Golf Gives Inc

“The corporation must at all times be organized and operated so as to qualify as an organization that is not a private foundation, as defined in section 509(a) of the code. If, however, at any time, the corporation is classified as a private foundation under federal tax laws, then at such time the corporation is subject to the following restrictions: 1. The corporation shall not engage in any act of self-dealing as defined in section 4941(d) of the code; 2. The corporation shall make distributions for each taxable year at such time and in such manner so as not to become subject to the tax on undistributed income imposed by section 4942 of the code; 3. The corporation shall not retain any excess business holdings as defined in section 4943(c) of the code; 4. The corporation shall not make any investments in such manner as to subject it to tax under section 4944 of the code; and 5. The corporation shall not make any taxable expenditures as defined in section 4945(d) ofthe code.”

“For purposes of this policy, a conflict of interest exists whenever the interests or concerns of any director or officer may be seen as competing with the best interests of the corporation. Conflicts tend to occur when a director or officer: has a financial interest, either directly or through a business or family relationship, in a decision of the board of directors or any action by the corporation; or has a conflict of loyalties even if he or she has no personal financial interest in the decision or action to be taken, such as when a director or officer of the corporation also serves as an uncompensated director or officer of an entity to which the corporation is contemplating making a grant.”

“(a) directors may not receive salaries for their services as directors, but by resolution of the board of directors, expenses of attendance, if any, may be paid to a director for each annual or special meeting of the board of directors that a director attends. (b) no provision of these bylaws may be construed to preclude any director from serving the corporation in any other capacity, including without limitation as an officer of the corporation, and from receiving reasonable compensation for such service.”

“All are avialable upon request”