There are 29 different exemptions under Code Section 501, the most popular of which is Section 501(c)(3). If the corporation plans to qualify for tax-exemption under Section 501(c)(3), the articles must limit the corporation's activities to tax-exempt purposes. Tax exempt purposes include: religious, charitable, scientific, testing for public safety, literary, educational, to foster national or international amateur sports competition, or promote the arts, or for the prevention of cruelty to ...
