ARTICLES OF INCORPORATION – PAGE 1 OF 3
ARTICLES OF INCORPORATION
OF THE
CORONA COMMUNITY FOUNDATION
ARTICLE I
NAME
The name of this corporation is Corona Community Foundation (“Corporation”).
ARTICLE II
PURPOSES
A. This Corporation is a nonprofit public benefit organization and is not organized for the private gain of any person. It is organized under the Nonprofit Public Benefit Corporation Law exclusively for charitable purposes.
B. The specific charitable purposes of the Corporation are to: (1) support all facilities, assets, amenities, programs and activities owned, operated, provided, or otherwise supported by the City of Corona (“City”) for the benefit of its residents, including, but not limited to, the City’s parks, open spaces, trails, aquatic centers, community centers, senior centers, libraries, public art, fire stations, and police stations; (2) to engage in any other activities in furtherance of the purposes for which the Corporation is formed; and (3) to receive, invest and utilize funds, property and in-kind materials or services acquired through the solicitation of contributions, donations, grants, gifts, bequests and the like for the purposes for which the Corporation is formed.
ARTICLE III
INITIAL AGENT FOR SERVICE OF PROCESS
The name and address in the State of California of this Corporation's initial agent for service of process is:
Sergio Rudin
Best Best & Krieger LLP
500 Capitol Mall Ste 2500
Sacramento, CA 95814
ARTICLES OF INCORPORATION – PAGE 2 OF 3
ARTICLE IV
INITIAL STREET AND MAILING ADDRESS
The initial street and mailing address of the corporation is:
400 S Vicentia Avenue
Corona, CA 92882
ARTICLE V
LIMITATION OF CORPORATE ACTIVITIES
A. This corporation is organized and operated exclusively for charitable purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (“Code”).
B. Notwithstanding any other provision of these Articles of Incorporation, the Corporation shall not, except to an insubstantial degree, engage in any activities or exercise any powers that do not further the purposes of the corporation, and the corporation shall not carry on any other activities not permitted to be carried on by: (a) a corporation exempt from federal income tax under Section 501(c)(3) of the Code; or (b) a corporation, contributions to which are deductible under Section 170(c)(2) of the Code.
C. No substantial part of the activities of this Corporation shall consist of lobbying or carrying on propaganda, or otherwise attempting to influence legislation, and the Corporation shall not participate or intervene in (including the publication or distribution of statements) any political campaign on behalf of, or in opposition to, any candidate for public office.
ARTICLE VI
DEDICATION AND DISSOLUTION
A. The property of this Corporation is irrevocably dedicated to charitable purposes and no part of the net income or assets of this Corporation shall ever inure to the benefit of any director, officer or member thereof, or to the benefit of any private persons.
B. Upon the dissolution or winding up of the corporation, and after paying or adequately providing for its debts and obligations, the remaining assets of the corporation shall be distributed to the City and be used exclusively for the purposes for which the Corporation was established. If the City waives receipt of such assets, then remaining assets of the Corporation shall be distributed to a nonprofit fund, foundation or corporation which is organized and operated exclusively for charitable purposes and which has established and maintained its tax-exempt status under Section 501(c)(3) of the Code, ARTICLES OF INCORPORATION – PAGE 3 OF 3
provided such assets are used for the purposes for which the Corporation was established.
C. If the Corporation holds any assets in trust then such assets shall be disposed of on dissolution in conformity with these Articles of Incorporation or the bylaws for the Corporation subject to complying with the provisions of any trust under which such assets are held. The disposition shall be in such manner as may be directed by decree of the Superior Court of the county in which the Corporation has its principal offices, on petition therefor by the Attorney General or by any person concerned in the liquidation, in a proceeding to which the Attorney General is as party. Such decree of the Superior Court may be waived if the Attorney General makes a written waiver of objections to the disposition.
Date: __________, 2026.
____________________________
SERGIO RUDIN
Incorporator