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SARASWATI ACADEMY FOUNDATION


Articles of Incorporation

 

1) Name of the Corporation: Saraswati Academy Foundation.

2) Name of the Registered agent: Document Retrieval Service Inc.

3) Address: 14900 N Pennsylvania Ave

               Apt# 135, Oklahoma City, OK 73134

4) The duration of the corporation___________________

5) The purpose for which the corporation is formed are: Saraswati Academy Foundation is a non-profit organization formed to offer educational, charitable and public benefit service to help the underprivileged and economically poor students in India. The organization also works to promote health awareness in rural areas of India through the medium of education.

Other provisions: No part of the net earnings of the organization shall inure to the benefit of, or be distributable to its members, trustees, or other private persons, except that the organization shall be authorized and empowered to pay reasonable compensation for the services rendered and to make payments and distributions in furtherance of the purposes set forth in the purpose clause hereof. No substantial part of the activities of the organization shall be carrying on of propaganda, or otherwise attempting to influence legislation, and the organization shall not participate in, or intervene in (including publishing or distribution of statements ) any political campaign on behalf of any candidate for public office. Notwithstanding any other provision of the document, the organization shall not carry any other activities not permitted to carried on (a) by an organization exempt from federal income tax under section 501 (c) (3) of the Internal Revenue Code, or corresponding section of any future federal tax code, or (b) by an organization, contributions to which are deductible under section 170 (c) (2) of the Internal Revenue Code, or corresponding section of any federal tax code.

Upon dissolution of the organization, assets shall be distributed for one or more exempt purposes within the meaning of section 501 (c) (3) of the Internal Revenue Code, or 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 disposed of shall be disposed of by the Court of Common Pleas of the county in which the principle office of the organization is then located, exclusively for such purposes or to such organization or organizations, as said Court shall determine, which are organized and operated for such purposes.

6) This corporation does not have the authority to issue capital stock.

7) This corporation is not for profit, and as such the corporation does not afford pecuniary gain, incidentally or otherwise, to its members.

8) The number of trustees or directors to be elected at the first meeting is: one

 

 Signatures of the Incorporators

 

TVAM JYOTSHAA VITAMO VAVARTHA!

(604, Samaveda)

THE LIGHT OF KNOWLEDGE LIBERATES US FROM THE DARKNESS OF IGNORANCE