Title
Authorizing City Officials to file Articles of Incorporation to establish a Non-Profit Corporation that shall be called The Philadelphia Poverty Action Fund for the purpose of reducing poverty in Philadelphia.
Body
WHEREAS, The City of Philadelphia's Five Year Financial and Strategic Plan for Fiscal Years 2021-2025 approaches long-term recovery from the COVID-19 crisis with a focus on keeping Philadelphians safe, healthy, and educated; with a racial equity lens; and with an emphasis on partnerships that leverage external resources to fund and deliver services; and
WHEREAS, City Council's Special Committee on Poverty Reduction and Prevention brought together leaders in business, philanthropy, academics, non-profits, and the Mayor's office, to set forth a Philadelphia Poverty Action Plan to address the nation's highest poverty rate among large cities through a moonshot moment in partnership between our public and private sectors; and
WHEREAS, The Philadelphia Poverty Action Fund, as governed by experienced representatives of the public and private sectors, will leverage the resources, strengths, and expertise of those respective sectors, to provide efficient and direct programs and services that demonstrably reduce poverty, and to publicly report on those programs and services through an independent knowledge center that is responsible for outcomes and data measurement; now, therefore
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. The Mayor and the President of City Council are hereby authorized to file, as incorporators, articles of incorporation for The Philadelphia Poverty Fund with the Secretary of the Commonwealth of Pennsylvania. The Articles of Incorporation shall be substantially in the form set forth in Exhibit "A," attached hereto.
SECTION 2. The Chief Clerk of City Council shall keep Exhibit "A" to this ordinance on file and make it available to the Public for inspection and copying during regular office hours.
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