Section 1. Place. The principal office of Central Washington Catholic Foundation shall be located in Yakima, Yakima County, Washington.

ARTICLE II.

NOT FOR PROFIT FOUNDATION

Section 1. Not for Profit Organization. Central Washington Catholic Foundation is not for profit. The Foundation is irrevocably dedicated to and operated exclusively for non profit purposes; and no part of the income or assets of the Foundation shall be distributed to, or inure to the benefit of, any individual, except that the Foundation shall be authorized and empowered to pay reasonable compensation for furtherance of the purposes set forth herein.

The purposes for which the Foundation is organized are exclusively religious, charitable, scientific, literary and educational within the meaning of Section 501 (C) (3) of the Internal Revenue code of 1986 or the corresponding provision of any future United States Internal Revenue Law.

Inspired by the gospel of Jesus Christ, this independent corporation is to support and enhance philanthropy and charitable activities for the needy, disadvantaged, and faith-oriented worthy causes in the counties of Benton, Chelan, Douglas, Grant, Kittitas, Klickitat, and Yakima in Central Washington.

No part of the activities of the Foundation shall be the carrying on of propaganda, or otherwise attempting to influence legislation, and the Foundation shall not participate in, or intervene in (including the publishing or distribution of statements) any political campaign on behalf of any candidate for public office.

Notwithstanding any other provision of these articles, this organization shall not carry on any other activities not permitted to be carried on by an organization exempt from federal income tax under section 501 (C) (3) of the Internal Revenue Code of 1986 or the corresponding provision of any future United States Internal Revenue Law.

Section 2. Distribution of Assets upon Dissolution. In the event of dissolution, the residual assets of the organization will be turned over to the Corporation of the Catholic Bishop of Yakima as an exempt organization described in Section 501(C) (3) and 170 (C) (2) of the Internal Revenue Code of 1986, or corresponding sections of any future Internal Revenue Code, or to the federal, state, or local government exclusively for public purposes.

Section 3. Central Washington Catholic Foundation Compliance. The Foundation at all times shall act in a manner consistent with the policies and directives adopted by the majority vote of the Board of Trustees of Central Washington Catholic Foundation.