Non-Distribution Constraint
No part of the net earnings of Alborz Foundation inures to the benefit of any private individual; assets are irrevocably dedicated to our charitable purposes.
Alborz Foundation (EIN 884356281) is a California Nonprofit Public Benefit corporation organized for public and charitable purposes. We are recognized as a charitable organization under IRS §501(c)(3).
Our specific purpose is to provide opportunities for sustained education and prosperous life experiences for disadvantaged individuals. We focus on long-term outcomes: persistence in learning, marketable skills, and community contribution.
No part of the net earnings of Alborz Foundation inures to the benefit of any private individual; assets are irrevocably dedicated to our charitable purposes.
Upon dissolution, remaining assets must be distributed to another organization organized and operated exclusively for charitable, educational and/or religious purposes under IRS §501(c)(3).