed for organizations complying with non-profit organization law.
(b) To receive and maintain a fund or funds or real or personal property, or both, and, subject to the restrictions and limitation hereinafter set forth, to use and apply the whole or any part of the income therefrom and the principal thereof exclusively for charitable, religious, scientific, literary, or educational purposes either directly or by contributions to organizations that qualify as exempt organizations under Section 501(c)(3) of the Internal Revenue Code and its Regulations as they now exist or as they may hereafter be amended;
(c) No part of the net earnings of the corporation shall inure to the benefit of any Director of the corporation, officer of the corporation, or any private individual (except that reasonable compensation may be paid for services rendered to or for the corporation affecting one or more of its purposes) and no Director or officer of the corporation, or any private individual shall be entitled to share in the distribution of any of the corporate assets on dissolution of the corporation. no substantial part of the activities of the corporation shall be the carrying on of propaganda, or otherwise attempting to influence legislation, and the corporation shall not par5ticipate in, or intervene in any political campaign on behalf of any candidate for public office.
(d) Notwithstanding any other provisions of these Articles of Incorporation, the corporation shall not conduct or carry on any activities not permitted to be conducted or carried on by any organization exempt from taxation under Section 501(c)(3) of the Internal Revenue Code and its Regulations as they no exist or as they may hereafter be amended, or by an organization, contributions to which are deductible under Section 170(c)(2) of the Internal Revenue Code and Regulations as they no exit or as they may hereafter be amended;
(e) Upon dissolution of the corporation or the winding up if its affairs, the assets of the corporation shall be distributed exclusively to charitable, religious, scientific, testing for public safety, literary, or educational organization which would then qualify under the provisions of Section 501(c)(3) of the Internal Revenue Code and its Regulations as they now exist or as they may hereafter be amended.