Forward Institute, Incorporated
Articles of Incorporation
Executed by the undersigned, as a citizen of the United States, for the purpose of forming a Wisconsin nonstock, non-profit Corporation under Ch. 181 of the Wisconsin Statutes, repealed and recreated by 1997 Wisconsin Act 79, and under the Non-Profit Corporation Law of the United States:
First: The name of the Corporation shall be the "Forward Institute, Inc."
Second: The Corporation is organized under Ch. 181 of the Wisconsin Statutes.
Third: Scott R. Wittkopf, initial registered agent. The physical location and mailing address of the initial registered and principal office of the Corporation is 101 N. Marquette St., Madison, WI 53704, County of Dane.
Fourth: Said Corporation is organized exclusively for educational purposes, including, for such purposes, the making of distributions to individuals and organizations that qualify as exempt under section 501(c)(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code. Corporate Assets shall be permanently dedicated to the exempt purpose of funding non-partisan public policy research, publication, and public distribution of said research regarding aforementioned non-partisan public policy issues in the state of Wisconsin.
Fifth: The names and addresses of the persons who are the initial directors of the Corporation are as follows:
Scott Wittkopf, Chair, 101 N. Marquette St., Madison, WI 53704
Julie Wells, Treasurer 311 Halcyon Pl., Fort Atkinson, WI 53538
Meg Turville-Heitz, Vice Chair, PO Box 531, Cambridge, WI 53523
Sara Schulz, Communications Director, W1027 Eau Claire Rd., Genoa City WI 53128
Nathaniel Haack, Secretary, 807 E. Keefe Ave. Milwaukee, WI 53212
Upon departure of any director of the Corporation, replacement shall be determined by majority vote of the remaining directors. Additional directors may be added to the Board upon approval of a majority or the current directors. The Corporation shall exist until dissolved by a two-thirds vote of all directors. Upon the conditions outlined above, the Corporation shall be dissolved. See article eight below for dissolution of assets.
Sixth: As a private foundation formed for the express purpose of funding non-partisan scholarly research, publication, and public distribution of said research regarding non-partisan public policy issues in the state of Wisconsin; the distribution of assets shall adhere to the following criteria:
1. The Corporation will distribute its income for each tax year at a time and in a manner as not to become subject to the tax on undistributed income imposed by section 4942 of the Internal Revenue Code, or the corresponding section of any future federal tax code.
2. The Corporation will not engage in any act of self-dealing as defined in section 4941(d) of the Internal Revenue Code, or the corresponding section of any future federal tax code.
3. The Corporation will not retain any excess business holdings as defined in section 4943(c) of the Internal Revenue Code, or the corresponding section of any future federal tax code.
4. The Corporation will not make any investments in a manner as to subject it to tax under section 4944 of the Internal Revenue Code, or the corresponding section of any future federal tax code.
5. The Corporation will not make any taxable expenditures as defined in section 4945(d) of the Internal Revenue Code, or the corresponding section of any future federal tax code.
Seventh: No part of the net earnings of the Corporation shall inure to the benefit of, or be distributable to its members, trustees, officers, or other private persons, except that the Corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purposes set forth in Article Four hereof. No substantial part of the activities of the Corporation shall be the carrying on of pro
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