The express purpose of the foundation is to manage contributions to maintain a steady and consistent source of funding to support worthy charitable organizations, programs and events that benefit challenged individuals. The Foundation shall initially provide direct and indirect support and assistance in the production of sporting and other related events and activities promoted, and sponsored or presented by other non-profit charitable organizations for the exclusive benefit of underserved and physically or developmentally challenged individuals.
The Foundation may also from time to time identify and partner with other non-profit organizations and sponsor activities by providing funds or other material assistance. Such sponsored activities could be conducted under the direct supervision of the Board of Directors of the Foundation and its authorized representatives. The Board will maintain an investment strategy to sustain and grow the Foundation endowment, and in turn sustain and grow charitable distributions.
Tax Exempt Determination Status
The Jack Robert Walter Foundation is a non-profit organization under the United States Internal Revenue Code Section 501(c)(3), incorporated in the state of California. All donations to The Jack Robert Walter Foundation are tax deductible to the extent allowed by law. The Foundation’s tax identification number is 46-3338606.