MOAF as Non Profit organization
Moyo Africa Foundation is organized exclusively for charitable, religious, educational, and scientific purposes, including, for such purposes, the making of discipline distributions to organizations that qualify as exempt organizations under section 501(c) (3) of the Internal Revenue Code, or corresponding section of any future federal tax code.
Upon the dissolution of Moyo Africa Foundation, assets shall be distributed for one or more exempt purposes within the meaning of section 501 (c) (3) of the Internal Revenue Code, or corresponding section of any future federal tax code, or shall be distributed to the federal government, or a state or local government, for a purpose. Any such assets not disposed of by the court of common pleas of the county in which the principal office of the organization is located, exclusively for such purposes or to such organization or organizations, as said Court shall determine which are organized and operated exclusively for such purposes. All Moyo Africa Foundation board members serve as volunteers therefore are not entitled to receive compensations. Also no one on the board is or should be related to one another in marriage or by blood.
All Moyo Africa Foundation board members and staff shall serve the public with integrity, respect, trust, loyalty and love.
All Moyo Africa Foundation board members and staff should uphold and promote the vision of the organization, which is, to be the best non-profit organization to the public, and also should uphold and promote the mission of the organization, which is, to provide the best services to the public that uplift the living standards of local people.
Moyo Africa Foundation shall provide many services to the public such as building schools, hospitals, roads, wells, modern houses for local people. Moyo Africa Foundation will also provide educational, relief, micro loans and health prevention programs to people especially those in unprivileged areas. Moyo Africa Foundation as a non-profit organization, when conducting foreign activities or making foreign expenditures will comply with OFAC registration and license requirements.
Moyo Africa Foundation will never maintain a separate account for any contributor under which the contributor has the right to advice on the use or distribution of funds. Moyo Africa Foundation shall not use or give out money to another non-profit or charitable organizations.
CONFLICT OF INTEREST POLICY.
"Any director, officer, or key employee who has an interest in a contract or other transaction presented to the Board or a committee thereof for authorization, approval, or ratification shall make a prompt and full disclosure of his interest to the Board or committee prior to its acting on such contract or transaction. Such disclosure shall include any relevant and material facts known to such person about the contract or transaction which might reasonable be construed to be adverse to the corporation’s interest.
The body to which such disclosure is made shall thereupon determine by a vote of seventy-five percent (75%) of the votes entitled to vote, whether the disclosure shows that a conflict of interest exists or can reasonably be construed to exist. If a conflict is deemed to exist, such person shall not vote on, nor use his personal influence on, nor participate (other than to present factual information or to respond to questions) in the discussions or deliberations with respect to such contract or transaction. Such person may be counted in determining whether a quorum is present but may not be counted when the Board of Directors or a committee of the Board takes action on the transaction.
The minutes of the meeting shall reflect the disclosure made the vote thereon, the abstention from voting and participation, and whether a quorum was present. The provisions of this Article shall also be governed by a director’s statutory duty under Arizona Revised Statutes 10-3860 through 10-3864 pertaining to “conflicting interest transactions."