The Schoolbag Foundation is a non-profit organization established exclusively for school children in Belize to experience the enhancement of education within the meaning of Section 501(c)(3), including for such purposes, the making of distributions to organizations that qualify as exempt organizations under Section 501(c)(3) of the Internal Revenue Code, or corresponding section of any future federal tax code. The purposes for which it is organized are as follows: (a) Provide financial scholarships to students in Belize for tuition and books on a yearly basis. (b) Provide financial assistance to the construction and renovations of school buildings. (c) Provide financial assistance to the purchasing of school supplies and school furniture. (d) Provide financial assistance to the purchasing of fine arts and sporting extracurricular equipment for students.
