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6870-FC-2010-04-09-006864525

6870-FC-2010-04-09-006864525

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Published by: G-A-Y on Oct 14, 2011
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10/26/2012

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NATIONALORGANIZATIONFORMARRIAGE,INC.TRUSTFUNDAGREEMENTAGREEMENT,datedthe2nddayofJuly,2007,byandbetweenNATIONALORGANIZATIONFORMARRIAGE,INC.,anotforprofitcorporation,organizedunderthelawsoftheStateofVirginiawithitsprincipalofficeandplaceofbusinesslocatedatHartford,Connecticut,hereinafterreferredtoasthe"Grantor,"andNeilCorkery,ofManassas,Virginia,hereinafterreferredtoasthe"Trustee."WITNESSETH:WHEREAS,theGrantordesirestocreateandestablishaneducationaltrustandintendsfromtimetotimetomakecontributionstosuchtrustforthepurposessetforthherein;andWHEREAS,theTrusteehasagreedtohold,administeranddisbursesuchcontributionsandanyincomeandincrementthereonashereinprovided.NOW,THEREFORE,inconsiderationofthepremises,themutualcovenantsandagreementshereincontained,andothergoodandvaluableconsideration,theGrantorandtheTrusteeherebyagreeasfollows:ARTICLEINAMEOFTRUSTThenameoftheTrustherebyestablishedshallbetheNATIONALORGANIZATIONFORMARRIAGEEDUCATIONFUND,hereinafterreferredtoasthe"Fund,"andallreferenceshereintosectionsoftheInternalRevenueCodeshallmeansectionsofthe1986Code,asamended,andsuccessorsections.ARTICLEIICONTRIBUTIONSTheTrusteemayreceiveandacceptproperty,whetherreal,personal,ormixed,bywayofgift,bequest,ordevise,fromanyperson,firm,trust,orcorporation,tobeheld,administered,anddisposedofinaccordancewithandpursuanttotheprovisionsofthisTrustAgreement;butnogift,bequestordeviseofanysuchpropertyshallbereceivedandacceptedifitbeconditionedorlimitedinsuchmannerasshallrequirethedispositionoftheincomeofitsprincipaltoanypersonororganizationotherthanan"educationalorganization"orforotherthan"educationalpurposes"withinthemeaningofsuchtermsasdefinedinArticleIIIofthisTrustAgreement,orasshall,intheopinionoftheTrustee,jeopardizethestatusofthis
trust
asanorganizationNATIONALORGANIZATIONFORMARRIAGEEDUCATIONFUNDAGREEMENT
 
describedinSections501(c)(3),2055(a)and2522(a)oftheInternalRevenueCodeof1986,asnowinforceorafterwardsamended.
ARTICLEIIIUSEANDPURPOSEOFTRUST
A.Thetrustisorganizedexclusivelyforcharitable,religious,educational,and/orscientificpurposesundersection501(c)(3)oftheInternalRevenueCode.Nopartofthenetearningsofthetrustshallinuretothebenefitof,orbedistributabletoitsmembers,trustees,officers,orotherprivatepersons,exceptthattheorganizationshallbeauthorizedandempoweredtopayreasonablecompensationforservicesrenderedandtomakepaymentsanddistributionsinfurtheranceofthepurposessetforthinthepurposeclausehereof.Nosubstantialpartoftheactivitiesoftheorganizationshallbethecarryingonofpropaganda,orotherwiseattemptingtoinfluencelegislation,andtheorganizationshallnotparticipatein,orintervenein(includingthepublishingordistributionofstatements)anypoliticalcampaignonbehalfoforinoppositiontoanycandidateforpublicoffice.NotwithstandinganyotherprovisionoftheseArticles,theorganizationshallnotcarryonanyotheractivitiesnotpermittedtobecarriedon(a)byanorganizationexemptfromFederalIncomeTaxunderSectionSOl(c)(3)oftheInternalRevenueCode,orcorrespondingsectionofanyfuturefederaltaxcode,or(b)byaorganization,contributionstowhicharedeductibleunderSection170(c)(2)oftheInternalRevenueCode,orcorrespondingsectionofanyfuturefederaltaxcode.B.ThetrustshallbeperpetualunlesstheTrusteeterminatesitanddistributesalloftheprincipalandincome,whichactionmaybetakenbytheTrusteeonlyiftheBoardsodirects.UponthedissolutionoftheorganizationtheBoardofDirectors,theassets,afterpayingormakingprovisionforpaymentofalloftheliabilitiesoftheorganization,shallbedistributedforoneormoreexemptpurposeswithinthemeaningofsection501(c)(3)oftheInternalRevenueCode,orthecorrespondingsectionofanyfuturefederaltaxcode,orshallbedistributedtothefederalgovernment,ortoastateorlocalgovernment,forapublicpurpose.C.TheTrusteeshallnotbeliableforanyactoromissiontakenbyherindistributingfundsinaccordancewithresolutionsadoptedbytheBoardorinaccordancewiththedirectionsofthePresident,exceptfornegligence,willfulmisconductorlackofgoodfaith.D.SubjecttothelimitationsinsectionsA,thepurposesofthisfundareasfollows:Theorganizationisorganizedexclusivelyforcharitable,religious,educational,and/orscientificpurposesundersection501(c)(3)oftheInternalRevenueCode.Promoteandprotectmarriageastheunionofhusbandandwife,andthenaturalfamilythatspringstherefrom,aswellastherightsofthefaithtraditionsthatsupportandsustainthismarriageculture.
NATIONALORGANIZATIONFORMARRIAGEEDUCAnONFUNDAGREEMENT
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Toeitherdirectlyorindirectlydoalllawfulactsandthings,toengageinanyandalllawfulactivitieswhichmaybenecessary,useful,suitable,desirableorproperforthefurtherance,accomplishment,fosteringorattainmentofanyoftheforegoingpurposes.Infurtheranceoftheforegoingpurposes,toaccept,receive,hold,invest,reinvest,manageandadministergifts,legacies,bequests,devises,funds,andpropertyofanysortornature,withoutlimitationastoamountofvalue;touse,employ,apply,expendordisburse,bydonationorotherwise,theincomeandprincipalthereof,exclusivelyfortheexpresspurposesofthisFund.NottoengageinanyactivitieswhichareunlawfulunderthelawsoftheStateofVirginia;norengageinanytransactionsdefinedatthetimeas"prohibited"undertheInternalRevenueCodeoftheUnitedStatesofAmerica.ThisFundshallneverbeoperatedfortheprimarypurposeofcarryingonatradeorbusinessforprofit.NeitherthewholenoranypartorportionoftheassetsorincomeofthisFundshallbeusedforobjectsorpurposeswhicharenotexclusivelyeducationalorcharitableunderthelawsofboththeUnitedStatesofAmericaandtheStateofVirginia,exceptaspermittedbyanexpendituretestelectionmadepursuanttosection501(h)oftheInternalRevenueCode.Nocompensationorpaymentshalleverbemadeorpaidtoanyofficer,directorororganizerofthisFund,exceptasareasonableallowanceofactualexpendituresmadeonbehalfofthisFund,orforservicesactuallyrenderedtothisFund.NeitherthewholenoranypartorportionoftheassetsortheincomeofthisFundshalleverbedistributedtoordividedamonganysuchpersons.E.AllfundsheldbytheFundshallbedepositedinaFundaccountoraccountsestablishedbytheNATIONALORGANIZATIONFORMARRIAGE,INC.,underthecareandcustodyoftheTrusteeoftheNATIONALORGANIZATIONFORMARRIAGEEDUCATIONFUND.TheTreasurerofNATIONALORGANIZATIONFORMARRIAGE,INC.,shallbetheTrusteeforthepurposesherein.TheTreasurerofNATIONALORGANIZATIONFORMARRIAGE,INC.,shallperformallthetasksoftheTrusteeconsistentwiththepowersoftheTrusteegrantedherein.
ARTICLEIVPOWERSOFTRUSTEE
IntheadministrationoftheFundorofanysubsidiarynonprofitcorporationestablishedbytheTrustee,theTrusteeshallhaveallpowersandauthoritynecessaryoravailabletocarryoutthepurposesoftheFundand,withoutlimitingthegeneralityoftheforegoing,shallhavethefollowingpowersandauthority,allsubject,however,totheconditionthatnopowerorauthority
NATIONALORGANIZATIONFORMARRIAGEEDUCATIONFUNDAGREEMENT

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