Page 22 - 2025 Brethren Home Position Statement
P. 22

5) The term for which the corporation is to exist is perpetual.

               6) The corporation is organized on a non-stock basis.


               7) The corporation shall have no members..

               8) This  corporation  shall  be  operated  exclusively  for  charitable,  scientific  and  educational
                   purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code. No member
                   or director of the corporation shall possess any right or title to or interest in the corporate
                   property or earnings of the corporation in his or her individual or private capacity and no part
                   of  the  net  earnings  of  the  corporation  shall  inure  to  the  benefit  of  any  member,  director,
                   officer or any private shareholder or individual. No substantial part of the activities of the
                   corporation  shall  consist  of  carrying  on  propaganda  or  otherwise  attempting  to  influence
                   legislation, nor shall the corporation participate in or intervene in any political campaign on
                   behalf of any candidate for public office.


               9) Any  references  herein  to  specific  provisions  of  the  laws  of  the  Commonwealth  of
                   Pennsylvania or to specific provisions of the Internal Revenue Code shall be construed to
                   include  subsequent  amendments  to  such  specific  provisions  and  to  include  corresponding
                   provisions of subsequent legislation which may restate, supersede, or otherwise alter such
                   specific provisions.

               10) Upon dissolution of the corporation, any property after providing for debts and obligations of
                   the corporation shall be distributed to The Brethren Home Community, a Pennsylvania non-
                   stock, non-profit corporation, or its successor, provided that such corporation or its successor
                   is then in existence and is then exempt from income taxes under Section 501(c)(3) of the
                   Internal  Revenue  Code.  If  upon  the  dissolution  of  the  corporation,  The  Brethren  Home
                   Community or its successor, is not in existence, or is not then an organization described in
                   Section 501(c)(3) of the Internal Revenue Code, any property of the corporation remaining
                   after  providing  for  debts  and  obligations  of  the  corporation  shall  be  distributed  to  one  of
                   more organizations exempt from income tax under Section 501(c)(3) of the Internal Revenue
                   Code, as may be designated by the  Board of Directors of the corporation.





























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