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Articles Of Incorporation Foundation

Articles Of Incorporation Foundation Template for Philippines

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Key Requirements PROMPT example:

Articles Of Incorporation Foundation

"I need to draft Articles of Incorporation Foundation for an educational foundation in the Philippines that will provide scholarships to underprivileged students, with an initial endowment of 10 million pesos and a board of seven trustees, planned to commence operations by March 2025."

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Document background
Articles of Incorporation Foundation is the primary establishment document required when creating a non-profit foundation in the Philippines. This document must be filed with the Securities and Exchange Commission (SEC) and serves as the foundation's charter, establishing its legal existence. It contains essential information including the foundation's name, purpose, principal office, founders, governance structure, and initial assets. The document must comply with the Revised Corporation Code of the Philippines and various SEC regulations specific to foundations. It's particularly important as it determines the foundation's tax-exempt status eligibility and sets the framework for all future operations. The Articles must be carefully drafted to ensure they meet both current operational needs and anticipate future requirements, as amendments typically require SEC approval and can be complex to execute.
Suggested Sections

1. Title and Preamble: States the document type and introduces the incorporators

2. Article I - Name: Official name of the foundation, which must include 'Foundation' and comply with SEC naming regulations

3. Article II - Principal Office: Complete address of the foundation's principal office in the Philippines

4. Article III - Purpose: Detailed statement of the foundation's charitable, social, educational, or other non-profit purposes

5. Article IV - Term of Existence: Duration of the foundation (typically perpetual)

6. Article V - Founders/Incorporators: Names, nationalities, and addresses of founders/incorporators

7. Article VI - Trustees: Number, qualifications, terms, and manner of election of trustees

8. Article VII - Officers: Positions, duties, and responsibilities of officers

9. Article VIII - Capital Structure: Amount of capital/assets dedicated to the foundation

10. Article IX - Dissolution: Provisions for dissolution and distribution of assets

11. Article X - Amendments: Procedure for amending the Articles of Incorporation

Optional Sections

1. Article on Branches: Include when the foundation plans to establish offices in other locations

2. Article on Special Programs: Include when the foundation has specific flagship programs that need to be institutionalized

3. Article on Advisory Board: Include when the foundation wants to establish a separate advisory body

4. Article on Foreign Activities: Include when the foundation plans to operate internationally

5. Article on Specific Governance Policies: Include when additional governance mechanisms are needed beyond basic requirements

6. Article on Conflict Resolution: Include when specific dispute resolution procedures are desired

Suggested Schedules

1. Schedule A - List of Initial Assets: Detailed inventory of initial assets contributed to the foundation

2. Schedule B - Founding Members: Complete information about founding members including their contributions

3. Schedule C - Initial Programs: Detailed description of initial charitable programs and activities

4. Appendix 1 - Trustee Acceptance: Written acceptance of initial trustees

5. Appendix 2 - SEC Requirements Checklist: Checklist of compliance with SEC requirements

6. Appendix 3 - Tax Exemption Requirements: Documentation for tax-exempt status application

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions



































Clauses






























Relevant Industries

Non-Profit & Charity

Education

Healthcare

Social Services

Environmental Conservation

Arts & Culture

Religious Organizations

Community Development

Humanitarian Aid

Research & Development

Poverty Alleviation

Youth Development

Relevant Teams

Legal

Compliance

Corporate Governance

Executive Leadership

Finance

Administration

Public Relations

Development

Operations

Program Management

Relevant Roles

Chief Executive Officer

Executive Director

Legal Counsel

Corporate Secretary

Compliance Officer

Board of Trustees Member

Foundation President

Program Director

Finance Director

Administrative Officer

Governance Officer

Public Relations Officer

Development Officer

Grant Manager

Operations Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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