Education Development United (EDU) Foundation
[a 501(c)(3) Organization]
Education Development United (EDU) Foundation
[a 501(c)(3) Organization]
Section 1: NAME
The name of this organization is Education Development United (EDU) Foundation hereafter referred to as the Foundation.
Section 2: LOCATION
The address of the Foundation is 2850 W. Jay Jay Road, Titusville, Florida, 32796-1725, United States of America.
Section 3: PURPOSE
The mission statement of the Foundation is: “To develop resources for the support of education in various countries with projects via scholarships, scholarship endowments and other related educational projects.”
3.1: The Foundation will manage donations of all kinds for educational purposes.
3.2: The Foundation will develop projects that will produce resources for education around the world.
3.3: The Foundation will cooperate with and utilize Work and Witness teams (volunteer groups) and projects in the development of education resources and facilities.
3.4: The Foundation will focus on the development of human resources, library development, creative academics and education institution financial support.
Section 4: MEMBERSHIP
The membership of the foundation shall consist of volunteers who have education as their primary burden and passion and who have been accepted into membership by a Partnership Chapter or by the Board of Trustees in accord with the By Laws.
Section 5: MEETINGS
5.1: The members of the Foundation will meet in their various chapters annually or on call of the Chapter Manager or Foundation President.
5.2: The meetings will be for information and resourcing and will include a report on the opportunities and activities of the Chapter and the Partnership.
5.3: A quadrennial meeting of all chapters will be organized by the Trustees.
FOUNDATION PARTNERSHIP CHAPTERS
Section 1: FOUNDATION PARTNERSHIP CHAPTERS
Foundation Partnership Chapters may be formed by the Foundation President or his/her designee, at any place where individuals committed to education wish to be members of the Foundation and plan to come together for information, participation and resourcing.
Section 2: MEETINGS
A meeting of the Chapter will be called by the Managing Partner of the Chapter or the Foundation President at least once a year.
Section 3: DUTIES
The chapter shall
4.1: organize itself for the promotion of education institutions and projects.
4.2: make proposals, secure approval and undertake projects both for the generation of funds and utilization of funds to the Board of Trustees.
4.3: encourage the recruitment of members and of persons willing to serve to enhance education.
4.4: recruit and organize teams for the accomplishment of Partnership education projects.
4.5: receive the report of the Foundation President and Managing Partner and be informed of the opportunities and challenges that have come to the attention of the Partnership Chapter.
Section 4: CHAPTER OFFICERS
Members of the Chapter may nominate a Chapter Managing Partner, Secretary, Treasurer and any other office deemed necessary to accomplish their objectives to the Foundation President for appointment with the approval of the Foundation Board of Trustees in accord with the By Laws.
Section 5: DUTIES OF CHAPTER OFFICERS
5.1: The Managing Partner of the Chapter is responsible to arrange for the meetings of the chapter, to chair the meeting and bring a report on the activities of the Chapter to the meeting.
5.2: The Secretary is responsible for the minutes of the meetings, for submission of proposals to the Board of Trustees and for distribution of information to the Chapter Members.
5.3: The Treasurer is responsible for funds that are raised or used by the chapter and to forward relevant funds for projects, endowments, investment or other purposes to the Treasurer of the Board of Trustees in accord with the By Laws.
5.4: The Treasurer is responsible to provide a report to the Chapter and the Board of Trustees, and to submit each quarter to the Foundation Treasurer the required documentation as specified in the By Laws.
BOARD OF TRUSTEES
Section 1: GOVERNANCE
This organization will be governed by a Board of Trustees hereafter referred to as the Board
Section 2: MEMBERSHIP
The Board shall be composed of
2.1: The President.
2.2: The Vice-President, Secretary and Treasurer.
2.3: The Managing Partners of all Foundation Partnership Chapters in accord with the By Laws.
2.4: Up to four Members at Large elected at the discretion of the Board.
2.5: Directors of Projects in accord with the By Laws
Section 3: MEETINGS
3.1: There will be an annual meeting held once per year to receive the report of the Foundation President, reports from the Chapter Managing Partners, report from the Directors of Projects and to conduct the elections and any other business of the Foundation.
3.2: Quarterly meetings will be held in order to receive and approve project proposals and conduct the general business of the Foundation.
3.3: Emergency meetings may be called by the Executive Committee of the board with at least two weeks notice.
3.4: If any three Chapter Managing Partners request the Executive Committee to call an emergency meeting of the Board it shall be called within four weeks.
Section 4: OFFICERS
The Foundation shall have five officers: President, Vice-President, Secretary, Treasurer and Director of Projects who shall be elected in accordance with the provisions of the By-Laws
Section 5: EXECUTIVE COMMITTEE
5.1: The Executive Committee shall consist of the officers of the Board and shall meet on the call of the President or of any two members of the Committee.
5.2: The Executive Committee shall care for the business of the Board between sessions of the Board.
5.3: All actions of the Executive Committee are subject to the approval of the Board at its next meeting.
Section 6: DUTIES OF THE BOARD
The Board shall
6.1: elect the Foundation President and officers at the annual meeting, or at a specially called meeting in accord with the provisions of the By-Laws.
6.2: accept members to the Foundation Chapters at any meeting in accord with the provisions of the By-Laws.
6.3: receive the report of the Foundation President, Treasurer, Chapter Managers and Director of Building Projects at the annual meeting.
6.4: receive and approve proposals for projects both for the generation and allocation of funds.
6.5: receive, invest and utilize donations of all types for the benefit of education projects and institutions.
6.6: assist educational institutions or education projects with application for grants from other sources.
6.7: make investment in property and other assets and sell the same for the development of endowment and other funds for educational purposes.
6.8: operate such bank accounts as are necessary for the receipt, management and disbursal of funds for the partnership.
6.9: care for the accounts of the Foundation.
6.10: appoint the auditors for the foundation and receive the audit report at the annual meeting.
6.11: make contracts for projects undertaken by the Foundation.
6.12: hold in the name of the Trustees through the Foundation President and two other Trustees all buildings, deeds and other property possessed by the Foundation, and be in sole charge of the purchase, sale or mortgage of buildings and land or of other assets.
6.13: create or sustain endowments for educational purposes.
6.14: to establish research teams to examine proposals for educational projects or fund generation when advisable.
6.15: ensure that the administration of the Foundation is in accord with the Christian philosophy and principles set forth in the Scriptures.
6.17: keep all Foundation members informed of the opportunities and activities taking place in the Foundation.
6.18: encourage members to take advantage of the variety of opportunities for service that come to the attention of the Foundation.
6.19: arrange the quadrennial meeting of all Foundation members at a suitable time and place.
6.20: Appoint the Director of Projects
6.21: care for any other business of the Foundation.
Section 7: EXCLUSIONS
Except in special circumstances and with the unanimous written consent of the Board, no member of the Board shall take or hold an interest in any property belonging to the Foundation otherwise than as a Trustee or receive any remuneration or be interested in the supply of works or goods at the cost of the Foundation.
ADMINISTRATIVE OFFICERS OF THE FOUNDATION
Section 1: OFFICERS
The Foundation shall have five officers: President, Vice-President, Secretary, Treasurer and Director of Building Projects who shall be elected in accordance with the provisions of the By-Laws
Section 2: FOUNDATION PRESIDENT
The chief executive officer of the Partnership shall have the title of President and shall serve as the Managing Director of the Foundation. The term of service for the President shall be four years and she/he may stand for re-election in accord with the provision of the By-Laws.
The duties shall be:
2.1: To call, plan and conduct the annual meetings of the board.
2.2: To organize the Foundation for its proper and efficient operation.
2.3: To oversee the promotion and development of the Foundation.
2.4: To keep all chapter members informed of educational needs and opportunities for service.
2.5: To report the activities of the Foundation to the Board and to the Chapters.
Section 3: VICE-PRESIDENT
The Vice-President shall be elected for a four year term and he/she may stand for re-election in accord with the provision of the By-Laws. The Vice-President shall assist the President with his/her duties at the discretion of the President and shall carry the responsibilities of the President when the President is unavailable.
Section 4: SECRETARY
The Secretary shall be elected for a four year term and he/she may stand for re-election in accord with the provision of the By-Laws.
The duties of the Secretary are
4.1: to record and preserve the minutes of all meetings of the Board.
4.2: to preserve all reports submitted to the Board by the President, Treasurer, Chapter Managing Partners or special committees.
4.3: to distribute informational and proposal materials to the Chapter Managing Partners.
4.4: to preserve copies of materials which have been distributed.
Section 5: TREASURER
The Treasurer shall be elected for a four year term and he/she may stand for re-election in accord with the provision of the By-Laws.
The duties of the Treasurer are
5.1: To keep account of all monies and assets of the Foundation and prepare them for audit annually.
5.2: To prepare and file the required 501(3)© corporation report to the IRS at the end of each year.
5.3: To provide the Trustees with quarterly reports on all accounts in hard copy or digital format.
5.4: To receive and care for all monies and assets received by the Foundation.
5.5: To disburse monies upon the order of the Board of Trustees.
5.6: To sign documents and checks paying accounts in accord with the rules of the By Laws and in accord with Board directives.
5.7: To establish and implement the procedure for reimbursement of Foundation Officers and a petty cash system to handle the office expenses.
5.8: To submit the Treasurer’s books to the approved auditor annually.
Section 6: DIRECTORS OF PROJECTS
The Directors of Projects shall be appointed by the Board of Trustees in accord with the provisions of the By-Laws. There shall be a Director of Building Projects.
The duties of the Directors of Projects are
6.1: Promote and encourage the acceptance of projects that would benefit the Foundation.
6.2: Receive applications from Partners, Churches, Districts and other interested parties and assess each for its success.
6.3: Present building projects to the Executive Committee of the Board for approval.
6.4: Monitor all building projects for their success
6:5: Coordinate all activities for the success of each project.
Section 1: AMMENDMENTS TO THE CONSITUTION
This constitution of the Foundation may be amended by a two thirds favorable vote of the Board of Trustees subject to approval by a majority vote of members at the Quadrennial meeting.
Section 2: AMENDMENTS TO THE BY-LAWS
The By-Laws of the foundation may be amended by a two thirds vote of the Board.
In the event of the dissolution of the Foundation all properties and assets of the Foundation shall become the property of the International Board of Education, currently located at 6401 The Paseo, Kansas City, Missouri, for the purpose of education endowments.
Education Development United Foundation
Section 1: QUORUM
A quorum shall consist of members present and voting at any meeting of the Foundation except for the Board of Trustees where at least three (3) officers must be present.
Section 2: RULES
Robert’s Rules of Order shall provide protocol for all meetings except where the Constitution or By-Laws stipulate otherwise.
Section 3: ELECTIONS OF OFFICERS
3.1: The first President shall serve until the first Quadrennial Meeting of the Foundation takes place after which the Partnership will elect the President at the Quadrennial meeting by a two thirds vote from nominations by the Foundation Chapters or the Board to serve for a four year term and until his/her successor is elected and qualified.
3.2: The Vice-President shall be elected by the Board from the membership of the Partnership to serve for four years and until his/her successor is elected and qualified.
3.3: The Secretary shall be elected by the Board from the membership of the Foundation to serve for four years and until his/her successor is elected and qualified.
3.4: The Treasurer shall be elected by the Board from the membership of the Foundation to serve for four years and until his/her successor is elected and qualified.
3.5: In the event that an office is vacated between Quadrennial Meetings the Board may elect a person to fill that office by a two third majority vote.
Section 4: ACCEPTANCE TO MEMBERSHIP AS A PARTNER
4.1: Any person who completes a membership application and indicates a desire to assist with the development of or resource education may be accepted as a Partner.
4.2: New members shall receive an official notification of their acceptance.
4.2: Upon acceptance by the Board such individuals become members of the Foundation.
Section 5: ELECTION OF BOARD
5.1: All Chapter Managers shall be members of the Board until there are more than five Chapters, after which time the Board shall provide for a rotation of Managers to maintain membership at five.
5.2: The Building Project Manager shall be a member of the Board. Additional Project Managers may be designated with or without membership on the Board.
Section 6: FINANCE
6.1: A Bank account shall be established with an institution that can provide full banking service in a city near the home of the Treasurer for the sake of convenience in handling banking transactions.
6.2: The Treasurer, President and Vice-President shall be authorized to sign banking documents. Only one signature is required. Checks may be issued only by order of the Board. Standing orders for routine expenses may be issued by the Board.
6.3: An audit shall be conducted every year. Bids for audit shall be taken at least once every five years, and a change of auditor is mandatory after ten years.
Section 7: LOGO
The logo of the Foundation shall consist of the words “EDUCATION DEVELOPMENT UNITED FOUNDATION” arranged around the outer edge of a circle. In the center there shall be a stylized group of people holding a torch representing the lamp of learning.
Section 8: CHAPTER RULES
8.1: Chapter Officers may be elected by a majority vote.
8.2: The Chapters shall offer members participation in one or more of the following areas:
8.3: Each chapter shall have the authority to develop rules for their chapter that are in agreement with the constitution. Rules are submitted to the Board for confirmation and approval.
Section 9: CHAPTER TREASURERS
The responsibility of the chapter treasurers is as follows:
9.1: To keep an accurate accounting of all monies and assets that come into the possession of the Chapter.
9.2: To provide the Foundation Treasurer a quarterly financial report, together with the originals of bank statements, paid receipts or invoices and notations as to the source of funds received that match the disbursements and deposits on bank statements.
9.3: To provide a financial report to the Chapter showing all financial transactions that have occurred whenever the Managing Partner shall call a meeting of the Chapter. The report should cover all financial transactions from one meeting to the next.
9.4: To be responsible for funds raised or used by the chapter and to forward relevant funds for projects, endowments, investment or other purposes to the Foundation Treasurer.