The RMBCA even authorizes a corporation to make charitable contributions. The following form is a sample of a corporate resolution authorizing a charitable contribution.
Oregon Corporate Resolution Authorizing a Charitable Contribution: A Detailed Description and Types A Corporate Resolution Authorizing a Charitable Contribution is a legal document issued by a corporation in the state of Oregon to formally approve and authorize the donation or contribution of funds to a charitable organization. This resolution ensures that the corporation's board of directors or other authorized decision-making body has approved the contribution in accordance with the company's bylaws or other governing documents. In Oregon, there are primarily two types of Corporate Resolution Authorizing a Charitable Contribution: 1. General Charitable Contribution Resolution: This is the most common type of resolution used by corporations in Oregon. It authorizes the corporation to make a donation or contribute funds to a charitable organization of its choice. The resolution generally includes details such as the name of the organization, the purpose of the contribution, the amount or percentage of funds to be donated, and the timeline for the contribution. It is essential for the resolution to be in compliance with the Oregon Revised Statutes and the corporation's governing documents. 2. Restricted Charitable Contribution Resolution: This type of resolution is often utilized when the corporation wants to limit the use of its contribution to a specific charitable purpose or organization. For example, a corporation may wish to donate funds for the construction of a community center or sponsor a specific program of an educational institution. The restricted resolution will define the purpose or organization the contribution is intended for and outline any conditions or requirements attached to the donation. When drafting or executing an Oregon Corporate Resolution Authorizing a Charitable Contribution, it is crucial to include relevant keywords to ensure clarity, legal compliance, and transparency. These keywords may include: — "Oregon Corporate Resolution": Denotes the document applicable to corporations registered or conducting business in Oregon. — "Charitable Contribution": Specifies the type of resolution being authorized, highlighting the intention to donate funds to a charitable organization. — "Authorized": Confirms that the resolution grants permission to the corporation to proceed with the contribution. — "Board of Directors": Typically, they are the authorized body responsible for approving the resolution. — "Compliance": Emphasizes the importance of adhering to Oregon laws, regulations, and the corporation's governing documents. — "Donation": Synonymous with charitable contribution, emphasizing the act of giving funds without expecting anything in return. — "Bylaws": Refers to the internal rules governing the corporation's operations and decision-making processes. — "Revocable/Irrevocable": Describes whether the corporate resolution can be modified or revoked after its issuance. In conclusion, an Oregon Corporate Resolution Authorizing a Charitable Contribution is a legal document that ensures corporations comply with regulations when donating funds to charitable organizations. By choosing the appropriate type of resolution and incorporating relevant keywords, corporations in Oregon can effectively authorize and document their commitment to giving back to their communities.
