(a) In general The President, acting through the Corporation, is authorized to designate a private,
nonprofit">
nonprofit organization (hereinafter referred to in this subchapter as the Foundation) to receive funds pursuant to section
12681 (b) of this title in furtherance of activities under section
12661 of this title, upon the determination of the Corporation that such organization is capable of carrying out the undertakings described in section
12661 of this title. Any such designation by the Corporation shall be revocable.
(b) Construction Nothing in this chapter shall be construed either
(1) to cause the Foundation to be deemed an agency, establishment, or instrumentality of the United States Government; or
(2) to cause the directors, officers or employees of the Foundation to be deemed officers or employees of the United States.
