Question: Properly drafted organizing documents for an exempt organization include which of the following? A powers clause to limit activities that do not support the exempt
Properly drafted organizing documents for an exempt organization include which of the following?
A powers clause to limit activities that do not support the exempt purpose.
A provision encouraging participation in political campaigns when they affect the exempt purpose.
A clause to distribute assets to shareholders when it ceases operations.
A clause which loosely defines the exempt purpose so the organization is free to help others however is seen fit.
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