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Foundation Articles Of Incorporation

Foundation Articles Of Incorporation Template for Philippines

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Key Requirements PROMPT example:

Foundation Articles Of Incorporation

"I need Foundation Articles of Incorporation for a Philippine educational foundation that will operate scholarship programs across Southeast Asia, with an initial board of 7 trustees and planned commencement of operations in March 2025."

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Document background
Foundation Articles of Incorporation are required when establishing a non-profit foundation in the Philippines. This document must be filed with the Securities and Exchange Commission and serves as the primary governing document that brings the foundation into legal existence. It must comply with the Revised Corporation Code of the Philippines and various SEC regulations, containing essential information about the foundation's purposes, governance structure, assets, and operational framework. The Articles of Incorporation are particularly important as they establish the foundation's tax-exempt status potential and create a legal framework for charitable activities. This document is crucial for organizations seeking to conduct philanthropic work, manage charitable assets, or operate social development programs in the Philippines.
Suggested Sections

1. Article I - Name of the Corporation: The complete and exact name of the foundation, which must include the word 'Foundation' and end with 'Inc.' or 'Incorporated'

2. Article II - Principal Office: The complete address of the foundation's principal office, which must be located in the Philippines

3. Article III - Purposes: Detailed statement of the foundation's non-profit purposes, objectives, and planned activities

4. Article IV - Term of Existence: Statement of the foundation's term of existence (typically perpetual)

5. Article V - Founders and Trustees: Names, nationalities, and addresses of the founders and initial trustees

6. Article VI - Board of Trustees: Composition, qualifications, terms, and powers of the Board of Trustees

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

8. Article VIII - Assets and Capital Structure: Statement of assets, contributions, and capital structure of the foundation

9. Article IX - Dissolution Provisions: Procedures and requirements for dissolution and distribution of assets

10. Article X - Amendments: Procedures for amending the Articles of Incorporation

Optional Sections

1. Article on Branches and Representatives: Include when the foundation plans to establish branches or representative offices

2. Article on Special Programs: Include when the foundation has specific charitable or social development programs that need detailed description

3. Article on Foreign Activities: Include when the foundation plans to operate or receive funding from outside the Philippines

4. Article on Specific Governance Committees: Include when the foundation wants to establish specific committees beyond the basic governance structure

5. Article on Conflict Resolution: Include when specific dispute resolution mechanisms are desired beyond standard legal procedures

Suggested Schedules

1. Schedule A - List of Initial Contributors: Detailed list of founders and their initial contributions to the foundation

2. Schedule B - Initial Programs and Activities: Detailed description of the foundation's initial charitable or social development programs

3. Schedule C - Governance Manual: Detailed procedures for board meetings, decision-making, and governance processes

4. Appendix 1 - Founder Information: Detailed biographical information and credentials of the founders

5. Appendix 2 - Initial Asset Inventory: Detailed list and valuation of initial assets contributed to the foundation

6. Appendix 3 - SEC Certificates and Clearances: Required government certificates, clearances, and supporting documents

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 and Culture

Religious Organizations

Community Development

Humanitarian Aid

Research and Development

Poverty Alleviation

Relevant Teams

Legal

Compliance

Corporate Governance

Executive Leadership

Finance

Operations

Administration

Program Management

Risk Management

Corporate Affairs

Relevant Roles

CEO

Executive Director

Foundation President

Legal Counsel

Corporate Secretary

Compliance Officer

Board of Trustees Member

Foundation Administrator

Program Director

Chief Financial Officer

Governance Officer

Development Officer

Grant Manager

Operations Director

Risk Management Officer

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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