CONNECTICUT PUBLIC BROADCASTING ENDOWMENT INC

TO BE ORGANIZED AND OPERATED AT ALL TIMES EXCLUSIVELY AS A NON-STOCK, CHARITABLE "SUPPORTING ORGANIZATION" AS DESCRIBED IN SECTIONS 501(C)(3) AND 509(A)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("CODE") FOR THE FOLLOWING EXCLUSIVE PURPOSES:(A) TO SUPPORT, BENEFIT AND ASSIST CONNECTICUT PUBLIC BROADCASTING, INC. ("CPB"), WHICH IS A TAX-EXEMPT ORGANIZATION UNDER CODE SECTION 501(C)(3) AND A PUBLIC CHARITY CODE SECTION 509(A)(2);(B) TO ENLIST PUBLIC SUPPORT AND ESTABLISH FUNDING INITIATIVES FOR THE BENEFIT OF CPB.;(C) TO RECEIVE FROM ANY PERSON, CASH OR PROPERTY WHICH WILL COMPRISE AN ENDOWMENT FUND FOR THE BENEFIT OF CPB, INC.(D) TO OWN, HOLD, MANAGE, INVEST AND REINVEST ALL SUCH PROPERTY RECEIVED;(E) TO USE AND APPLY THE NET INCOME AND PRINCIPAL OF ALL SUCH PROPERTY IN SUCH PROPERTY IN SUCH MANNER AND IN SUCH TIME.