Legal Organization
The Lions Federation is organized for charitable and educational purposes. The Lions Federation shall accept gifts of cash and/or property to be used in carrying out its charitable and educational purposes.
The Lions Federation is also empowered to undertake any activities reasonably necessary to accomplish or supplement its Mission, but only to the extent permitted under 26 U.S.C. §501(c)(3).
The Lions Federation, however, is not authorized to attempt to influence legislation as more than an unsubstantial part of its activities or to intervene or participate, directly or indirectly, in political campaigns on behalf of or in opposition to any candidate for public office, or to do anything which jeopardizes its qualification for exemption under 26 U.S.C.§501(c)(3).
The fiscal year of the Lions Federation is the calendar year.
Funding
The Lions Federation shall be financed by membership fees, seminar incomes, donations, sponsorships, donations , and other income from operational matters not inconsistent with tax exemption under 26 U.S.C. §501(c)(3), and as further outlined below:
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By collecting membership fees of affiliated and supporting members.
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By providing certification for rank and courses, and collecting fees for doing so.
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By achieving profits from events including tournaments, courses and demonstrations of various kinds.
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By borrowing and raising funds in such manner as the Lions Federation may see fit.
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By receiving money on deposit with or without allowance of interest thereon.
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By investing any monies of the Lions Federation, not immediately required, in such manner as may from time to time be determined by the Board.
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By receiving any gift of property or monies whether subject to any special trust or not for any one or more for the purposes of the Lions Federation.
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By taking such steps by personal or written appeals, public meetings or otherwise as may from time to time be deemed expedient for the purposes of procuring contributions to the funds of the Lions Federation in the shape of donations, annual subscriptions or otherwise.
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By income derived from sponsorship arrangements that are directly related to the main activity of the Lions Federation.
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By printing and publishing any newspapers, periodicals, websites, blogs, books or leaflets that the Lions Federation or affiliated organizations may think desirable for the promotion of its purposes.
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By garnering funds from the sale of educational material, sports equipment, or sports supplies.
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By any other means deemed appropriate by the Board and not inconsistent with tax exemption under 26 U.S.C. §501(c)(3).