MEMBERSHIP AGREEMENT OF
SOIL NC, a project of ABUNDANCE NC,
A NORTH CAROLINA NONPROFIT CORPORATION
The undersigned officer of Abundance NC, a North Carolina nonprofit corporation and fiscal sponsor of Slow Money NC, and of SOIL NC, projects of Abundance NC, acknowledges receipt of a donation from _______________________________ (the “Donor”) in the amount of $ _____________ for the exclusive benefit of furthering the nonprofit, charitable purposes of SOIL NC, a project of Abundance NC.
The Donor received no goods and services in return for this donation. SOIL NC recognizes this donation as a membership contribution. Upon countersigning this agreement, the Donor shall be recognized as a Voting Member of SOIL NC.
SOIL NC is operated exclusively for charitable and educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code. The success of SOIL NC is dependent in part upon each Member’s active participation to advance SOIL NC purposes by supporting efforts to identify food and farm enterprises in need of funds as well as assisting with due diligence and loan management.
SOIL NC is a project of Abundance NC a 501(c)(3) public charity exempt from taxation. As such, contributions to SOIL, NC will be tax-deductible to the fullest extent permitted by law.
By countersigning this agreement, the Donor acknowledges the following:
- The Donor’s membership contribution is permanently dedicated to the charitable and educational purposes of SOIL NC, a project of Abundance NC. In no way will the Donor receive a return of the membership contribution.
- SOIL, NC is non-profit, charitable organization and, in order to maintain its federal tax exemption, the Donor will support its efforts to engage in activities that accomplish one or more of its tax-exempt purposes.
- The assets of SOIL NC will not be used to make investments, loans or make use of its assets for the private benefit of an individual or individuals, other than in connection with an individual’s bona fide sustainable food enterprise or business and only in accordance with the Conflict of Interest Policy and other organizational processes.
- The Donor understands that, membership in SOIL NC requires the Donor to be bound by and to comply with the terms and conditions of the Organizing Documents. Further, the Donor authorizes SOIL NC to publicize and use the Donor’s name and other non-confidential information in its public materials. SOIL NC will never use or share the Donor’s confidential information unless required by law.
DATED: __________ Officer Name:________________________________
Officer title: ____________________________________
DATED: __________ Donor Name: _______________________________