Formally established in 2018 in Manhattan, New York, Metropolitan Art Gallery Association (MAGA) is a New York State Non-Profit-Organization that was issued qualifications and certificates by United States Federal Government and the government of New York State.
The purpose for Metropolitan Art Gallery Association (MAGA) is to facilitate the development of contemporary art and the elevation of the fusion of different culture through curatorial events, exhibitions, competition, and other forms of events in New York City & around the globe. The corporation will locate those persons who are in need but lack the resource to hold an exhibition or cultural exchange event, then connect them with organizations that are interested in holding such events throughout the U.S. and the globe.
The Nature of
No part of the net earnings of the corporation shall inure to the benefit of, or be distributable to its members, trustees, officers, or other private persons, except that the corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purposes set forth hereof in the border of United States.
No substantial part of the activities of the corporation shall be the carrying on of propaganda, or otherwise attempting to influence legislation, and the corporation shall not participate in, or intervene in (including the publishing or distribution of statements) any political campaign on behalf of or in opposition to any candidate for public office in the border of United States.
Notwithstanding any other provisions of these articles, the corporation shall not carry on any other activities not permitted to be carried on (a) by a corporation exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code, or (b) by a corporation, contributions to which are deductible under section 170(c)(2) of the Internal Revenue Code, or the corresponding section of any future federal tax code.
Upon the dissolution of the corporation, assets shall be distributed for one or more exempt purposes within the meaning of section 501(c)(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code, or shall be distributed to the Federal government, or to a state or local government, for a public purpose. Any such assets not so disposed of shall be disposed of by a Court of Competent Jurisdiction of the county in which the principal office of the corporation is then located, exclusively for such purposes or to such organization or organizations, as said Court shall determine, which are organized and operated exclusively for such purposes in the border of United States.