Statement of Purpose

A Path in The Woods Foundation, Inc. a non-profit, charitable organization was created in 2009 in memory and honor of Daniel Joseph McCabe of Wellesley, MA. The organization is dedicated to opening new doors of opportunity and exploration for the young men and women in our community who are searching for their own path in life and need assistance, financial or otherwise in beginning their journey. The organization was organized exclusively for charitable and educational purposes under section 501(c)(3) of the Internal Revenue Code, or corresponding section of any future federal tax code.  The foundation will raise funds through community based events such as an annual golf tournament and dinner and through direct contributions from friends and other benefactors. The funds will be used to provide grants to young adults for training and education related to developing job skills who do not have the resources themselves. Additional grants could be made to deserving applicants for goods or services related to the growth of small independent businesses.

By-Laws

Article 1 - Name & Purpose

The name of the corporation will be A Path in The Woods Foundation, Inc. (the Foundation).  The purpose of the organization shall be dedicated to opening new doors of opportunity and exploration for the young men and women in our communities who are searching for their own path in life.  The Foundation will exist solely for not-for-profit purposes as a charitable organization.  All funds raised by the Foundation will be used for the awarding of grants to deserving recipients consistent with the Foundation’s Statement of Purpose.

Article II – Board of Directors

The Foundation shall be governed by a Board of Directors (the board) made up of a President, Vice-president, Clerk, Treasurer and an Advisory Committee (directors), who shall be chosen by a majority of the board.  The directors may designate certain persons or groups of persons as sponsors, benefactors, contributors, advisors or friends of the corporation or such other title as they deem appropriate.  The officers and directors shall have terms of office as designator by a vote of the board.  The members, directors and officers of the corporation shall not be personally liable for any debt, liability or obligation of the corporation.  All persons, corporations or other entities extending credit to, or contracting with, or having any claim against, the corporation, may look only to the funds and property of the corporation for the payment of any such contract or claim, or for the payment of any debt, damages, judgment or decree, or of any money that may otherwise become due or payable to them from the corporation.

Article III - Meetings

The Foundation shall hold an annual meeting, at a time and place to be determined, to appoint a Board of Directors and determine the recipients of grants to be awarded.  Any member of the Board may call a meeting by contacting the Clerk, who shall give reasonable notice thereof.  At any meeting of the directors a majority of directors then in office shall constitute a quorum. Any meeting may be adjourned by a majority of the votes cast upon the question, whether or not a quorum is present, and the meeting may be held as adjourned without further notice.

Article IV - Disolution

If the Foundation should ever cease to exist, all funds remaining in it possession will be distributed community based not-for-profit organizations dedicated to serving the needs of young adults in fostering their development as productive members of society.

Article V - Amendments

These Bylaws may be altered or amended when necessary by a majority of the Board of Directors.  Proposed amendments must be submitted to the Clerk to be distributed by a notice to all directors stating the substance of such change.

Article VI – Members

The corporation shall have no members.  Any action or vote that Chapter 180 of the General Laws of the Commonwealth of Massachusetts or any other law, rule or regulation, requires or permits members to take shall be taken instead by an action or vote of the same percentage of the directors of the corporation.

Article VII – Action by Vote Members

Each member of the Board of Directors shall have one vote.  When a quorum is present at any meeting, a simple majority of the votes by members present in person, or duly represented, shall decide any question, including election to any office and distribution of funds, with the exception of incidental administrative costs.

Adopted by a vote of the Board of Directors October 12, 2009