ORGANIZATION LEGAL MANDATE:
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Section 1.1 Organization. Salam Foundation (the “Foundation”) is a nonprofit public benefit organization and is not organized for the private gain of any person. It is organized under the Oregon Nonprofit Public Benefit Corporation Law for exclusively public and charitable purposes and falls under the Social Organization department of the Ministry of Economy in Afghanistan.
Section 1.2: Foundation Funds. Subject to such restrictions as may be prescribed by these Bylaws, the Board of Trustees may on such terms and conditions as it deems advisable, accept any gifts, devises or bequests of money or property or of the income therefrom, whether such gift be in fee or in trust, for the general objectives of the Foundation or, as the case may be, for such uses and trusts as may be prescribed by the donor or testator. All such gifts, devises or bequests, together with such surplus funds of Foundation as the Board of Directors thereof by resolution may, from time to time, set aside for that purpose, shall constitute and become part of the fund of this Foundation.
Section 1.3: Title to Foundation Property. Title to all property of the Foundation shall be vested in the Board of Trustees and their successors, who, except as otherwise provided by these Bylaws or by the terms of the gift, devise, or bequest, shall hold, manage, invest and reinvest, and administer it, and with the approval of the Board of Directors of the Foundation, expend the corpus and the net income therefrom, as a single trust, for the furtherance of the purposes of the Foundation or the Object of Rotary, or of any philanthropic, charitable, public, or other eleemosynary purpose, object, movement, or institution, sponsored or approved by the Foundation.
Section 1.4: Expenditure Responsibility. All necessary expenses of administering the Foundation shall be paid out of the funds of the Foundation. The Board of Trustees shall have power to expend the funds of the Foundation remaining after necessary expense of administration as follows:
1.4.1. Restricted Contributions. Subject to acceptance of the terms and conditions thereof by the Board of Trustees, a donor or testator may make provision for the Foundation by lifetime gift or by Will by designation of the use, program, project or activity to be furthered and funded and the terms and conditions applicable thereto (a “Designated Fund”). The Board of Trustees shall have full power to expend the income from (and, if so specifically provided, the corpus of) any Designated Fund of the Foundation for any purpose specifically designated and prescribed by the donor or testator and agreed to by the Board of Trustees prior to their acceptance thereof.
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1.4.2. Unrestricted Contributions. Absent specific designation by the donor or testator, all contributions to the Foundation shall be credited to the general fund of the Foundation to be utilized for its general objectives. Subject to final approval by appropriate resolution of the Board of Directors of the Foundation, the board of Trustees is empowered to approve by resolution expenditure of Foundation corpus and net income therefrom for the general objectives of the Foundation. However, notwithstanding the fact that final approval of an expenditure has been provided for by appropriate resolution of the Board of Directors of the Foundation, no expenditure of Foundation corpus or net income therefrom shall be made if the Board of Trustees of the Foundation determines that such expenditure would carry on an activity not permitted to be carried on (a) by a corporation exempt from federal income tax under section 501(c)(3) of the
Section 1.5: Limitation on Corporate Activities. The Foundation is organized and is to be operated exclusively for charitable purposes within the meaning of Section 501 © (3) of the Internal Revenue Code of 1986 (or the corresponding provision of any future United States Internal Revenue aw). The Foundation is not organized, nor shall it be operated, for any pecuniary gain or profit, and it does not contemplate the distribution of gains, profits or dividends to the members thereof or to any private individual or private shareholder, as the latter is defined for purposes of Section 501 (c) (3) of the Internal Revenue Code (or the corresponding provision of any future United States Internal Revenue Law)
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Notwithstanding any other provisions of these Bylaws, the Foundation shall not engage in any activities or exercise any power that are not in furtherance of the exclusively public and charitable purposes of the Foundation. Furthermore, notwithstanding any other provision of these Bylaw, the Foundation shall not carry on any activities not permitted to be carried on (a) by a corporation exempt from federal income tax under Section 501 (c) (3) of the Internal Revenue Code (or the corresponding provision of any future United States Internal Revenue Law) and exempt from Oregon income tax under Section 2370d of the Revenue and Taxation Code (or the corresponding provisions of any future Oregon Revenue and Taxation Law), or (b) by a corporation contributions to which are deductible under Section 170 (c) (2) of the Internal Revenue Code of 1986 (or the corresponding provision of any future United States Internal Revenue Law).
No substantial part of the activities of the Foundation shall consist of the carrying on of propaganda, or otherwise attempting to influence in any political campaign (including the publishing or distribution of statements) on behalf of any candidate for public office.