SAFIRE is organized and shall be operated exclusively for charitable, educational, and scientific purposes within the meaning of Sections 501(c)(3), 170(c)(2), 2055(a), and 2522(a) of the Internal Revenue Code of 1986, as amended, (the “Code”). Within the limitations established by the preceding sentence, SAFIRE is organized and shall be operated for three purposes: to carry on scientific research in the public interest specifically targeting the understudied areas of venous disease and pelvic pain, and other associated symptoms; to provide education and research opportunities for trainees in Interventional Radiology (and other specialties as they apply to the main interest of pelvic pain and venous disease); and to provide grant funds to patients who cannot afford care and do any and all other acts and things and exercise any and all other rights and powers which may be reasonably necessary, incidental, desirable, or expedient in the accomplishment of such purposes.
SAFIRE shall not engage in any activity which may not be carried on (a) by an organization which is exempt from federal income taxation under Section 501(a) of the Code by virtue of being described in Section 501(c)(3) of the Code or (b) by an organization eligible to receive deductible charitable contributions pursuant to Sections 170(c)(2), 2055(a), and 2522(a) of the Code.
SAFIRE shall not directly or indirectly afford pecuniary gain, dividends or other pecuniary remuneration, incidentally or otherwise, to its directors or officers, and no part of the net earnings of SAFIRE shall inure directly or indirectly to the benefit of any private individual, except that SAFIRE shall be authorized and empowered to pay reasonable compensation for services rendered and property received, to provide indemnification and pay premiums for insurance protection without reimbursement to the full extent permitted or required by applicable law, and to make payments and distributions in furtherance of the purposes set forth in its Articles of Incorporation.