(a) The purpose for which said corporation is formed are to assist needy persons, particularly young people; to assist worthy youth in attaining vocational excellence, and to aid handicapped persons in regaining happy, useful lives through the expending of funds directly for such purposes or by the furnishing of funds to other organizations organized for charitable, scientific research, or educational purposes, or the prevention of cruelty to children, all within the purview of Section 501 (c)(3) of the Internal Revenue Code and the Regulations there under.

(b) The specific purposes are:

To accept gifts, contributions, grants, funds and bequests of real and personal property and to hold, administer, invest, reinvest and expend the same for any program or purpose that is determined by its Board of Directors as useful or helpful to the Kiwanis Club of Southwest Omaha in pursuit of the Club’s charitable and community service objectives.