Bylaws of Blue Phoenix Village, Inc
The purpose of this Corporation, in full-text, is below. For a complete copy of all Bylaws of Blue Phoenix Village, Inc, request the document via email by clicking here.
For the purpose of this Corporation, the term education scholarship includes, but is not limited to, funds for college expenses, funds for extra-curricular programs for K-12 students, funds for equipment required for extracurricular activities such as music instruments, art supplies, sports equipment, tutor expenses, educational summer camps, educational field trips. For the purpose of this Corporation, the term college expense includes, college tuition, required textbooks, required classroom materials, college-student housing (any expenses that are not listed may be submitted for review and approval by the Award Committee.) For the purpose of this Corporation, K-12 student is defined as any student who has not graduated high school but is currently enrolled in school. For the purpose of this Corporation, the definition of “school” includes public schools, private schools, homeschooling, and college.
The general purposes for which this Corporation has been established are as follows:
To raise funds for education scholarships.
To manage third-party scholarships to be awarded to qualifying recipients.
To screen and select applicants seeking education scholarships that this Corporation manages.
To distribute education scholarships that this Corporation manages to recipients this Corporation screened.
To primarily assist students demonstrating financial hardships due to parental illness, injury, disability, or death.
Though there will be opportunities for all types of students from time to time, the primary focus and priorities of this Corporation are to seek, accept, and distribute financial support for students under the age of 24 who are children of parents with disabilities, terminal illnesses, severe injuries, detrimental health conditions, debilitating mental illnesses, or deceased. Each scholarship governed by this Corporation and each third-party scholarship distributed through this Corporation will have its own Award Committee and Articles of Scholarship Management and Distribution. Rarely will two scholarships have the exact same criteria, therefore the Board of Directors should ensure that each Award Committee is fully informed of the unique requirements for each individual scholarship to be awarded.
The Corporation is established within the meaning of IRS Publication 557 Section 501(c)3
Organization of the Internal Revenue Code of 1986, as amended (the “Code”) or the corresponding section of any future federal tax code and shall be operated exclusively for the purpose of the Corporation is to manage and distribute scholarships to the qualifying students. Qualifications for individual applicants shall be determined within the regulations of each individual scholarship. All net funds donated to this Corporation that are not specifically designated to a particular scholarship by name by the contributing individual, company, corporation, business, or any type of donor, or titled as a specific scholarship in whole, shall be combined with the BP Village Scholarship fund.
In addition, this Corporation has been formed for the purpose of performing all things incidental to, or appropriate in, the foregoing specific and primary purposes. However, the Corporation shall not, except to an insubstantial degree, engage in any activity or the exercise of any powers which are not in furtherance of its primary non-profit purposes.
The Corporation shall hold and may exercise all such powers as may be conferred upon any non-profit organization by the laws of the State of Alabama and as may be necessary or expedient for the administration of the affairs and attainment of the purposes of the Corporation. At no time and in no event shall the Corporation participate in any activities which have not been permitted to be carried out by the Corporation exempt under Section 501(c)3 of the Internal Revenue Code of 1986 (the “Code”).