Community

Preserver Partners Foundation

Mission

The mission of the Preserver Partners Foundation is to strengthen the community by investing resources in programs that promote education, economic opportunity and social justice. We are excited to extend our service to the community through the Preserver Partners Foundation where we can expand our reach beyond the Memphis area.

No part of the net earnings of the organization shall inure to the benefit of, or be distributable to its members, trustees, officers or other private persons, except that the organization 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 the purpose clause hereof.

No substantial part of the activities of the organization shall be the carrying on of propaganda, or otherwise attempting to influence legislation, and the organization shall not participate in, or intervene in (including the publishing of distribution of statements) any political campaign on behalf of any candidate for public office.

Notwithstanding any other provision of this document, the organization shall not carry on any other activities not permitted to be carried on (a) by an organization exempt from federal income tax under section 501 (c) (3) of the Internal Revenue Code, or corresponding section of any future federal tax code, or (b) by an organization, contributions to which are deductible under 170 (c) (2) of the Internal Revenue Code or corresponding section of any future
federal tax code.