Articles of Incorporation of MyTake.org, Inc

Governance
1

Article I - Name

The name of this corporation is: MyTake.org, Inc.

Article II - Purpose

This corporation is a nonprofit public benefit corporation and is not organized for the private gain of any person. It is organized under the Nonprofit Public Benefit Corporation Law of California for charitable purposes.

  1. The specific charitable purposes of this corporation are the advancement of education, within the meaning of Section 501©(3) of the Internal Revenue Code of 1986, as amended, or corresponding section of any future federal tax code.
  2. The general purposes and powers are to have and exercises all rights and powers conferred on nonprofit public benefit corporations under the laws of California, provided, however, that this corporation shall not, except to an insubstantial degree, engage in any activities or exercise any powers that are not in furtherance of the primary purposes of this corporation.

Article III - Agent for service of process

The name and address in the State of California of this corporation’s initial agent for service of process is

Edgar Twigg
855 La Playa St #166
San Francisco, CA 94121

Article IV - Exclusivity of purpose

  1. This corporation is organized and operated exclusively for charitable purposes within the meaning of Section 501©(3) of the Internal Revenue Code. Notwithstanding any other provision of these articles, the corporation shall not carry on any other activities not permitted to be carried on (i) by a corporation exempt from federal income tax under Section 501©(3) of the Internal Revenue Code of 1986 (or the corresponding provision of any future United States Internal Revenue Law), or (ii) by a corporation, contributions to which are deductible under Section 170©(2) of the Internal Revenue Code of 1986 (or the corresponding provision of any future United States Internal Revenue Law).
  2. No substantial part of the activities of this corporation shall consist of the carrying on of propaganda or otherwise attempted to influence legislation, nor shall this corporation participate in or intervene in (including the publishing or distributing of statements) any political campaign on behalf of (or in opposition to) any candidate for public office.

Article V - Restrictions if the corporation is or becomes a private foundation

Notwithstanding anything contained in the Articles of Incorporation to the contrary, in the event and if for any reason the Corporation should fail to qualify as a “public foundation” and is classified as a “private foundation” as that term is defined in Section 509(a) of the Code, or is classified as a private “operating foundation” as that term is defined in Section 4942 of the Code, then in such event and in order to comply with Section 508(e) of the Code, and for so long as the Corporation may be deemed to be a “private foundation” or a private “operating foundation”, the powers and activities of the Corporation in accomplishing the foregoing purposes shall be specifically subject to the following requirements, restrictions and limitations:

  1. The corporation will distribute its income for each tax year at a time and in a manner as not to become subject to the tax on undistributed income imposed by section 4942 of the Internal Revenue Code, or the corresponding section of any future federal tax code.
  2. The corporation will not engage in any act of self-dealing as defined in section 4941(d) of the Internal Revenue Code, or the corresponding section of any future federal tax code.
  3. The corporation will not retain any excess business holdings as defined in section 4943© of the Internal Revenue Code, or the corresponding section of any future federal tax code.
  4. The corporation will not make any investments in a manner as to subject it to tax under section 4944 of the Internal Revenue Code, or the corresponding section of any future federal tax code.
    The corporation will not make any taxable expenditures as defined in section 4945 of the Internal Revenue Code, or the corresponding section of any future federal tax code.

Article VI - Dissolution clause

Upon the dissolution of the corporation, assets shall be distributed for one or more exempt purposes within the meaning of section 501©(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code, or shall be distributed to the federal government, or to a state or local government, for a public purpose. Any such assets not so disposed of shall be disposed of by a Court of Competent Jurisdiction of the county in which the principal office of the corporation is then located, exclusively for such purposes or to such organization or organizations, as said Court shall determine, which are organized and operated exclusively for such purposes.