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 New York Corporate Resolution Authorizing a Charitable Contribution is a legal document that enables a corporation registered in the state of New York to make a charitable donation. This resolution demonstrates the corporation's commitment to supporting charitable causes and ensures that the contribution complies with the laws and regulations governing corporate donations in New York. The resolution typically includes the following important details: 1. Corporate Information: The resolution identifies the corporation by its legal name, address, and the date on which the resolution is being adopted. 2. Purpose: It states the purpose of the resolution, which is to authorize a charitable contribution or donation. 3. Donation Amount: The resolution specifies the amount that the corporation intends to donate to the chosen charitable organization. 4. Charitable Organization: It mentions the name and pertinent details of the charitable organization receiving the contribution. This information is crucial to ensure that the organization is recognized and eligible for tax-deductible donations. 5. Approval: The resolution outlines the approval process, stating that it was duly passed and approved by the board of directors or shareholders (depending on the specific corporate structure). It may also include documentation of any required quorum or voting requirements met during the approval process. 6. Signatures: The resolution requires the authorized individual(s), typically the CEO or president of the corporation, to sign and date the document. Their signatures validate the corporation's commitment to making the charitable contribution. It is important to note that there may be different types or variations of New York Corporate Resolution Authorizing a Charitable Contribution, depending on the specific needs or circumstances of the corporation. These may include: 1. General Corporate Resolution: This resolution authorizes a one-time or ongoing charitable contribution without any specific restrictions or requirements. 2. Restricted Corporate Resolution: If the corporation intends to donate to a particular cause or for a specific purpose, this resolution is employed. It defines the restrictions or conditions under which the contribution should be made. 3. Matching Gift Corporate Resolution: Some corporations have matching gift programs, where they agree to match their employees' charitable contributions. This resolution outlines the guidelines and limits for such a matching gift program. Overall, a New York Corporate Resolution Authorizing a Charitable Contribution serves as a legally binding document that demonstrates a corporation's commitment to making a positive impact through charitable giving while ensuring compliance with relevant laws and regulations.
