ORG was formed and funded by Founder and is tax-exempt under Sec. 501(c)(3) and classified as a private foundation. ORG intends to invest some of ORG's assets in the Investment Trust, a registered investment company offering two investment portfolios, a growth fund and a total return fund. Founder and other disqualified persons own X% of the shares in the growth fund and Y% of shares in the total return fund. Founder is one of four trustees of the publicly traded Investment Trust and is the only disqualified trustee.
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Bill Russell grew up on the Great Plains. During his youth, he was a rodeo bull rider and gained fame as "Wild Bill" for his daring exploits. But Wild Bill was an artist at heart and soon decided to move on to his artistic pursuits.
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There are various forms under which an individual or group of people can choose to establish a business. One such form is a corporation. There are two different types of corporations: a C corporation and an S corporation.
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