Charusat Educational Foundation is organized exclusively for charitable, religious, educational, and scientific purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under the section 501 (c) (3) of the Internal Revenue Code, or corresponding section of any future federal tax code. The business activity for said organization is as follows: Solicit and collect donations to enhance education.

"CEF ACCEPTS STOCK TRANSFER AS DONATION"