Articles of Incorporation

The undersigned, being of the age of eighteen years or more, does hereby make and acknowledge these Articles of Incorporation for the purpose of forming a non-profit corporation under the laws of the State of South Carolina.

Article I

The name of the corporation is the South Carolina Association of Student Financial Aid Administrators, Inc.


Article II

The period of duration of the corporation shall be perpetual.


Article III

The purposes for which the corporation is organized are:

  1. To promote the professional competency and association of persons involved in student financial aid to post-secondary educational institutions, banks, gevernment agencies, foundations, and other associated with private and community organizations concerned with the support and administration of student financial aid programs.
  2. To assist educational institutions, banks, foundations, government agencies, and private and community organizations to promote and develop effective programs pertinent to student financial aid.
  3. To promote interchange of information between educational institutions and sponsors of student financial aid funds through an exchange of ideas, information, and experiences.
  4. To promote such conferences and other related activities as may be desirable or required to fulfill the purpose of this organization.

Article IV

The corporation will be a membership corporation consisting of members as defined in the Bylaws.

Article V

Directors of the corporation shall be elected in the manner provided by the Bylaws.


Article VI

The address of the initial registered office of the corporation is 66 George Street, Charleston, Charleston County, South Carolina. And the name of its initial registered agent at such address is John E. Burns.


Article VII

The number of directors constituting the initial Board of Directors shall be two and the names and addresses of the persons who are to serve as directors until the first meeting of the corporation, or until their successors are elected and qualified are:

John E. Burns
66 George Street
Charleston, South Carolina 29401

R. Martin McGirt, Jr.
2103 Cunningham Road
Columbia, South Carolina 29210


Article VIII

The name and address of the incorporator is:

R. Martin McGirt, Jr.
2103 Cunningham Road
Columbia, South Carolina 29210


Article IX

The corporation shall have all the powers granted incorporations under the laws of the State of South Carolina. However, notwithstanding anything herin to the contrary, the corporation shall exercise only such powers as are in furtherance of the exempt purposes of organizations set forth in the subsection of Section 501(c) of the Internal Revenue Code of 1954, under which the corporation chooses to qualify for exemptions as the same now exists or as it may be amended from time to time.

Article X

In the event of the dissolution of the corporation, no member shall be entitled to any distribution or division of its remaining property or its proceeds, and the balance of all money and other property received by thecorporation from any source after the payment of all debts and obligations of the corporation shall be used or distributed exclusively for purposes within the intendment of Section 501(c) of the Internal Revenue Code as the same now exists or as it may be amended from time to time.

IN WITNESS WHEROF, I have hereunto set my hand and seal, this

28th day of June, 1982.

(original signed by R. Martin McGirt, Jr.) (seal)

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