ARTICLE I - Name and Purpose


Section 1. Name
The name of this Club shall be The Wharton Club of Chicago (“the Club”).

Section 2. Purpose
The Club is organized to promote the welfare of The Wharton School of the University of Pennsylvania (“Wharton” or the “University”) and will be operated exclusively for educational and charitable purposes as the terms are used in Internal Revenue Code Section 501(c)(3). The purpose of the Club includes, but is not limited to

a. Promoting the welfare of the University,
b. Conducting public discussion groups, forums, panels, lectures or similar programs to facilitate exposure to thought leaders and meaningful opportunities for intellectual development and lifelong learning for graduates and friends of the University,
c. Engaging in public relations work on behalf of the University,
d. Supporting the goals and objectives of the University’s Alumni Association,
e. The fostering of the spirit of fraternity among graduates and friends of the University through fund raising and social events,
f. Supporting other 501(c)(3) designated organizations,
g. Raising of funds to be used in the establishment and the continuation of University student scholarships, and
h. Complying with the state and local laws and ordinances relating to alcoholic liquors.