Bae & Choi Institute of Next

Bae & Choi Institute of Next is intended to serve as a conduit for the charitable gifts of its founders, Sungwon Bae and Yoonjung Choi, both of whom were born and raised in S. Korea and immigrated to U.S, and strongly believes that this corporation can serve to enhance charitable activities in both S. Korea and U.S.

This corporation is organized exclusively for charitable, educational, and scientific purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code (or the corresponding section of any future federal tax code).

The specific purposes of the corporation include, but are not limited to:

- Supporting charitable activities aligned with the family’s philanthropic mission.

- Engaging in activities that enhance charitable, educational, and scientific objectives consistent with the requirements as a public charity under Section 509(a)(1) and 170(b)(1)(A)(vi).

- Enhancing education in S. Korea by scholarship grants that support either individuals or educational institution, or by other similar charitable education activities.

Bae & Choi Institute of Next ByLaw (Rev 1)