LE A D E RSH I P RE S OU R CE S
BYLAWS
Bakersfield Association of REALTORS® Charitable Foundation, Inc. a California Nonprofit Public Benefit Corporation
Directors of the Association (the “Association Board”).
ARTICLE I
ARTICLE III
Section 1. Name. The name of this corporation is the BAKERSFIELD ASSOCIATION OF REALTORS® CHARITABLE FOUNDATION, INC. (the “Corporation”).
Section 3.1. Mission Statement. The mission of the Bakersfield Association of Realtors® Charitable Foundation, Inc. is to support various charities, especially those in the Greater Bakersfield area, to provide scholarships to various individuals in need to financial educational support in order to promote interests in careers in real estate, and to benefits to various individual where there is a special need. The Foundation is one of the ways the Association and its members contribute to the community consistent with the high standards of Realtors®.
area who have indicated an interest in a career in real estate; (c) To provide for the temporary and emergency needs and requests from deserving individuals and organizations; and (d) To contribute funds to other charitable groups and organizations within the meaning of Section 170(c) of the Internal Revenue Code of 1986, or corresponding provisions of any later federal tax laws. In the context of these purposes, the Corporation shall not carry on propaganda or otherwise attempt to influence legislation, nor participate in or intervene in any political campaign (including the publishing or distribution of statements) on behalf of any candidate for public office or cause.
Section 3.2. Objectives and Purposes. The objectives and purposes of this corporation shall be consistent with the Mission Statement in section 3.1 above and shall include, but shall not necessarily be limited to, the following: (a) To contribute to various community service and special projects of the Association; (b) To provide college scholarships for deserving graduates of high schools in the Greater Bakersfield
Section 3.3. Limitations. The Corporation has been formed under the California Nonprofit Public Benefit Corporation Law for the purposes stated in the Articles of Incorporation. The property of the Corporation is irrevocably dedicated to charitable and educational purposes, and no part of the net income or assets of the Corporation shall ever inure to the benefit of any director, officer, or other private person. Upon dissolution or winding up of the Corporation, its assets
NAME AND OFFICES
Section 1.2. Offices of the Corporation. The Corporation’s principal office shall be 2300 Bahamas Drive, Bakersfield, CA 93309. The Board of Directors of the Corporation (the “Board”) is granted full power and authority to change said principal office from one location to another. The Board may at any time establish branch or subordinate offices at any place or places where the Corporation is qualified to do business.
ARTICLE II
MEMBERSHIP Section 2.1. Members. The corporation shall have one member, which is the Bakersfield Association of Realtors®, Inc., a California non-profit mutual benefit corporation (the “Association”). Any action which would otherwise require approval by a majority of all members or approval of the members shall require only approval of the Board of
ORGANIZATIONAL MATTERS
BAKERSFIELD ASSOCIATION OF REALTORS®
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