The RMBCA even authorizes a corporation to make charitable contributions. The following form is a sample of a corporate resolution authorizing a charitable contribution.
A Georgia Corporate Resolution Authorizing a Charitable Contribution is an official document that outlines the approval process for a corporation to make a donation to a charitable organization or cause. This resolution is crucial as it establishes the corporation's intention to contribute funds or assets towards a given charitable purpose. Keywords: Georgia, corporate resolution, charitable contribution, donation, corporation, charitable organization, assets, funds, approval process, contribution. There are several types of Georgia Corporate Resolution Authorizing a Charitable Contribution: 1. Simple Charitable Contribution Resolution: This type of resolution is used when a corporation wishes to make a one-time donation to a charitable organization. It states the specific amount or assets to be contributed, the purpose of the contribution, and authorizes the responsible officers to carry out the donation. 2. Annual Charitable Contribution Resolution: Corporations that regularly contribute to charitable causes may adopt an annual resolution. This document authorizes the corporation to make a certain amount of donations throughout the year or specifies a budget for charitable contributions. 3. Charitable Contribution Policy Resolution: Some corporations establish a policy for charitable contributions to ensure consistency and accountability. This resolution outlines the guidelines, criteria, and processes for evaluating and approving donations, ensuring that they align with the corporation's mission and core values. 4. Directed Charitable Contribution Resolution: In certain cases, a specific employee, department, or committee within a corporation may be entrusted with the responsibility of selecting the charitable recipients for corporate contributions. This resolution authorizes the designated individuals or entities to make decisions on behalf of the corporation regarding the beneficiaries of the charitable contribution. 5. Matching Charitable Contribution Resolution: Many corporations offer matching gift programs to encourage their employees to donate to charitable organizations. This resolution establishes the terms and conditions under which the corporation will match employee contributions, including eligibility criteria, maximum match value, and submission procedures. Regardless of the type, a Georgia Corporate Resolution Authorizing a Charitable Contribution is a legal instrument that formalizes a corporation's commitment to supporting charitable causes. It clarifies the decision-making process, ensures compliance with state regulations, and provides a record of the corporation's philanthropic activities.