964 
be appointed for the remainder of the term 
of the predecessor of the individual. 
(iii) TRANSITION.—A member of the 
Board may continue to serve after the ex-
piration of the term of the member until a 
successor is appointed. 
(B) VACANCIES.—Any vacancy in the 
membership of the Board shall be filled in the 
manner in which the original position was made 
and shall not affect the power of the remaining 
members to execute the duties of the Board. 
(6) COMPENSATION.—Members of the Board 
may not receive compensation for service on the 
Board but may be reimbursed for travel, subsist-
ence, and other necessary expenses incurred in car-
rying out the duties of the Board. 
(7) MEETINGS AND QUORUM.—A majority of 
the members of the Board shall constitute a quorum 
for purposes of conducting business of the Board. 
(f) ADMINISTRATION.— 
(1) EXECUTIVE DIRECTOR.— 
(A) IN GENERAL.—The Board shall hire 
an Executive Director who shall carry out such 
duties and responsibilities as the Board may 
prescribe. 
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(B) SERVICE.—The Executive Director 
shall serve at the pleasure of the Board. 
(2) ADMINISTRATIVE POWERS.— 
(A) IN
GENERAL.—In carrying out this 
section, the Board, acting through the Execu-
tive Director, may— 
(i) adopt, alter, and use a corporate 
seal, which shall be judicially noticed; 
(ii) hire, promote, compensate, and 
discharge 1 or more officers, employees, 
and agents, as may be necessary, and de-
fine the duties of the officers, employees, 
and agents; 
(iii) solicit and accept any funds, 
gifts, grants, devises, or bequests of real or 
personal property made to the Foundation, 
including such support from private enti-
ties; 
(iv) prescribe the manner in which— 
(I) real or personal property of 
the Foundation is acquired, held, and 
transferred; 
(II) general operations of the 
Foundation are to be conducted; and 
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(III) the privileges granted to the 
Board by law are exercised and en-
joyed; 
(v) with the consent of the applicable 
executive department or independent agen-
cy, use the information, services, and facili-
ties of the department or agency in car-
rying out this section; 
(vi) enter into contracts with public 
and private organizations for the writing, 
editing, printing, and publishing of books 
and other material; 
(vii) hold, administer, invest, and 
spend any gift, devise, or bequest of real or 
personal property made to the Foundation; 
(viii) enter into such contracts, leases, 
cooperative agreements, and other trans-
actions as the Board considers appropriate 
to conduct the activities of the Foundation; 
(ix) modify or consent to the modifica-
tion of any contract or agreement to which 
the Foundation is a party or in which the 
Foundation has an interest; 
(x) take such action as may be nec-
essary to obtain patents and licenses for 
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