United Council on Welfare Fraud

Strengthening Integrity in our Public Assistance Programs

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Section 2.  The Council is organized to receive and maintain funds and/or real personal property, and is subject to the restrictions and limitations hereinafter set forth, to use and apply the whole or any part of the income there from and the principal thereof exclusively, either directly or by contributions, to organizations that qualify as exempt under Section 501c(3) of the Internal Revenue Code and its Regulations as they now exist or as they may hereafter be amended.

Section 3.  No part of the net earnings of the Council shall inure to the benefit of any Director of the Council, officer of the Council, or any private individual (except that reasonable compensation may be paid for services rendered to or for the Council affecting one or more of its purposes), and no Director or officer of the Council, or any private individual shall be entitled to share in the distribution of any of the corporate assets upon dissolution of the Council.  No substantial part of the activities of the Council shall be the carrying on of propaganda, or otherwise attempting to influence legislation, and the Council shall not participate in, or intervene (including the publication or distribution of statements) in any political campaign on behalf of any candidate for public office.

Section 4.  The Council shall distribute its income for each taxable year at such time and in such manner as not to become subject to tax on undistributed income imposed by Section 4942 of the Internal Revenue Code of 1954, or corresponding provisions of any subsequent federal tax laws.

Section 5.  The Council shall not engage in any act of self-dealing as defined in Section 4941(3) of the Internal Revenue Code of 1954, or corresponding provisions of any subsequent federal tax laws.

Section 6.  The Council shall not retain any excess business holdings as defined in Section 4943 of the Internal Revenue Code of 1954, or corresponding provisions of any subsequent federal tax laws.

Section 7.  The Council shall not make any investments in such manner as to subject it to tax under Section 4944 of the Internal Revenue Code of 1954, or corresponding provisions of any subsequent federal tax laws.

Section 8.  The Council shall not make any taxable expenditures as defined in Section 4945(d) of the Internal Revenue Code of 1954, or corresponding provisions of any subsequent federal tax laws.

Section 9.  Notwithstanding any other provision of the Articles of Incorporation, the Council shall not conduct or carry on any activities not permitted to be conducted or carried on by an organization exempt from taxation under Section 501c(3) of the Internal Revenue Code and its Regulations as they now exist or as they may hereafter be amended, or by any organization, contributions to which are deductible under Section 170(c)(2) of the Internal Revenue Code and its Regulations as they now exist or as they may hereafter be amended.

Section 10.  Upon dissolution of the Council or the termination of its affairs, the assets of the Council shall be distributed exclusively to the Dorothy M. Forney Memorial Scholarship Fund, which would then qualify under the provisions of Section 501c(3) of the Internal Revenue Code and its Regulations as they now exist or as they may hereafter be amended.



 

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