The EL OBSERVADOR FOUNDATION’s focus is to provide these funds as
grants-in-aid, scholarships, internships, vocational training,
apprenticeships and for community based organizational development. This
foundation strives to address within the Hispanic community the educational
development of its youth residing in the San Francisco Bay Area.
Its charter dated March 3, 1983 states (a) This Corporation is a nonprofit
public benefit corporation and is not organized for the private gain of any
person. It is organized under the Nonprofit Public Benefit Law for
charitable purposes. (b) The purposes for which this corporation is
organized are exclusively charitable, scientific, literary and educational,
within the meaning of section 501-c-3 of the Internal Revenue Code of 1954.
The Internal Revenue Service (IRS) documents certify the non-profit status
under IRS section 501-c-3.