36 U.S.C. § 90105 — Powers

(a) In General. The foundation may: (1) adopt a constitution and bylaws; (2) adopt a seal that courts must officially recognize; and (3) do any other act needed to carry out this chapter. (b) Powers as Trustee. To carry out its purposes, the foundation has the usual powers of a District of Columbia corporation acting as a trustee, including the power to: (1) accept, receive, ask for, hold, manage, and use any gift, will-based gift, or bequest of property, or any income or other interest from property, whether given outright or in trust; (2) buy or trade for property or an interest in it; (3) unless the transfer document says otherwise, sell, give away, lease, invest, or otherwise dispose of any property or income from property; (4) borrow money and issue debt instruments; (5) make contracts and other arrangements with public agencies, private organizations, and people, and make payments needed to do its work; (6) sue and be sued; and (7) do any other act needed and proper to carry out the foundation's purposes. (c) Encumbered or Restricted Gifts. The foundation can accept a gift, will-based gift, or bequest even if it comes with conditions, restrictions, or other people's interests attached — as long as some current or future interest benefits the foundation. (d) Contracts. The foundation may enter into whatever contracts with public and private entities it thinks fit to carry out its purposes. (e) Annual Conference in Washington Metropolitan Area. Starting in 2003, the foundation may sponsor a yearly conference in the Washington, D.C. area, to honor secondary school students and others who have served, or plan to serve, as poll workers and assistants, and who took part in the foundation's programs and activities.