Constitution


1.          Name.  The name of the society is THE ROTARY CLUB OF BRETNWOOD BAY FOUNDATION (the "Society")


2.          Purpose.  The purposes of the Society are:

            

             a)  to gift funds to qualified donees as defined in subsection 149.1(1) OF THE Income Tax Act;

             b)  to advance education by providing scholarships, bursaries, and awards to students in the region of Victoria, British Columbia; and

             c)  to advance the education of students in the region of Victoria, British Columbia, by providing schools with books, equipment and

                  other education aids; and

             d)  to relieve poverty in the region of Victoria, British Columbia, by providing baskets and hampers containing food and gifts to families in need.


3.          Investments.  The Society may invest in those securities or investments authorized under the Trustee Act, R.S.B.C 1979, c. 414, and    

             amendments thereto, and in addition may invest in the securities or investment, including real personal property, which, in its sole

             discretion, the Society considers to be:


             a)  reasonably secure and likely to yield a fair return; and

             b)  consistent with its charitable purposes, and without limiting the generality of the foregoing, the Society may retain, liquidate, alter,

                   improve, or enhance the assets which it receives.


             This clause is unalterable.


4.          Non-Profit Institution.  The activities and purposes of the Society shall be carried on without purpose of gain for its members and any

             profits or other accretions to the Society shall be used for promotion the purposes of the Society.  This clause is unalterable. 


5.          Requests of Donors.  Subject to the provision of this Constitution, the Bylaws of the Society and the Society Act, the reasonable requests

             of donors in relation to assets donated or bequested shall be honoured to the greatest extend practicable.  This clause is unalterable.


6.          Wind-up or Liquidation.  In the event the Society shall be wound up or liquidated in accordance with the Society Act of British Columbia,

             all of the assets and property, real or personal, held by the Society, or any future interests that but for the liquidation would vest in the

             Society, shall be transferred and conveyed to another Canadian organization classified as tax exempt within the meaning of Clause 2

             hereof.  Such other organization shall be selected by the members of the Society upon liquidation subject to the provision that all the

             funds and/or property of the Society shall be administered for the benefit of objects within the scope of Clause 2 hereof.  This clause is

             unalterable. 

 






7159A West Saanich Road Brentwood Bay, BC V8M 1P7
7159A West Saanich Road Brentwood Bay, BC V8M 1P7
Rotary Club of Brentwood Bay Foundation