The Richards & Coleman Family Foundation, Inc. is a 501(c)3 non-profit charitable organization under the laws of the State of Maryland and the United States of America. The Foundation was established by voting consensus and approval of the Richards & Coleman Family Association's (RCFA) General Body at the Annual Meeting in Raleigh, North Carolina in July 2006.
Whereas its purpose is charitable, to provide scholarships through the James David Cassell Jr. Educational Fund, and other assistances that will help to provide a quality education for underprivileged individuals and families unable to meet tuition expenses for themselves or their children. The Foundation will provide other assistance to the needy.
Whereas the sole objective and purpose of this non-profit organization is charitable; to assist underprivileged individuals and families in acquiring quality education for themselves and their children it shall provide other emergency assistance when possible.
Therefore, the officers of the Foundation have delegated to the present Board of Directors the necessary power to approve the functions of the Administrative Officers according to the Bylaws, which will be reviewed annually and amended as necessary. The Administrative Officers and the Board of Directors shall be elected by the members of the Richards and Coleman Family Foundation.
Section 1: As outlined in the preamble, the organization has a charitable purpose to assist through fundraising. The proceeds gathered will be used for assisting in the tuition costs of deserving and gifted students whose families are unable to meet their tuition expenses, and for scholarships and special awards.
Section 2: The Foundation's Board of Directors is required to hold quarterly meetings.
Section 3: The Foundation will set up the functions needed for its fund raising activities.