Green Bay Packers Foundation
- Green Bay Packers Foundation
The Green Bay Packers Foundation is the name for the charitable arm of the NFL franchise of the same name. The team created the Green Bay Packers Foundation in December 1986. The foundation assists in a wide variety of activities and programs that benefit education, civic affairs, health services, human services and youth-related programs.
At the team's 1999 annual stockholders meeting, it was voted to make the foundation the recipient of any remaining assets if the team were to be sold or dissolved. In 1923, the Packers were incorporated in Wisconsin as a nonprofit corporation. Stipulations were that if the Packers were sold, all assets would be transferred to the Sullivan-Wallen Post of the American Legion in order to build a "proper soldiers memorial." No shareholder can own more than 200,000 shares in the company. This has put the Packers in a unique situation, as it would be impossible to move the team from Wisconsin. In turn, the franchise has remained in the tiny market of Green Bay.
External links
* [http://packers.com/community/packers_foundation/ Green Bay Packers Foundation page at packers.com]
Wikimedia Foundation.
2010.
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