Cuyahoga Ohio Corporate Resolution Authorizing a Charitable Contribution

State:
Multi-State
County:
Cuyahoga
Control #:
US-00585BG
Format:
Word; 
Rich Text
Instant download

Description

Corporations have some of the same powers as a natural person, such as the right to own property. Modern corporation statutes give corporations broad powers. The Revised Model Business Corporation Act grants a corporation “the same powers as an individual to do all things necessary or convenient to carry out its business and affairs.” (' 3.02 of the RMBCA).

The RMBCA even authorizes a corporation to make charitable contributions. The following form is a sample of a corporate resolution authorizing a charitable contribution. Cuyahoga Ohio Corporate Resolution Authorizing a Charitable Contribution: A Cuyahoga Ohio corporate resolution authorizing a charitable contribution is a legal document that allows a business entity located within Cuyahoga County, Ohio, to make a donation or contribution to a charitable organization. This resolution serves as an official record of the decision made by the company's board of directors or shareholders to donate funds or assets to support a charitable cause in the local community. Keywords: Cuyahoga Ohio, corporate resolution, charitable contribution, legal document, business entity, board of directors, shareholders, donation, charitable organization, funds, assets, local community. Different Types of Cuyahoga Ohio Corporate Resolution Authorizing a Charitable Contribution: 1. Direct Monetary Contribution Resolution: This type of resolution authorizes the direct donation of a specific monetary amount by the company to a charitable organization based in Cuyahoga County, Ohio. The resolution outlines the purpose, amount, and details of the contribution, including any restrictions or conditions imposed by the company. 2. In-Kind Contribution Resolution: Unlike a monetary contribution, an in-kind contribution resolution authorizes the donation of goods, services, or assets instead of cash. This document specifies the nature of the donation, its estimated value, and the recipient organization in Cuyahoga County that will benefit from the contribution. 3. Matching Gift Program Resolution: Some companies establish matching gift programs to encourage employees to donate to charitable organizations. A matching gift program resolution authorizes the company to match the donations made by its employees, usually up to a predetermined limit. This resolution outlines the guidelines, eligibility criteria, and procedures for employees to follow. 4. Stock or Equities Contribution Resolution: In certain cases, corporations may choose to make charitable contributions in the form of stocks, securities, or other equities. This type of resolution authorizes the company to transfer a specific number of shares or a percentage of their equity holdings to a charitable organization, providing them with an opportunity to benefit from the appreciation of these assets. Keywords: Direct monetary contribution, in-kind contribution, matching gift program, stock contribution, equities, corporate resolution.

Cuyahoga Ohio Corporate Resolution Authorizing a Charitable Contribution: A Cuyahoga Ohio corporate resolution authorizing a charitable contribution is a legal document that allows a business entity located within Cuyahoga County, Ohio, to make a donation or contribution to a charitable organization. This resolution serves as an official record of the decision made by the company's board of directors or shareholders to donate funds or assets to support a charitable cause in the local community. Keywords: Cuyahoga Ohio, corporate resolution, charitable contribution, legal document, business entity, board of directors, shareholders, donation, charitable organization, funds, assets, local community. Different Types of Cuyahoga Ohio Corporate Resolution Authorizing a Charitable Contribution: 1. Direct Monetary Contribution Resolution: This type of resolution authorizes the direct donation of a specific monetary amount by the company to a charitable organization based in Cuyahoga County, Ohio. The resolution outlines the purpose, amount, and details of the contribution, including any restrictions or conditions imposed by the company. 2. In-Kind Contribution Resolution: Unlike a monetary contribution, an in-kind contribution resolution authorizes the donation of goods, services, or assets instead of cash. This document specifies the nature of the donation, its estimated value, and the recipient organization in Cuyahoga County that will benefit from the contribution. 3. Matching Gift Program Resolution: Some companies establish matching gift programs to encourage employees to donate to charitable organizations. A matching gift program resolution authorizes the company to match the donations made by its employees, usually up to a predetermined limit. This resolution outlines the guidelines, eligibility criteria, and procedures for employees to follow. 4. Stock or Equities Contribution Resolution: In certain cases, corporations may choose to make charitable contributions in the form of stocks, securities, or other equities. This type of resolution authorizes the company to transfer a specific number of shares or a percentage of their equity holdings to a charitable organization, providing them with an opportunity to benefit from the appreciation of these assets. Keywords: Direct monetary contribution, in-kind contribution, matching gift program, stock contribution, equities, corporate resolution.

How to fill out Cuyahoga Ohio Corporate Resolution Authorizing A Charitable Contribution?

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Cuyahoga Ohio Corporate Resolution Authorizing a Charitable Contribution