Harmony Foundation Statement of Policy (As of December 31, 2015)
HARMONY FOUNDATION INTERNATIONAL, Inc. (the "Foundation") is a nonstock, nonprofit charitable trust corporation organized in 1959, and existing under the laws of the state of Wisconsin. The purpose of the Foundation is to promote the use of Society's resources in support of charitable and educational institutions, community services and civic projects, consistent with the purposes of the Society. The Foundation raises, manages and disburses funds generated by or through the resources of the Society, its districts, chapters, members and supporters. The Foundation is responsible for endowment, planned giving and annual fund raising programs, and for fund raising programs supporting the Society's educational and charitable mission, programs and other special projects. The Foundation is a tax-exempt organization, qualified under Section 501(c)(3) of the U.S. Internal Revenue Code, and contributions to the Foundation are deductible by donors for income tax purposes, pursuant to Section 170 of the U.S. Internal Revenue Code. The Vision Statement of the Foundation is: Harmony Foundation International, Inc. is to be a leading philanthropic force dedicated to perpetuating the barbershop harmony art form for present and future generations to enjoy. Pursuant to the provisions of the Foundation bylaws and a Trust Agreement between the Foundation and the Society, both adopted in 1997 and subsequently amended, the business and affairs of the Foundation are managed and administered by a Board of eleven Trustees, nine of whom are elected by the Society Board for rotating terms of three years each. In addition, the president/chief executive officer of the Foundation and the Society executive director are ex officio members of the Board of Trustees, with voice but without vote in matters considered by the Board. At least five of the Foundation Trustees must be members of the Society. The Foundation bylaws provide that the composite qualifications of the Foundation Board of Trustees should include fund raising experience, investment experience, and legal experience, consistent with the purposes and operation of the Foundation. Officers of the Foundation are elected annually by the Foundation Board. The Foundation has a staff, consisting of an executive director, development personnel, and clerical and support personnel, who conduct the daily operations of the Foundation. The Foundation also utilizes various volunteer committees and compensated professionals to carry out its responsibilities. For a copy of the Foundation bylaws, or other information concerning the Foundation, please contact the Executive Director of the Foundation, through the Society office.
BHS HARMONY FOUNDATION STATEMENT OF POLICY
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