World Zarathushti Chamber Of Commerce

ZEDF

ZOROASTRIAN ENTERPRENEUR DEVELOPMENT FUND (ZEDF)

Purpose

The purpose of the corporation shall be in furtherance of the Zoroastrian religion and the followers of the Zoroastrian religion, specifically to promote Zoroastrians within the community by all means, including assisting in the promotion, networking and funding of Zoroastrian enterprises by various means, including grants or interest-free loans. These goals may be attained, without limiting the corporation’s freedom to pursue these goals through other avenues such as receiving donations from individuals, corporations and any other legal persons or entities, including religious organizations or governmental agencies, to form and maintain a fund or funds of money, real or personal property or any combination thereof and, subject to the restrictions and limitations hereinafter set forth, to use and apply the whole or any part of the income therefrom and the principal thereof exclusively for charitable, religious, scientific or educational purposes.

Objectives

The Foundation is incorporated under the not-for-profit corporation law of the state of Illinois for the promotion of entrepreneurship among Zoroastrians. Without limiting the generality of the foregoing, the purposes include the following objectives:

A. To solicit funds worldwide
B. Subject to the provisions of the Bylaws, to provide grants to qualified entrepreneurs/professionals for business startups, professional development and/or to grow existing businesses all in the interest of wellbeing of the society with a focus on youth development.
C. To promote entrepreneurship among all sections of the North American society.
D. To engage in charitable activities for the promotion of entrepreneurship.
E. To engage in any other activities for the promotion of entrepreneurship.

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